LONDON, February 5, 2011 /PRNewswire-FirstCall/ -- Mobile trading platforms and iPhone spread betting are set to play a big part in the future of trading. So what should you be doing to get the most out of them? Spread betting provider City Index (http://www.cityindex.co.uk/) offers these tips to maximise performance:
1) Dedicate more time to spread betting analysis
While mobile trading platforms increase your ability to access financial spread betting prices whenever you want, the danger is that the more you look at prices moving, the more likely you may be to make impulse spread bets. This makes thorough spread betting research more important than ever. You should always analyse your market carefully before spread betting, regardless of whether you ultimately execute your spread bet via a mobile, iPhone or online trading platform ( http://www.cityindex.co.uk/trading-platform/online-trading-platform.aspx).
2) Take advantage of price fluctuations
Another way of capitalising on the ability to access prices, spread bet and monitor positions while on the move is to develop a more complete spread betting strategy. But remember, acting on emotion is never a good idea. Knowing price objectives, entry points, exit points, risk-reward ratios and which stop loss to use for every spread bet will help you to approach your mobile trading or iPhone spread betting ( http://www.cityindex.co.uk/trading-platform/iphone-trading-platform.aspx) with a level head.
3) Never forget the basics
Finally, although there are ways in which you can adapt your spread betting style to the mobile trading platform, it is also important to remember to keep some of your trading methodology the same. For example, spread betting provider City Index offers mobile trading that gives you access to the full range of markets ( http://www.cityindex.co.uk/range-of-markets/) and order types available on its online trading platform. This allows you to continue trading only the markets you truly understand and to carry on using a stop loss order - whether standard or guaranteed - for every spread bet you make.
To learn more about mobile spread betting with City Index, visit: http://www.cityindex.co.uk/trading-platform/mobile-trading-platform.aspx. For more on iPhone spread betting, go to: http://www.cityindex.co.uk/trading-platform/iphone-trading-platform.aspx. 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 for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, contracts for differences (CFDs) and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. For more information, visit http://www.cityindex.co.uk/.
Spread betting carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.
Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the US and other countries. iPhone is a trademark of Apple Inc.
SOURCE City Index