London, England -- (SBWIRE) -- 01/25/2011 -- It can be difficult for a financial spread bettor of any level to admit that they have made a mistake. When a spread betting position starts to move against you, it is easy to convince yourself that the situation is temporary and will soon turn around to put you in spread betting profit. After all, you entered that spread bet (http://www.cityindex.co.uk/spread-betting/how-to-spread-bet.aspx) for a reason. The more the market goes against your spread betting position, the greater chance it has of coming back eventually, surely? Besides, your spread bet has already reached an unrealised loss, what difference would a little more make?

This pattern of thinking can turn relatively small spread betting losses into much larger spread betting losses. It is obviously not impossible to profit from a position of unrealised loss, as the market may well turn around in time. This, however, will quite possibly happen only after the market has reached the point where your spread betting account can no longer afford to keep the trade open.

Instead, you should have a considered, rational system in place before you start spread betting and stick to it. Make sure your spread bet entry, objective and exit are all covered. If you plan to cut your losses at a certain point, make sure you cut them there. If you decide to place your stop losses at certain levels, do not move them any further away from the market price. Ultimately, do not let emotion dictate the way you run your spread betting. This approach will not stop you from making spread bet losses, but it will help to minimise them. For more on risk management on spread betting, go to http://www.cityindex.co.uk/spread-betting/how-to-manage-risk.aspx.

After a spread betting loss

Quite often, a loss can actually be more valuable to your financial spread betting education than a profit. Do not simply put it down to bad luck and move on; think about what happened. Did you move your stop loss to accommodate a potential turnaround? Did you research the spread bet fully? Did you try to let a profit run for too long? Were the signs there that you should have cut your losses earlier? By working out how not make the same spread betting mistake twice, you can tailor your own individual spread betting system to make it more effective.

Losses are part of spread betting, and making money is as much about minimising them as it is maximising your profits. So learn to accept your losses and make them part of your spread betting education (http://www.cityindex.co.uk/spread-betting/education-and-resources.aspx) if you can, but never ignore them.

Find more ways to get the most from your financial spread betting at http://www.cityindex.co.uk/learn-to-trade/.

Financial spread betting carries a high level of risk. For this reason, regardless of your ability to place stop loss orders and interpret the markets, spread betting with any kind of frequency means making a loss from time to time. In the long term, however, the loss itself is less important than the way you hone your spread betting ability in reaction to it.

Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

Contact: Joshua Raymond, City Index Group, http://www.cityindex.co.uk/, Tel: +44(0)20-7107-7002, Email: joshua.raymond@cityindex.co.uk
Jonathan Smith / Alex Nekrassov, New Century Media, Tel: +44(0)20-7930-8033, Email: jsmith@newcenturymedia.co.uk / alexnekrassov@newcenturymedia.co.uk

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Spread betting and CFD trading need no longer limit traders to a life spent in front of a computer screen.

London, UK -- (SBWIRE) -- 04/14/2010 -- City Index (http://www.cityindex.co.uk), a global leader in spread betting, contracts for difference and margined FX, has launched the first live spread betting and CFD trading app for iPhone and iPod Touch. This application is City Trading and it provides City Index clients with full access to their account whenever and wherever they want it. Judging by consumer reaction and more than 27,000 mobile trades since its launch five months ago, the free application appears to have been well-received.

"I now trade CFDs live on my iPhone". "Great app with all the features of my platform and more". "Ideal for monitoring positions while on the move". "I can now manage my CFD trading at work which is fantastic, as my company PC blocks the website". Add a range of 5-star ratings to the positive feedback, and it becomes clear that City Trading is already making significant waves. So what is it about the application that makes it such a useful tool in the world of spread betting and CFD trading?

Joshua Raymond, market strategist at City Index, believes that City Trading's success is based upon the freedom of movement it affords traders. He said: "Giving spread betters the ability to trade whenever they want and wherever they are is completely where we feel the industry is going. No longer are [customers] restricted to trading CFDs and making spread bets in front of the computer." One glance at the glowing reviews for City Trading would suggest that the industry agrees.

CEO of the spread betting provider Martin Belsham agrees: "The launch of the City Trading App underlines our commitment to cutting-edge technology and product innovation. We believe this is the most user-friendly mobile trading app in the market and gives our clients the opportunity to trade what they want, when they want, wherever they want."

The application uses the revolutionary iPhone and iPod Touch to offer users smooth and intuitive access to a number of spread betting and CFD trading features, including the latest prices and market movements; the opening and closing of positions and any pending, completed and cancelled orders.

In City Trading, City Index has delivered the first spread betting and CFD trading application where its competitors simply offer a mobile version of their online trading platforms. City Trading has been developed specifically for iPhone to balance advances in technology with an intuitive design - in doing so delivering an enhanced trading experience and positioning City Index firmly as the best-in-class mobile trading provider today.

About City Index
City Index Group is one of the leading global providers of retail trading services, transacting in excess of 1.5 million trades per month for the group's customers around the world. City Index trading platforms give access to thousands of derivatives on global financial markets, including; Spread Betting, Contracts for Difference (CFD) Trading and margined Foreign Exchange (FX), 24 hours a day, 7 days a week.

The Group trades primarily under the City Index, Finspreads and FX Solutions brands and also provides a fully outsourced white label solution to numerous partners.

For more information, just visit http://www.cityindex.co.uk

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