What is Your Spread Betting Back-Up Plan?

What is Your Spread Betting Back-Up Plan?

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.

POST COMMENT

Slr makes international acquisition hat-trick HCG NYC-reason for choosing this Be Different From Your Neighbors – Buy Unique Candle Holders Manual Vs TRV Radiator Valves How do free trials work? Bumper Scratch Prep Bring Sandstone into Your Life Arranging for Bail bonds in Georgia Are you looking to invest in UK property? Details of Bail bonds Michigan The Magic of Reishi What you need to understand about Master Resale Rights Explain about Student Abacus