|
|
Managing Your Spread Betting Account |
|
|
Financial spread betting should never come before anything else in your life. Also, whoever you are, it is not always possible to be in front of the trading platform when a trading decision needs to be made.
Cutting your losses and letting your profits run is a wonderful idea in theory, but how can you maintain that level of control over your spread betting account when you are away from the trading platform?
Here, spread betting company City Index looks at how to manage your spread bets around your everyday life.
Managing Your Spread Betting Account: Stop Losses and Limit Orders
Some spread betting traders focus their technical analysis on finding the perfect entry price point for their spread bet. Whilst this is important, two equally crucial elements in spread betting are your stake size and the price at which you plan to exit the spread bet.
Concentrating on your stop losses and profit targets just as much as your entry to the spread bet can be an effective way of managing your trading away from a computer. It means that you do not always need to be there to make a profit or restrict a loss.
Limit orders play a large part in this, limit orders lock in target profits by automatically closing a winning trade once a market passes a trigger value set by you.
For example, if you bought £2 per point of the UK 100 at 5,000, and then set your limit order to 5,200, you would automatically make a profit of £400 (5,200-5,000 x £2) should the UK index then reach 5,200, regardless of whether or not you were logged into the trading platform at the time.
Managing Your Spread Betting Account: Mobile Spread Betting
City Index launched the first Apple-approved spread betting iPhone application in October 2009 and the company’s Market Strategist Joshua Raymond believes that the ensuing success of the City TradingTM app, City Index won ‘Best Mobile Trading Platform’ at the 2010 Money AM Finance Awards, is down to the greater level of autonomy it allows traders.
“Giving spread bettors the ability to trade whenever they want and wherever they are is completely where we feel the industry is going. No longer are you restricted to making spread bets in front of the computer.”
With wider internet access and rising connection speeds, the flexibility of iPhone spread betting and mobile trading platforms can allow you to make use of trading time that you did not know you had.
Lengthy train journeys and coffee shop queues can be transformed into time spent researching market movements, analysing charts or even opening and closing positions.
Managing Your Spread Betting Account: Timeframes
Having the ability to react quickly to market movements can make a significant difference in short-term spread betting.
For this reason, unless you have constant access to a trading platform and your spread betting account, it may be worth considering more medium to long-term spread betting.
For a short-term trader apart from a trading platform, there can be a lot of pressure to frequently check the markets, and this can lead to spread betting mistakes and indecision.
Ultimately, financial spread betting in any form requires the trader to employ effective risk management tools and stay in tune with the financial markets on which they are trading.
City Index Account:
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks. Please seek independent advice if necessary.
Head and Registered Office: Park House, 16 Finsbury Circus, London, EC2M 7EB. City Index Limited is a company registered in England and Wales, number: 1761813. Authorised and Regulated by the Financial Services Authority. FSA Register Number: 113942.
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.
Managing Your Spread Betting Account - edited by MJ, 17 October 2011.
For related pages and articles see:
City Index - review last updated: 11 May 2012
City Index - City Index provide an awarding winning spread betting service. A City Index account offers 24 hour trading, live charts, spread betting and CFDs on thousands of markets, mobile trading and ...more: City Index.
BlackBerry Spread Betting App - review last updated: 01 May 2012
BlackBerry Spread Betting App - With over 12,000 markets to trade, it's both easy and secure to place forex trades, view up-to-date market information, place and amend orders, set stop and limit ...more: BlackBerry Spread Betting App.
Tips For Using A Mobile Spread Betting Platform - review last updated: 30 April 2012
Tips For Using A Mobile Spread Betting Platform – Planning, before you start spread betting on a market, provides you with clear guidelines to take you through trading with the aim of limiting ...more: Tips For Using A Mobile Spread Betting Platform.
Spread Betting and Gaps - review last updated: 20 April 2012
Spread Betting and Gaps - Financial spread betting markets can gap-up or gap-down due to a wide range of factors and can have a damaging impact on trades. Market gapping occurs when ...more: Spread Betting and Gaps.
City Index Spread Betting - review last updated: 20 April 2012
City Index Spread Betting - Traders with a City Index spread betting account can access over 12,000 markets as well as real-time financial news and analysis feeds. The interactive live pricing charting package includes ...more: City Index Spread Betting.
