Compare Spread Betting Companies
| Spread betting roundup | | Print | |
| Written by Will Peters |
| Wednesday, 13 April 2011 12:20 |
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Key market moving news for the spread betting trader. US stocks closed lower, the Dow fell 117.5 points at 12,263.6 whilst the S&P closed off 10.3 points at 1,314.2. US stock futures prices are indicating a 44 point gain in the Dow at the NY open. Sterling has risen to $1.6264 but is lower at €1.1211 on concern that lower UK inflation will delay base rate rises. TEPCO President has said that the nuclear reactor conditions are moving gradually towards stability. He wants TEPCO to remain a private entity. ASOS has reported Q4 2011 group revenues of £96.63m; underlying sales rose 24% in the UK and 242% in the USA. The shares rose 106.5p in early trading to 1813.5p. Fresnillo has reported Q1 gold production up 13.3% to 96,407 ounces but silver production declined 2.2% to 10.1m ounces. Pursuit Dynamics has signed a development and distribution deal with Kaercher Futuretech GmbH. Vodafone buys back 6.2m of its own shares at prices between 175p and 177.5p. Rio Tinto's Q1 was hit by extreme weather conditions in Australia, with coking coal output down 12% and iron ore production down 3%. 10 year Irish yields are quoted at 9.02% whilst Portuguese rates have moved above 10%. More spread betting news and insight to follow… |
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.
