Financial Spread Betting: Three Tips to Build Your Knowledge

LONDON, February 15, 2011 /PRNewswire-FirstCall/ -- Financial spread betting (http://www.cityindex.co.uk/spread-betting/) is constantly evolving, and traders should be evolving with it. New developments such as changes in the markets, tax laws, mobile spread betting and advanced charting technologies mean it is more important than ever that the spread bettor keeps abreast of what is going on.

1) Mobile Spread Betting

As the technology around us continues to develop, so does spread betting. With the fast-moving financial markets of today, it is crucial that you have access to your trading platform whenever you want, wherever you are. This has paved the way for iPhone(TM) spread betting and mobile trading from the likes of City Index (voted 'Best Mobile Trading Platform 2010' at the MoneyAM Online Finance Awards), allowing spread bettors 24-hour access to live prices on thousands of global markets. See the mobile trading options available to you at http://www.cityindex.co.uk/trading-platform/.

2) Spread Betting Seminars and Webinars

Free weekly spread betting webinars and seminars from providers such as City Index are designed to help you improve your spread betting and CFD trading skills, no matter what your level of financial skills or trading knowledge. Topics range from the basics of spread betting and CFD trading to technical analysis, candlestick patterns and other more advanced areas. Find out more at http://www.cityindex.co.uk/learn-to-trade/.

3) Strategy and Planning

Before they place a spread bet, an experienced trader knows exactly why they are opening the position. They have already planned where they want to take a profit and, more importantly, where they are willing to take a loss, setting out stop losses and limit orders accordingly. Maintaining a spread betting strategy in this manner requires constant testing and refining to make sure it works for you and the markets in which you trade. Regardless of your spread betting expertise, a good way of testing your financial spread betting strategy is with a free demo account. This would allow you to try out your strategies with virtual money, rather than risking any of your own investment capital.

To sign up for your free spread betting demo account from City Index, visit:

http://www.cityindex.co.uk/learn-to-trade/demo-account.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.

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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

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