Spread betting is a common practice when people try their hand at trading the markets; it is used to speculate on the price movements of thousands of financial markets such as shares, indices or currencies. Spread betting is risky however and you could lose more than your initial deposit if you don’t employ risk management tools such as guaranteed stop losses. If you are not willing to risk losing some of your investment capital in the process of trading, then spread betting is definitely not the business for you. Since spread betting is so common today, trading companies and developers are creating software and applications to make trading easier for the many traders across the world.
This form of trading (spread betting) involves analyzing many aspects of a particular market, and speculating on its future price value. The practice of spread betting involves risk management, which means you need to evaluate the risks of trading a particular market by looking at its past performance as well as understanding how much money you are prepared to risk by trading this market. Typically, investors and traders look to buy markets which are low priced with a very bright future and little risk of losing investment. No market is easy to speculate on, meaning it takes plenty of practice and patience to learn how to invest wisely.
Since the creation of the spread betting app by companies like City Index – who were the first to develop a live spread betting app – traders can spread bet from wherever they are, whenever they want. These applications make life much easier for the trader. These companies have realized that many traders own and utilize smartphones; meaning they would be very likely to utilize a mobile version of spread betting as it would help them to trader better in the long run. These are some of the benefits that these applications offer:
- Check prices and movements within the market in real time, whenever or wherever you desire to check them.
- Open and close trades of thousands of different markets.
- Access live news from Dow Jones, while also viewing live charts.
- Set closing orders on your trades, such as stop losses and limit orders.
- Create multiple watch lists to monitor or trade specific markets more quickly
In order to utilize a trading app, such as the spread betting app offered by City Index, you will need to sign up for an account with the provider. Without an account, you will not be able to trade. With City Index, you will need to apply for an account, which does not take more than 5 minutes. Your account should be up and running shortly after the application has been completed. Once you your account is open, you will need to deposit money to fund your trading. Investment capital is required, so be sure that you have it set aside for trading. There are thousands of markets that are offered by City Index within its trading application, so you should be able to pick the right market for you to start trading..