LONDON, April 11, 2012 /PRNewswire via COMTEX/ -- Through the City Tradingâ„¢ app from City Index, traders can easily and securely trade on-the-move from wherever they are, whenever they want.
As the first live spread betting and CFD trading app, City Trading is a professional mobile trading platform which can be accessed via iPhone, Android and Blackberry devices - and is completely free to download.
Since 2009, those spread betting with City Index have been provided with full, secure access to their spread betting and CFD trading accounts and trading platform.
In this time, the City Trading app has been extensively developed; offering traders full and secure access to their accounts and the trading platform at a time to suit them.
Now, in 2012, the app also offers a professional charting package; an excellent trading tool for traders at all levels.
What many traders, including myself, like about mobile trading apps is the potential to trade an opportunity as we see it; trading on-the-move with a mobile trading app can be the difference between netting a profitable trade or a losing one as you can always be on top of market moves.
In addition, traders can receive full account access, in the same way they would via their browser-based trading platform, safe in the knowledge that all trades are being placed securely.
Mobile Trading Risk
However, it is important that before you trade using the City Index mobile trading platform, that you consider the risks involved.
In the same way that spread betting's low margin feature is a double-edged sword; so is the heightened access that you receive through mobile trading apps such as City Trading.
Heightened access could lead to a false sense of confidence whilst trading, resulting in impulse trades as opposed to following your trading strategy.
As is the case across all trading platforms, a solid trading strategy with extensive risk management tools in place is imperative to your trading success.
Your online trading strategy must incorporate thorough research and analysis of your chosen markets, prior to placing a trade, to avoid potential losses.
Summary
Traders are able to trade on-the-move from wherever they are, whenever they want, with the City Index spread betting app.
It is imperative that clear guidelines are put in place - through your trading strategy - prior to placing a trade. This will allow you to benefit from extra time in which you can focus and react to quick movements in a market's price.
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 in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.
SOURCE City Index
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