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 in Australian broker upgrade |
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| Written by Sam Coventry |
| Wednesday, 03 November 2010 14:18 |
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ASX:RIO gets has rating upgraded to Buy. Rio Tinto Plc (LON:RIO) is 0.82% lower on the hour at 4,108.00 at 2 PM GMT. Rio Tinto Limited (ASX:RIO) shares ended their day on the Australian exchange 0.82% lower at 83.39. Brokers E.L. & C. Baillieu have upgraded their rating on the Australian stock to a buy - setting 97.45 as their new target share price. There is therefore a 17% potential upside. Rio Tinto's Australian listed stock had a strong day on the back of the latest news on the China - a key final destination for Rio Tinto produce. The World Bank has raised its growth forecasts for the Chinese economy. The bank warns of risks from the surging property market and bank lending. In its quarterly update, the World Bank says the Chinese economy will grow 10 percent this year, up from an earlier forecast of 9.5 percent. The bank says this is due to strong Chinese exports. Chinese authorities have been trying to shift the economy's focus away from exports, and increasingly toward domestic consumption. But Ardo Hansson, the World Bank's chief economist for China, notes that consumption has weakened this year. "In contrast, we see the export sector, the foreign sector, contributing much more to growth this year than last year partly because the world economy is in so more better shape and because China's domestic economy is slowing a little bit," said Hansson. |
| Last Updated on Thursday, 11 November 2010 16:14 |
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.