Using Twitter for Spread Betting – City Index

Spread betting traders use many tools to enhance their trading, from sophisticated charting software to mobile trading iPhone™ apps such as City Trading™ from City Index (http://www.cityindex.co.uk/). One tool that may be underutilised at present is Twitter.

A new study by PhD student Timm Sprenger has found that traders who followed stock market tweets on Twitter over the last six months could have achieved an average return of 15%. With spread betting and CFD trading providers such as City Index increasingly prevalent on the social network, Twitter may fast be becoming the most valuable trading resource at your disposal.

Thousands of stock-related tweets are sent every day. Traders often mark tweets with company stock symbols (for example, posts about British Airways stock may feature “GB:BAY”), which makes it simple to search for related information.

By using mobile tools such as Twitter, combined with the mobile trading apps from City Index, traders can be informed and trade whatever, wherever, whenever.

To find out more about the mobile trading platforms on offer at City Index, visit: http://www.cityindex.co.uk/trading-platform/

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

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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, 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 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/ for more information.