Compare Spread Betting Companies
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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: Buy GBP JPY |
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| Written by Sam Coventry | |
| Wednesday, 21 July 2010 07:43 | |
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If you spread bet on technical indicators then GBP JPY could present an opportunity.
Delta say a MACD & Triple Moving Average Crossover has been identified, this signals a Buy at 13354. Delta suggest placing a stop at 13325 while initially targeting 13383. Forex markets latest One question forex spread betters will be asking is whether the Euro Dollar rate rising too quickly? With the results of the European banking stress tests due some commentators are asking if the Euro Dollar rate is rising too quickly. The Euro Dollar exchange rate is unchanged on a daily basis with 1 EUR = 1.2895 USD at 8:20 AM in London. The Pound Dollar exchange rate is 0.23% higher with 1 GBP = 1.5301 USD. In a morning foreign exchange market note online forex trading providers Forex Yard ask whether the EUR USD is rising too quickly? With the results of European banking stress tests due soon analysts are wondering if the strong gains in Euro exchange rates are overblown. "The EUR has experienced irregular optimistic movements these past several weeks. Despite a string of negative news releases, the 16-nation single currency continues to make gains on rising risk appetite. "Some of the largest gains have been made against the US Dollar and Japanese Yen. The EUR USD has risen steadily in value and currently trades at 1.2900, while the EUR GBP sits at a present value of 0.8445," say Forex Yard. A number of analysts have been concerned about the EUR's sudden surge since there is little to support such movement. European debt concerns remain, growth continues to lag behind expectations, and the bank stress test results are due this Friday which may reveal just how bad off the region is financially. For the moment, anyways, the EUR continues to enjoy the spotlight while the market awaits the results of the recent stress tests. Risk appetite in the market has surged from a wave of optimism. |
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| Last Updated on Wednesday, 21 July 2010 07:45 |
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.