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Spread Betting Market News
| Spread betting targets: Apollo and BT Group |
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| Written by Will Peters |
| Thursday, 28 April 2011 10:45 |
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Delta Index provide Spread Betting with their morning targets. This morning Delta Index have their sights set on Apollo and BT Group. Both companies have given bullish chart indicators, and therefore could provide spread betting traders an opportunity for gains. Delta say: "Apollo - MACD Crossover. But Apollo at 4068 and set a stop at 3907, an initial target is set at 4364. "BT Group - MACD & Triple Moving Average Crossover. Signal: Buy @ 194, Stop 188, Initial target 207." Elsewhere on the spread betting scene Spreadex had called the FSTSE 100 higher, spread betting companies are able to base these calls on stock futures action. "FTSE opens +20 at 6088 after the US surges on Bernanke’s statement. The new FOMC format offering transparency and a reassuring performance in the press conference appears to have bolstered confidence in Bernanke and the Fed’s strategy for managing the US recovery and this confidence spilled over into Asia overnight," says a spread betting note from Spreadex. Mining stocks are leading the charge as the jump in metal prices overnight continues this morning; Antofagasta +2.65%, Fresnillo +2%, Kazakhmys +1.76%. Fallers this morning include Whitbread -4.5%, Unilever -2.86% and Astrazeneca -2%. All three companies reported earnings this morning with Unilever largely in line, Astrazeneca beating estimates and Whitbread perhaps disappointing the market though their statement suggests they are confident they will continue to outperform. |
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.



