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Day Traders Enjoy 50% Lower Margins at City Index
Oct 01, 2011 (08:10 AM EDT)
LONDON, October 1, 2011 /PRNewswire/ --
The award-winning spread betting provider designed Day Trades specifically for traders who hold their positions only during short-term market movements. Margins start from just 2.5% on leading equities such as BP, Tesco and Vodafone and from 3.75% on Anglo American, Antofagasta, Aviva, Rio Tinto, Vedanta Resources and Xstrata.
What is Day Trading?
Essentially, day trading means never holding your spread betting positions overnight. In practice, day traders often place numerous spread bets during the day, focusing on narrow spreads and markets with plenty of movement, and generally only keeping positions open for a matter of minutes or hours.
Apart from avoiding overnight financing rates, a positive side effect of this trading style is the reduced risk in not leaving oneself vulnerable to potential losses that can occur in the hours while the stock market is closed; any news and events set to shape to next day's opening prices will not affect a day trader's capital.
Find out more about Day Trades at City Index at:
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
* As compared to standard equity spread bets at City Index.
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 worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial 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. Visit http://www.cityindex.co.uk/spread-betting/start-spread-betting.aspx to find out more.
SOURCE City Index