How Financial Traders are Evolving to Tackle Volatile Markets
LONDON, October 21, 2011 /PRNewswire/ --
From European debt crises to Hurricane Irene, the recent glut of economic and natural disasters has caused extreme financial volatility across the world. But how have the conditions of the markets changed the actions of those who trade within them?
Joshua Raymond, Chief Market Strategist at City Index, believes the dramatic swings in prices have forced traders to remain on their toes when it comes to managing their positions: "We've seen the typical length of time that spread bettors leave their trades open shorten dramatically, as the high volatility means that profit or loss targets are reached more quickly than usual."
In addition, it would appear that some traders have evolved their styles to take advantage of the shorter-term opportunities afforded by such a high level of volatility. Mr. Raymond continues: "Spread bettors have shown more attributes to pick up a smaller movement of prices, whereas in calmer times they may have waited for a longer and bigger move."
One way traders can keep a close eye on their open positions wherever they are is by using mobile spread betting. City Index's City Trading™ app, voted Best Mobile Trading Platform in both 2010 and 2011 by readers of MoneyAM, can be found at http://www.cityindex.co.uk/trading-platform/
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
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, CFDs and, in the UK, spread betting.
We constantly look to 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.
Learn more about the markets with daily news and insights from the City Index trading floor at http://www.cityindex.co.uk/market-analysis/
SOURCE City Index
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