Three Spread Betting Contingencies for When Your Internet Connection Fails

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Feb 28, 2011, 08:59 ET

LONDON, February 28, 2011 /PRNewswire-FirstCall/ -- As any regular computer user knows, technical problems can be a common occurrence. Crashes, internet failures and power-cuts can all happen at the worst possible times, whether you are typing up an important document or placing a financial trade. Spread betting provider City Index ( http://www.cityindex.co.uk/) offers these pieces of advice for when your computer is not acting the way it should.

iPhone(TM) spread betting and mobile trading

City Trading(TM), the live spread betting iPhone(TM) app from City Index, offers all the key features of an online trading platform. The iPhone and other smartphones are constantly connected to Wi-Fi or 3G, so you should be able to access the platform and execute a trade within moments. The app is also available for Android and BlackBerry phones. Learn more at http://www.cityindex.co.uk/trading-platform/.

Stop losses and limit orders

Financial spread betting providers such as City Index offer an extensive range of order types to add greater flexibility to your trading. Stop losses and limit orders are trading tools that allow you to automatically open, close, or amend your spread bets at predetermined prices. These should be used by all traders, regardless of whether they expect something to go wrong with their computer or not, because you never know what is going to happen to the markets.

Telephoning the provider directly

You can call most spread betting providers' trading desks direct to place spread bets or orders over the telephone. Although a useful option, this is a less instant way of spread betting than mobile or iPhone trading platforms. That said, you can never have to many contingency plans, so always keep your spread betting provider's telephone number written down just in case. The City Index trading desk can be contacted at 0845 355 0801.

To find out more about the range of mobile spread betting apps from City Index, visit:

http://www.cityindex.co.uk/trading-platform/

To find out more about stop losses, limit orders and other spread betting terms, visit the City Index spread betting glossary at:

http://www.cityindex.co.uk/learn-to-trade/glossary.aspx

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

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/

SOURCE City Index