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. |
| Spread bet on your iPhone? Just place orders instead |
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| Written by The Virgin Spreader | |
| Thursday, 21 October 2010 13:22 | |
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Reading a PR note from Joshua Raymond, market Strategist at financial spread betting provider Finspreads, it is clear that not all agree with me. The argument for mobile spread betting put forward by Raymond is not convincing: "Mobile trading platforms are fantastic. They allow you to keep abreast of the markets wherever you are, whenever you want. With many markets available to trade 24 hours a day, and especially since the markets have been volatile recently, it is imperative that you can react with just a few clicks of a button." To his credit Raymond does recognise that spread bettor's are likely to be tempted into making rash trades by their iPhone, and he has a suggestion. According to Raymond one way of getting around the impulsive dangers inherent in iPhone spread betting could be to dedicate more time to your spread betting analysis. "You should always analyse your market carefully before spread betting, regardless of whether you ultimately execute your spread bet via a mobile, iPhone or online trading platform," says Raymond. Another solution is to know your prices: "Acting on emotion is never a good idea, so knowing price objectives, entry points, exit points, risk-reward ratios and which stop loss to use for every spread bet you make will help you to approach your mobile trading or iPhone spread betting with a level head." So the idea is to do more analysis and know your entry and exit points. Then, instead of wasting time on a mobile app why not just place orders? Do your analysis, choose your entry and exit points and place an order before leaving your computer. Remember, the best way to minimise your risk in moblie spread betting is to not get involved at all. |
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| Last Updated on Thursday, 21 October 2010 13:26 |
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.