Using Financial Spread Betting to Trade Oil With City IndexBy City Index, PRNE
Wednesday, June 22, 2011
LONDON, June 23, 2011 -
86 million barrels of oil are produced every single day, which
makes it a very desirable commodity market to trade. In fact, it is
the most-traded non-financial commodity in the world. Many traders
are choosing to speculate on oil through href="\\lonpivdocs\redocs\2011\financial spread betting platforms">financial
spread betting platforms, such as City Index ( href="www.cityindex.co.uk/">www.cityindex.co.uk/).
Here, the spread betting and CFD trading provider takes a look at
why financial spread betting is an ideal way to trade oil.
An advantage of spread betting in general is that it allows
traders to profit from a falling market as well as a rising one.
With a market as volatile as oil, the ability to short sell can be
crucial, as it provides you with more opportunities to react
effectively to sudden price movements. However because spread
betting is a leveraged product, you can lose more than your initial
spread betting your trades are monetised in your base currency
rather than the underlying market currency - typically US dollars
for oil - so your exposure will only ever be in sterling. This
makes planning your entry/entry/stop loss points simpler than if
you had to factor foreign currencies and exchange rates into the
To find out more about spread betting oil with City Index, as
well as the other range of markets available to you, visit:
Spread betting and CFD
trading are leveraged products which can result in losses
greater than your initial deposit. Ensure you fully understand the
About City Index:
Today more and more individual traders are discovering the benefits
of derivatives, and many of them are discovering them through a href="www.cityindex.co.uk/trading-platform/">City Index
As a group, we transact in excess of 1.5 million trades every month
in over 50 countries worldwide. We provide access to a wide range
of instruments including margined foreign exchange, href="www.cityindex.co.uk/cfd-trading/">CFDs and, in the
UK, spread betting.
We constantly look to 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
support. For more information visit href="www.cityindex.co.uk/spread-betting/">www.cityindex.co.uk/spread-betting/.
Contact: Joshua Raymond, City Index, +44(0)20-7107-7002, joshua.raymond[at]cityindex.co.uk
Tags: City Index, June 23, London, United Kingdom