Compare Spread Betting Companies
 |
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. |
| Spot Gold prices soar once more |
 |
 |
 |
| Written by Sam Coventry |
| Monday, 25 April 2011 14:53 |
|
Latest commodities spread betting insight and news. Gold prices gapped higher through resistance at $1508.95, the 200% Fibonacci extension of the 3/7-3/15 downswing, to challenge the top of a rising channel in place since mid-March. Spread betting traders will note that a break above this boundary exposes the 238.2% Fib at $1533.44. The 200% Fib level has been recast as near-term support. Precious metal prices soared in overnight trade following a report from Century Magazine that claimed China plans to invest some of its more than $3 trillion in FX reserves in various assets including energy and precious metals. PBOC chief ZhouXiaochuan has said the current build-up has exceeded “reasonable” levels, while independent reports have pegged the “right” amount of FX reserves for China at no more than $1.3 trillion. On balance, this hints a substantial amount of capital is due to enter commodity markets, suggesting prices will continue to press higher over the near term as traders returning from the long holiday weekend digest overnight news-flow. Elsewhere on the spread betting markets we note that brent crude prices are on pace to test the April 11 high at $113.44, a barrier reinforced by support-turned-resistance at a rising trend line set from the lows in mid-February, with a breakout to the upside exposing the $115.00 figure. Initial support lines up at $109.37, the 23.6% Fibonacci retracement of the 3/16-4/11 advance. Risk sentiment trends remain in focus for spread betting traders, with short-term correlation studies pointing to the strongest link between the WTI contract and the MSCI World Stock Index in four months (0.71). With that in mind, S&P 500 stock index futures are pointing higher ahead of the opening bell on Wall Street, hinting the path of least resistance favors the upside over the near term. With that in mind, a sharp rise in Treasury yields ahead of this week’s 2-, 5-, and 7-year bond sales amid fears that the recent S&P downgrade of the US’ credit outlook will boost borrowing costs may prove to weigh on sentiment. |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
Advertisement
More Reading: Spread Betting Blog
Spread Betting From a Beginners Perspective.
> Leveraged trading continues to grow in popularity
> The practice account and dreams of 1 hour working days
> Vist The Spread Betting Blog
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.