Greater London, England -- (SBWire) -- 03/11/2011 -- Even if you monitor your spread bets constantly, it is always good to have contingency plan in case of unforeseen circumstances. You could have a power cut, your internet could fail, your computer could crash. There are several things that could prevent you from accessing your spread betting platform at a crucial juncture. Spread betting provider City Index (http://www.cityindex.co.uk/) shows you how to build your back-up plan:
Financial spread betting providers offer an extensive range of order types to add greater flexibility to your trading. Stop losses and limit orders are trading tools that allow you to automatically open, close, or amend your spread bets at predetermined prices. These should be used by all traders, regardless of whether they expect something to go wrong with their computer or not, because you never know what is going to happen to the markets.
If you cannot access your trading platform on your computer for some reason, consider accessing it on your phone. City Trading™, the live spread betting iPhone™ app from City Index, offers all the key features of an online trading platform. The iPhone and other smartphones are constantly connected to Wi-Fi or 3G, so you should be able to access the platform and execute a trade within moments. The app is also available for Android, Windows 7 and BlackBerry phones.
If you have not yet joined the smartphone revolution, your phone can still be used for trading. You can call most spread betting providers’ trading desks direct to place spread bets or orders over the telephone. Although a useful option, this is a less instant way of spread betting than mobile or iPhone trading platforms. That said, you can never have to many contingency plans, so always keep your spread betting provider’s telephone number written down just in case. The City Index trading desk can be contacted at 0845 355 0801.
To learn more ways to manage your spread betting account, view a City Index webinar at http://www.cityindex.co.uk/learn-to-trade/webinars.aspx
To keep up with the latest market developments, read City Index’s daily market commentary here: http://www.cityindex.co.uk/market-analysis/market-commentary.aspx
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.
About City Index
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. For more information, visit http://www.cityindex.co.uk/trading-platform/.
Do You Have a Spread Betting Back-Up Plan