Spread Betting on the FTSE 100

Spread Betting on the FTSE 100

ftseTrading on the FTSE100 index has always been popular with both experienced spread bettors and those who are just dipping their toe in the water for the first time. Even though the index is rarely as volatile as some of the forex markets for example, a day’s trading can often see large price movements which will enable the astute trader to make decent profits.

The ‘Footsy’ is usually the index that individuals who are new to financial spread betting first start to trade. Most commentators would agree that this index most lends itself to those who use technical analysis to make their trading decisions, as the stability of the companies which make up the index rarely have any ‘nasty’ surprises, well, not as many as some of the companies in the alternative indexes sometimes have!


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No.1 Spread Betting Company for Trading the FTSE100

As the FTSE100 is the most popular index to trade on, it only stands to reason that all of the spread betting companies are competing with each other to obtain as muck of the market as they possibly can. With that in mind, the spreads on offer are all extremely competitive so it is perhaps worth looking at other aspects of what these companies have to offer.

Taking into account that both newcomers and seasoned traders are keen on speculating on the ‘footsy’, the number one spread betting company for trading this index would have to be IGindex.co.uk.

Few people would argue that IGindex.com would be the number one choice no matter which markets were being traded. When you take into account the skills development for all levels of traders, the trading platform as well as the first class client services, anyone who is looking for a company to do business with for trading the FTSE100 would not go far wrong by choosing Igindex.com.

Tightest Spreads for Trading the FTSE 100:

Igindex.co.uk – 1 point

CapitalSpreads.co.uk – 1point

CityIndex.co.uk – 1 point

Intertrader.com – 1 point

Etxcapital.co.uk – 1 point

Tips for Trading the FTSE 100:

It is often said that the FTSE100 is not as volatile as some of the other markets, but that does not mean that there are not some large price movements at times. That is all well and good if you are on the right side of them but not so if the market goes against you.

With that in mind, it is always a good idea to make a note of any news announcements before you enter a trade. There are plenty of recourses online which will notify you of the times of any announcements, not just for the companies who are involved in the FTSE100 but also any announcements in general which may affect the economy. If using IGindex.com though, they have an informative Economic Calendar which their clients can access and which will tell you everything that you need to know in terms of any important announcements.

You should also be aware of any big announcements in the US as these can also have an impact, the non-farm payrolls announcements being a case in point with many traders choosing to stay out of the market until after this news is released such is the volatility that often follows an overly positive or negative set of data.

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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