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. |
| Rio Tinto Plc, Anglo American Plc: Strong Buy signals |
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| Written by Sam Coventry | |
| Wednesday, 14 July 2010 08:34 | |
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Spread betting provider Delta Index say that with charts turning bullish once more Rio Tinto Plc and Anglo American Plc are both worth looking into.
A spread betting technique Delta are particularly fond of is noting MACD crossovers - where MACD stands for Moving Average Convergence / Divergence, a technical analysis indicator used to spot changes in the strength, direction, momentum, and duration of a trend in a stock's price. The Rio Tinto charts have turned bullish and Delta have suggested a Buy at 3118 with the spread betting participant placing a stop at 2919 with an initial profit target set at 3510. Rio Tinto shares are higher by 1.05% at 3,168.00. Anglo American has also turned bullish from the MACD crossover perspective and as a result Delta say take a long spread bet at 2398, place a stop at 2292 and set an initial target 2605. Importantly for Anglo American, one of its core base commodities has also given a Buy signal. Platinum prices have indicated a MACD Crossover, and Delta advise a Buy at 1528, stop at 1510 with an initial target set at 1559. The FTSE 100 (INDEXFTSE:.FTSE) is higher by 0.08% at 5,275.16 this morning. "Cautious trading among FTSE 100 components this morning kept the index below 5300. Many investors are waiting for the index to reach this ‘green-light to buy’ level, and we are hoping a good unemployment report can provide the fuel to break through this barrier," reports Chris Purdy at spread betting providers SpreadEx. "We saw some decent, if not solid, reports at the open from Rio Tinto, JD Wetherspoon and LSE, but investors still seem hesitant, even on the good sentiment from Asia after Intel’s report. "US retail sales expectations are not a source of optimism, so corporate earnings will again be the crutch for afternoon trading." |
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| Last Updated on Wednesday, 14 July 2010 08:37 |
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.