Types of Spread Betting - review last updated: 04 April 2012
Types of Spread Betting - Monthly futures incur wider spreads than rolling spread bets. With a fixed monthly expiry date, there is no overnight finance charge applied and positions can be ...more: Types of Spread Betting.
Financial Spread Betting Tips for New Investors - review last updated: 03 April 2012
Financial Spread Betting Tips for New Investors - when spread betting, it is easy to focus purely on the trade in hand and ignore the need to keep improving skills and knowledge. Here, spread ...more: Financial Spread Betting Tips for New Investors.
Short Selling via Spread Betting - review last updated: 30 March 2012
Short Selling via Spread Betting - Spread betting gives investors the opportunity to profit from a falling market as well as a rising one, making them better placed to react ...more: Short Selling via Spread Betting.
Spread Betting or CFDs? - review last updated: 30 March 2012
Spread Betting or CFDs? - CFD trading and spread betting are very similar, but they differ in some crucial ways. Here, the award-winning spread betting and CFD trading provider City ...more: Spread Betting or CFDs?.
City Index Charts - review last updated: 28 March 2012
City Index Charts - Charting is one of the most popular market analysis techniques available to traders. Though by no means perfect, the results can be considered a sensible way ...more: City Index Charts.
Using Twitter as a Spread Betting Tool - review last updated: 28 March 2012
Using Twitter as a Spread Betting Tool - Twitter is uniquely suited to providing the instant news needed to stay abreast of the markets a fact of which helps ...more: Using Twitter as a Spread Betting Tool.
Women in Spread Betting - review last updated: 27 March 2012
Women in Spread Betting - Women have been under-represented in spread betting and CFD trading in the past. However, in recent years, their numbers have been increasing and they have out performed the ...more: Women in Spread Betting.
Spread Betting Beginner vs Expert - review last updated: 27 March 2012
Spread Betting Beginner vs Expert - Selectivity in spread betting ranges from deciding optimum entry/exit points, stake sizes and stop loss levels to picking the right market for ...more: Spread Betting Beginner vs Expert.
Preparing for Unpredictable Spread Betting Markets - review last updated: 22 March 2012
Preparing for Unpredictable Spread Betting Markets - Many traders use a combination of fundamental analysis and technical analysis and therefore ...more: Preparing for Unpredictable Spread Betting Markets.
City Index Limited Risk Account - review last updated: 22 March 2012
City Index Limited Risk Account - a limited risk spread betting account entitles you to the same spreads and markets as a standard City Index account, and your guaranteed stop ...more: City Index Limited Risk Account.
Managing Your Spread Betting Capital - review last updated: 20 March 2012
Managing Your Spread Betting Capital: When managing your spread betting capital having an idea of exactly how much you are happy to lose on a trade can be ...more: Managing Your Spread Betting Capital.
Build your Own Spread Betting Strategy - review last updated: 20 March 2012
Build your Own Spread Betting Strategy: When looking to build your own spread betting strategy there are a few key elements to consider. Firstly, when spread betting it is important to ...more: Build your Own Spread Betting Strategy.
City Index Mobile Spread Betting App - review last updated: 20 March 2012
City Index Mobile Spread Betting App: The City Index mobile spread betting app has been voted 2010's Best Mobile Trading Platform by ...more: City Index Mobile Spread Betting App.
Spread Betting Pairs Trading - review last updated: 27 February 2012
Spread Betting Pairs Trading: An increasing number of traders today opt for spread betting pairs trading. To engage in spread betting pairs trading, a trader first needs to ...more: Spread Betting Pairs Trading.
Protect Your Financial Spread Betting Capital - review last updated: 24 February 2012
Protect Your Financial Spread Betting Capital: There are a number of methods available to protect your financial spread betting capital. Firstly, financial spread betting investors can ...more: Protect Your Financial Spread Betting Capital.
A Guide to Crude Oil Spread Betting - review last updated: 23 February 2012
A Guide to Crude Oil Spread Betting: In crude oil spread betting you can profit from both a rising and falling market. It is important when spread betting on crude oil to consider ...more: A Guide to Crude Oil Spread Betting.
