ShortsandLongs Charts
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Please note that ShortsandLongs has now been integrated into Spreadex.
For the latest review, please see Spreadex.
Spread betting company ShortsandLongs has upgraded its trading platform with a slick, new charting package – after results from a survey of spread bettors showed graphs to be the number one requirement for online traders.
ShortsandLongs, which launched in October 2008 as the only spread firm offering Free Guaranteed Stops to all members on all markets, collated answers from more than 750 UK traders.
Survey Shows Charts are the Spread Bettors Most Important Tool
And a massive 75.6% of those questioned said that charts were the most important tool for them when attempting to profit from share, indices, FOREX or currency trading.
Spokesman Andy MacKenzie said: “Our Free Guaranteed Stops have proved extremely popular as they give spread traders ultimate confidence in knowing their maximum downside to any trade placed, while still allowing them to enjoy open-ended winnings.
“However, we are always striving to improve our product and we were keen to speak to investors to find out exactly what was important to them when trading the markets.
“It seems that spread bettors, whether they are experienced traders or just starting out, like to use detailed technical analysis to draw up key support and resistance levels in their chosen financial instruments before taking up their positions.
“Charts were identified as the number one ‘must have’ followed by tight spreads, a reliable trading platform with fast executions, guaranteed stops, mobile phone trading and 24 hour dealing. Our customers have four of those benefits already and we hope to introduce the remaining two very soon.”
The survey showed that 93.2% of respondents were male with 40.3% aged between 40 and 54 and 34.7% aged over 55. Only 3.9% were aged under 25.
53% said they had been spread betting for more than a year, while 31.3% said they had been spread betting for less than 12 months.
The main reason for undertaking spread betting was listed as the ability to profit from falling markets. Paying no stamp duty or capital gains tax on profits was second and the ability to trade in multiple world markets from one account, the third.
As a final note, nearly a third of those questioned said they believed the current UK recession would continue until June 2010.
Free Guaranteed Stop Orders
To enable clients to set risk levels with confidence, ShortsandLongs offers totally free guaranteed stop orders (other providers may charge a premium). This protects clients against 'gapping through' both overnight and in times of volatile market movements.
For more information about the spread trading markets offered see: ShortsandLongs Markets.
Market Regulation
ShortsandLongs.com is a trading name of Spreadex Limited, which is authorised and regulated by the Financial Services Authority.
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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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Note that opening a ShortsandLongs Account is subject to suitably and possible credit checks. See site for details.
"ShortsandLongs Charts" last update by R Thomas, 27-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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