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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. |
Spread Betting Market News
| FTSE 100 tests upper end of recent range |
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| Written by Will Peters | |
| Tuesday, 17 August 2010 09:24 | |
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Insight for those looking at spread betting the FTSE 100 from Simon Denham at Capital Spreads.
Simon Denham at Capital Spreads gives his technical insight to those looking at spread betting the FTSE 100: "The FTSE 100 is looking to open at the top of the range (again) as investors look for a break above 5305/15 once more. One wonders how many times we can have a go at the same level without success. "As with the 5415/25 resistance in Late July/Early August we seem continually of the verge of breaking higher but never quite manage it. Clients are selling at the highs in pre-market trading (unsurprisingly) hoping for a repeat of the last three sessions. This is a dangerous game to play in too big size but on past performance is a natural reaction. "There may be an attempt on the open to push us higher and take out some weak shorts but if we have failed to make headway by the US open then sentiment may begin to turn against the bulls. "As mentioned yesterday resistance is at 5305/15 and 5355/65 and support at 5225/35 and 5170/75. Oddly enough the tight support/resistance levels of pretty much exactly defined yesterday’s range and so it is not a massive leap of faith for day traders to try the same today." |
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| Last Updated on Tuesday, 17 August 2010 09:26 |
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.