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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 Betting Market News
| Spreadex: Dow Jones to open higher |
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| Written by Sam Coventry |
| Thursday, 28 April 2011 10:39 |
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Spread betting company calls Dow Jones up by just 3 points. The daily spread betting call on the Dow Jones index from Spreadex sees a 3 point open in the blue. Spread betting companies use stock futures to ascertain where stock indices are headed, and with a few hours still remaining before market open much can change. Andrew Sykes at spread betting provider Spreadex says: "We are calling the Dow to open +3. The index is currently quoted at 12691 to 12695 with activity somewhat muted ahead of the long weekend. Focus this afternoon will be on the Q1 GDP data due at 1.30 London time along with the weekly jobless claim figure and Q1 personal consumption. The March pending home sales will follow at 3pm. Lots of corporates are scheduled to report Q1 earnings before the market open with the highlights being Coca Cola, Time Warner and Tyco International. The big one is Microsoft, but this will be after the market closes. Meanwhile, another Spreadex trader, David White, updates Spread Betting with the following: "Spreadex is calling the Dow and S&P unchanged from yesterday at 12690 and 1351 respectively, pricing in relatively positive data expected this afternoon to sustain yesterday’s buying at these current levels, though any unexpected change in data due this afternoon could provoke significant volatility." A look at the FTSE 100 we see there is little movement. Yesterday's action came against the backdrop of a couple of high-profile earnings disappointments at the top end of the market (ABF -6%, BARC -5%), a poor day for the mining sector (-2.0%) and still subdued trading volumes, another broadly flat day for the major UK equity benchmarks was a creditable performance. The main contributors to the advance were once again a mixed bunch (travel & leisure +1.6%, pharmaceuticals +1.6%, engineering +1.5%). The small cap internals were similarly mixed with no decisive moves in any of the style trades. More news from Spread Betting 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.