This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 5 Spread Betting Tips For Trading Forex By The Spread Bettor

LONDON, April 23, 2012 /PRNewswire/ --

Spread betting on the future price movements of a currency pair offers multiple benefits to traders both new and experienced; from tighter spreads to greater leverage, allowing for substantial gains from small movements in the market.

The following guide offers an overview of the foreign exchange market, as well as our top five spread betting tips.

Spread Betting Tip: Research

Forex, also referred to as foreign exchange or simply FX, is one of the most traded financial products.

It provides attractive opportunities for traders, even during volatile market conditions.

For many traders, spread betting offers an affordable gateway into the world of stocks, shares, equities and currencies - such as forex.

Spread betting with City Index requires you to deposit only a small percentage of the total value you wish to trade, allowing you to trade across a wide range of major and minor currency pairs.

Spread Betting Tip: Strategise

Consider a plan including your personal profit goals, maximum risk allowance, trading strategies and evaluation criteria.

Trading on impulse can heighten you risk profile, leading to potential losses, so a solid plan and spread betting strategy will help you to prevent heat of the moment decisions.

Spread Betting Tip: Analyse

It's important that before you begin to trade you're familiar with both technical and fundamental tools so you can trade more effectively.

Preparation for potential movements in the market based on trends and/or news as well as learning your best approach to gain a more comprehensive overview of each currency pair.

The live markets are influenced by global, social and economic events so to be in a much better position opening new trades or exiting positions; follow daily events. If you hear about a trade of interest, do your own research making sure you're taking a self inspired view rather than one based on rumors.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs