What is Financial Spread Betting?
Spread Betting is a form of trading in which you bet on the price movement of a share, index, bond, commodity or currency. It is a way of participating in the stock markets without actually owning any shares. You pay no fees or commission and all earnings are tax free.*
To familiarise yourself with some of the features and services available through TradIndex.com, click on the arrows or the tabs to take a short tour.
Let's get Started!
On TradIndex.com you can spread bet a wide range of products.
Click on Stock Indices from the home page to see our full list of Stock Indices. - Select the Index you would like to trade.
Market options
Now it’s time for you to make your decision on which way you feel the market will move. You can speculate either a daily contract or a futures contract. The daily contract will expire at the end of the trading day. The futures contract runs until the expiry date shown on the site.
When you have made your decision, simply press the Sell or Buy button to get going. - The prices you see should update automatically if you are logged in as an Investor. If you are a Player you will have to click 'refresh' to update the prices.
Dealing ticket
For the purpose of this tour, we will assume that we are buying the Nikkei Future for £3 per point. You clicked on the ‘Buy’ button of the daily contract to get here. Now we enter the details of the trade. You need to complete the following 4 steps on the order page:
Select a �/Tic amount to determine your trade size.- Select the distance from your trade level to the stop level in tics.
- Decide between a Market and a Limit Order.
- Check your trade and click ‘Confirm’.
For help with technical terms, see our Glossary
Portfolio
After completing the order page you will be taken to the ‘Portfolio Manager’ page where you can alter or monitor your transaction. For the purpose of the tour you decide to move your stop loss.
Select the [+] box next to the Nikkei Future contract to view the details. - Select the ‘Stop’ column figure
Move Stop Loss
The contract will expand and enable you to move your stop loss (assuming you have sufficient available funds) by simply deciding on a new stop level. Select 'Confirm' to secure the change. This will take you back to the standard ‘Portfolio Manager’ view which will reflect the changed trade.
Enter new Stop Loss- Select 'Confirm'
Current Price View
You may wish to alter the current price view of your contracts from current mid to current bid/offer in order to reflect your actual position. To do this, simply select the ‘Current mid’ link above the contract.
Select the ‘Current mid’ link
Close a Trade
Each contract carries an expiry date that is clearly displayed on the site. However, you can choose to close your trade at any time by selecting the ‘Close’ button on the contract. If you elected to buy the Nikkei Future, you can close the trade by selling. Simply click on the ‘Confirm’ button to close the trade. You will then be taken back to the standard ‘Portfolio Manager’ view that will now include details of the day’s closed trades.
Select 'Close' button- Select 'Confirm'