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CFD Trading on the Move with City Index(March 02, 2011)
(PRWeb UK) March 2, 2011
Mobile CFD trading has proved extremely popular with those looking to add an extra dynamic to their trading ability. When City Index (http://www.cityindex.co.uk/) launched its first CFD trading app for the iPhone in October 2009, it was downloaded more than 10,000 times before the end of the year. So, if you are not already trading on your mobile, should you be?
Joshua Raymond, Market Strategist at City Index, has nothing but praise for the introduction of mobile CFD trading. Traders traditionally seek out volatility to create trading opportunities, and with this comes quick price changes. It is crucial that a trader is able to react quickly, by both monitoring live prices and trading whenever they see an opportunity, on the go.
There are, of course, additional risks to consider when using mobile trading platforms. The concept behind mobile dealing is to increase your potential to access prices whenever you want, Raymond continues. The disadvantage could be that the more you look at prices moving, the higher is the potential for you to make impulse trades without proper research and analysis.
Some say that mobile trading is unnecessary, and should be ignored in favour of placing stop losses and limit orders from your online trading platform. When you place orders you do so with the current news activity and market conditions in mind. But what happens if, after leaving your computer, the situation changes dramatically? How do you react quickly and correctly to manage your risk? Here, iPhone CFD trading fills a gap that orders placed online cannot.
Any tool that brings a greater level of flexibility to your CFD trading is worth considering. That is not to say you will want to use mobile trading every day or even every month. But iPhone CFD trading could make a valuable difference to your CFD trading in the future.
Find out more about the City Index CFD trading iPhone app at http://www.cityindex.co.uk/trading-platform/iphone-trading-platform.aspx.
Alternatively, if you have an Android device, find out more about the City Index CFD trading app for Android at http://www.cityindex.co.uk/trading-platform/android-trading-platform.aspx
CFD trading is a leveraged product 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 and contracts for differences (CFDs).
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/.
Read the full story at http://www.prweb.com/releases/cfd-trading/mobile-trading/prweb5113014.htm.
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