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: GBP in focus |
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| Written by Will Peters | |
| Thursday, 29 July 2010 09:45 | |
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A roundup of technical insight and views from the forex spread betting and forex trading industry.
"On technical grounds, the Pound's ability to hold above the 200-day moving average was also an important element, with a challenge on technical levels above $1.5620 before a limited correction," says Adam Solomon at forex brokers Tor FX. Easy Forex, providers of forex trading solutions, say, "The GBP USD pivot point is at 1.5565 with a preference to enter Long positions 1.5565." Delta Index, the forex spread betting firm, points out that EUR GBP charts have seen a MACD Crossover. "Signal: Sell @ 8334, Stop 8466, Initial target 8073," say Delta. Forex Metal Traders, the online forex trading company, provides some technical pointers on the EUR USD: "The pair is aiming to the second level of Fibonacci retracement of 38.2% at 1.31133, if 1.30277 is broken. Resistance is at 1.30277, 1.32285, 1.34334 while support is at 1.28630, 1.27009, 1.25690. Easy Forex say the EUR USD pivot point is at 1.2965 with a preference to enter into Long positions at 1.2965 Delta Index also flag up the EUR CAD. The pair has witnessed a MACD Crossover, which according to Delta signals a sell at 13488 with spread betting players encouraged to place a stop at 13523 while setting an initial target 13440. |
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| Last Updated on Thursday, 29 July 2010 09:47 |
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.