ETX Capital Offer Trailing Stop Orders
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ETX Capital, a leading spread betting and CFD firm, has introduced trailing stop orders to its spread betting and CFD accounts.
In a move that is anticipated to be widely welcomed by the firm's clients, ETX Capital will now allow clients the ability to place trailing stop orders. This will help spread betting account holders lock in their potential profits from volatile markets and manage their spread betting and CFD gains, and the many associated risks, more effectively.
Through the use of a trailing stop loss order clients will be able to trail a stop behind a position. The use of a trailing stop order maintains a stop loss order at a specific percentage point below or above the market price. With a trailing stop loss order the stop does not remain static and will continuously change based on fluctuations in prices.
For example, if a client were to buy the FTSE 100 at a price of 5944/5945 with a trailing stop distance set by the client of 25 points then the stop loss order will be placed at 5920. The trailing increment, set by ETX Capital, would be 20 points. If the FTSE 100 were to then rise to 5984/5985 the stop would also move up by 40 points to 5960 and would continue to do so for every 20 point move upwards in the market.
If, however, the market were to drastically fall and the price dropped back down to 5944/5945 then the trailing stop would have been activated and the position would be closed at 5960.
According to ETX senior trader Manoj Ladwa, the introduction of trailing stop loss orders will be highly beneficial, with both new and existing traders being able to profit from volatile markets. Ladwa was, however, mindful to remind customers that it is also possible to lose more than the initial amount deposited when spread betting and CFD trading with a trailing stop loss order.
"With our successful launch in Germany and planned expansion into the French and Italian markets, ETX Capital are making it easier for our UK and European clients to profit in different ways from CFD trading and spread betting. The introduction of trailing stop loss orders can help both limit losses and aid in obtaining gains for our clients".
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Spread betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit.
Only trade with money that you can afford to lose and make sure you fully understand the risks involved.
These trading products may not be suitable for all investors so seek independent advice.
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"ETX Capital Offer Trailing Stop Orders" last update by R Thomas, 07-Dec-2011
Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.
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ETX Capital, a leading spread betting and CFD firm, has introduced trailing stop orders to its spread betting and CFD accounts. In a move that is anticipated to be widely welcomed by the firm's clients . . . read more - ETX Capital Offer Trailing Stop Orders.
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