How Do You Spread Bet Without Your Online Trading Platform?

LONDON, January 28, 2011 /PRNewswire-FirstCall/ -- Online spread betting (http://www.cityindex.co.uk/spread-betting/) is a popular way to trade global financial markets. But what happens if you lose your internet connection just as you are about to open or close a spread betting position? Or suffer a power cut while in the process of altering your stop loss or limit order for a trade?

Having to wait for a connection to repair itself can drastically affect your spread betting returns. That is why you should always have contingencies in place for when your online trading platform cannot be reached. Here are three of the spread betting Plan Bs available to you:

Spread betting orders

Financial spread betting providers such as City Index ( http://www.cityindex.co.uk/) offer an extensive range of order types to add greater flexibility to your trading. Orders are simply trading tools that allow you to automatically open, close, or amend your spread bets at predetermined prices. This means that, once you have set up your orders, you do not need to be in front of your trading platform to carry out your spread betting strategy.

Mobile spread betting

Whether you use it to log in to your provider's mobile trading platform or spread betting iPhone app, your mobile phone can be an effective contingency tool when your internet connection fails. City Trading (http://www.cityindex.co.uk/trading-platform/iphone-trading-platform.aspx), the live spread betting iPhone app from City Index, offers all the key features of an online trading platform. You can download the latest version of City Trading from the Apple App Store to open and close positions, place orders and chart movements, all in real-time wherever you are.

Telephone provider direct

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 +44(0)845-355-0801.

Add more tools to your trading with a free City Index spread betting seminar. See http://www.cityindex.co.uk/learn-to-trade/seminars.aspx for a list of upcoming workshops.

    You can also find out more about mobile trading at City Index by visiting:

    http://www.cityindex.co.uk/trading-platform/mobile-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 and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

SOURCE City Index

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