Oil Spread Betting

You can see from our open positions of spread betting this oil market is very volatile. It's not going our way for the time being but at least I have my stop loss in place to protect me. As well as trading, you also have the ability to place new orders and what that means is here for example in gold, you might not wish to trade around this level at the moment. Here is the price of gold, you buy or sell around 1,400, but you may not be happy about doing that. You may wish to buy gold, but not buy gold at this level.

You may want gold to fall a bit before you go along. You can place an order, and that's called a new order, again it brings up a similar screen to the one we saw with the stop loss. We can elect to buy or sell at a different price to where the market is currently trading.

>>> Bell the cat to be a billionaire – through spread betting