Spread Betting Tips For Using A Mobile Trading Platform

LONDON, March 13, 2012 /PRNewswire/ --

Spread betting with City Index allows you full, secure access to your trading account through various highly accessible and easy-to-navigate trading platforms including browser and mobile based applications.

City Trading™ Mobile App

Trade on-the-go from the professional mobile trading platform, City Trading™; the first live spread betting and CFD trading app for Android, Blackberry, Java, Windows Mobile and iPhone devices.

Launched in 2009, City Trading™ provides users with full, secure access to their City Index trading account, whenever and wherever they want.

What was once considered something of the future is now a reality for many traders with mobile trading offering them the potential to trade the opportunity as you they it, ultimately providing an upper hand over other traders.

After all, having instant access to your spread betting account when you're on-the-move can be the difference between netting a profitable trade or a losing one.

With this in mind, here we offer tips for spread betting using a mobile trading platform to help you make the most of your spread betting account.

Risk Management

As we know from above, mobile trading platforms offer heightened accessibility and instant access to your spread betting account and trades.

However, this increase may lead to a false sense of confidence and you may be drawn to trading on impulse.

As is with the online trading platform, when spread betting it is imperative that you follow a solid trading strategy with extensive risk management in place.

Thorough analysis and learning about your chosen market and price trends prior to placing a trade is the first step in a comprehensive trading strategy.

Realistic Targets

Realistic targets are key to your trading strategy and success.

Joshua Raymond, Chief Market Strategist at City Index states: "One common mistake I find from spread bettors is that they can go into a position without having a clearly defined profit or loss strategy."

"This can make trading very difficult and leave spread bettors open to what I call 'impulse trades' where they may enter or close a trade prematurely," he added.

Raymond goes onto say that having a defined trading strategy in place prior to trading is an important step for beginners, as well as a thorough understanding of the market that they choose to trade.

Managing risk by way of stop loss and limit orders locks in profits at predetermined levels set by you in order to minimise losses whilst trading through your mobile trading platform.

When putting orders in place, you must consider how much you are willing to lose before you place your spread bet.

Summary

Planning before you start spread betting on a market provides you with clear guidelines to take you through trading with the aim of limiting your losses. It also leaves valuable time to focus and react to market movements, which is where a mobile trading platform is an ideal tool.

About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact in excess of 1.5 million trades every month in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.

We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.

SOURCE City Index