Mobile Spread Betting at City Index - review last updated: 10 February 2012
Mobile Spread Betting at City Index: For the last two years City Index has been voted Best Mobile Trading Platform. When mobile spread betting a City Index you will have access to ...more: Mobile Spread Betting at City Index.
Minimise Your Spread Betting Losses - review last updated: 09 February 2012
Minimise Your Spread Betting Losses: There are a number of ways to minimise your spread betting losses. You can minimise your spread betting losses by using stop losses. You can also ...more: Minimise Your Spread Betting Losses.
Spread Betting Tips For Beginners - review last updated: 08 February 2012
Spread Betting Tips for Beginners: Spread betting is a tax-efficient way of trading the markets. To maximise your spread betting profits there are a number of spread betting tips for beginners you can ...more: Spread Betting Tips For Beginners.
Spread Betting Options - review last updated: 14 December 2011
Spread Betting Options: Spread betting options are a perfectly viable limited risk alternative to speculating on financial markets. There are two types of spread betting options, Calls and ...more: Spread Betting Options.
City Index Demo Account - review last updated: 13 December 2011
City Index Demo Account: Sample spread betting in a controlled environment with a City Index Demo Account. You don't need to be an existing client to sign up for a City Index Demo Account and you can ...more: City Index Demo Account.
Spread Betting Education from City Index - review last updated: 13 December 2011
Spread Betting Education from City Index: Spread betting education from City Index is now available via different methods. To bolster spread bettors' knowledge City Index has ...more: Spread Betting Education from City Index.
OCO Spread Betting Orders - review last updated: 12 December 2011
OCO Spread Betting Orders: a one-cancels-the-other (OCO) order allows you to take two views on the same market by placing two simultaneous opening orders. OCO spread betting orders can ...more: OCO Spread Betting Orders.
Financial Spread Betting Stop Losses - review last updated: 08 December 2011
Spread Betting Stop Losses: Spread betting stop losses allow you to minimise your spread betting risk exposure. There are different spread betting stop losses available to investors such as the guaranteed stop loss which ...more: Financial Spread Betting Stop Losses.
Using Market Analysis When You Spread Bet - review last updated: 07 December 2011
Using Market Analysis When You Spread Bet: There are different types of spread betting market analysis. A spread bettor who trades using fundamental analysis will generally base a spread bet on ...more: Using Market Analysis When You Spread Bet.
Develop Your Spread Betting Strategy - review last updated: 06 December 2011
Develop Your Spread Betting Strategy: Having a spread betting strategy is crucial in maximising your spread betting upside and minimising your downside. To develop your spread betting strategy you can ...more: Develop Your Spread Betting Strategy.
Why Try Spread Betting? - review last updated: 17 November 2011
Why Try Spread Betting? There are a number of advantages to spread betting. A) With spread betting you can profit from both a rising and a falling market. B) Profits are tax free*, C) Investors can ...more: Why Try Spread Betting?.
Managing Your Spread Betting Account - review last updated: 17 October 2011
Managing Your Spread Betting Account: One of the advantages of spread betting is that you can trade the markets 24 hours a day, 5 days a week. Mobile Spread betting platforms and ...more: Managing Your Spread Betting Account.
Spread Betting on Metals - review last updated: 14 October 2011
Spread Betting on Metals: Metals are a widely traded in spread betting. If you are spread betting on metals then most spread betting companies offer a wide range of ...more: Spread Betting on Metals.
A Basic Guide to Spread Betting - review last updated: 13 October 2011
A basic guide to spread betting: Spread betting is a tax efficient way of trading the markets. With spread betting you can make a profit from either a rising or falling market and ...more: A Basic Guide to Spread Betting.
A Guide to Spread Betting on the Crude Oil Markets - review last updated: 12 October 2011
A guide to spread betting on the crude oil markets. Spread betting allows traders to trade on commodities including oil. If you are thinking of spread betting on crude oil then there are a number of factors to ...more: A Guide to Spread Betting on the Crude Oil Markets.
Spread Betting: Trading on Margin - review last updated: 11 October 2011
Spread Betting and Trading on Margin: Spread betting allows you to trade with only a percentage of your position's total value. This 'margin trading' gives spread betting a key advantage over ...more: Spread Betting: Trading on Margin.
|
|
|
|
|
With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
|
* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
|
|
|
|
|
