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The Spread Betting Comparison Chart gives insight into the various providers according to the value added services they bring their clients.
Be it market updates, iPhone App's, customers support, technical tools - they judge the providers according to the effort they have put into their offerings. |
| Forex spread betting: Sell JPY USD |
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| Written by Will Peters | |
| Monday, 16 August 2010 09:46 | |
A look at some key technical views for the forex spread betting community.
"On the currency markets the woes of the EU bloc seem to be raising their head again as the European Central Bank expresses happiness with bad numbers. "Tax receipts across the Southern States are worse than hoped and this will be adding to the overall debt level and decreasing their ability to repay in the future. The recent weakness in the Euro (before the even more recent bounce) aided the big exporting nations (Germany, France etc) as was shown by Q1/Q2 growth numbers. "All in all the storm clouds seem to be gathering once again and with the dollar having gone through its angst moment over that last couple of months buyers of the Euro and Pound seem thin on the ground even though they have both dropped 5 cents in the last week)." The EUR USD opened in Asia around 1.2760 and traded up to 1.2775 on light profit taking. The EUR USD started tracking lower when the Japan Q2 GDP came in mush worse than expected and led to JPY-cross selling. EURUSD pivot point is at 1.2830 with a preference to enter into Short positions at 1.2820 say forex trading firm Easy Forex. The “risk-off” theme dominated the morning session, as Asian equities moved over 1% lower and took the EUR JPY from 110.00 to 109.25 at one stage. Delta Index, have called a sell on JPY USD after observing a MACD Crossover. According to Delta this signals a Sell at 11589. Those looking at spread betting JPY USD should consider a Stop at 11708 while setting an initial target 11358 say Delta. Easy Forex have called the USD JPY pivot point at 86.20 with a preference to enter Long positions at 86.15 The same team have also called a sell on EUR CAD after the EUR CAD charts showed a Triple Moving Average Crossover. Delta have advised spread bettors to sell at 13285 while setting a stop at 13674 with an initial target set at 12528. |
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| Last Updated on Tuesday, 17 August 2010 08:53 |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.