Win an iPad with ETX Capital

ETX Capital has just launched an exciting new addition to TradeEdge featuring Head of Trading, Joe Rundle. Joe will be running an open trading portfolio starting today for the next four weeks whilst writing his new daily blog Trading places.

You will be able to see how Joe runs winning trades and limits losses whilst sticking to strict risk management rules. Joe will be noting everything down from bringing in profits to how it feels taking losses.

To access Joe Rundle’s trading platform and view Joe’s trades and trading history, you can log in to the ETX Capital platform using the below details:

Username: Tradingplaces
Password: ETXCapital

ETX Capital are celebrating the launch of their new iPad trading app by giving their clients the opportunity to win a brand new iPad! Over the coming weeks ETX will be hosting four competitions giving away an iPad with retina display each week.

Follow Joe’s trading journey and enter ETX’ exclusive competition open to clients only to guess Joe’s weekly closing PNL. The closest guess will win an iPad! The competition will start the week commencing 22nd April 2013 with further details to follow in the coming week.

In the meantime, you can win a free iPad with retina display in ETX’ next Facebook contest.

Starting tomorrow, you will have the chance to win a brand new iPad by ‘liking’ the ETX fanpage and correctly answering this week’s question:

What will be the UK 100 level at 16:30 GMT on Friday 19th April 2013?

Your prediction needs to be down to one decimal place to be considered, for example: 6250.5. If you have already ‘liked’ the ETX Facebook page, you can enter straight away! Simply add your prediction in a comment to the post to submit your answer.

Want to make an extra prediction? If you ‘share’ the post on Facebook, you can earn yourself a second prediction on what level you think the UK 100 will be. That’s two free chances to win a brand new iPad!

This contest is open to everyone and it does not require you to have an ETX Capital account, please bear in mind that terms and conditions will apply. For more information on the competition’s terms and conditions click here.

The competition will close at 15:00 GMT on Friday 19th April 2013, so you will need to post your predictions before then.

Nevada Legalised Online Gambling; Happy Zynga

At the end of last week, Nevada became the first state in the US to legalise online gambling within its borders. Gambling had been effectively outlawed as of April 2011 with major US gambling sites (Full Tilt Poker and PokerStars) being shut down a few months later and millions of dollars frozen in player accounts. Since then, individual state governments have been on a tax offensive, attempting to regulate the industry in a way that brings in revenue for a country recently crippled by the financial crisis of 2008. And now it appears that they may finally cracked it, with Nevada signing this historic bill and New Jersey to follow closely behind.

This new legislation is termed ‘inter-state’, meaning that the bill works across multiple states; but that doesn’t mean that gambling is opened up to anyone. Individual states will have to sign an agreement with Nevada in order for their players to gamble with players from other states. While this does mean that the process of legalising gambling in the US isn’t quite there yet, the momentum will likely pull in several other states over the course of the next year.

So what does this mean for Zynga (ZNGA) and potentially other online casinos/poker rooms, like Full Tilt Poker? Well you might remember that in December 2012, Zynga signed a deal with Nevada for a gambling license; exciting news for investors that saw the stock price jump by 7%. With this latest move, the reality of Zynga breaking the real money gambling market in the States is that little bit more likely; an industry worth billions of dollars each year.

Spreadex Gets A Makeover

The spread betting market has seen several big rebrands over the last 12 months with IG Index moving to ‘IG’, Finspreads getting a complete overhaul and Capital Spreads stripping back their design to something far cleaner. Spreadex has followed suit, but this time on a much more modest scale. The site has updated its design to include a mascot amongst other things, and has revamped certain areas of their sports and financial spread betting sections. If you’re not familiar with the spread betting platform, take a look at this brief review:

Spreadex began trading in the year 2000 and have since built a very competitive and successful financial spread betting product. Spreadex has featured in the Sunday Times Profit Track 100 for three years running and are unique in that they are the only company to provide financial and sports spread betting from the same account.

For financial traders, Spreadex offers all the standard markets, FX, Shares, Bonds, ETFs, Commodities, Indies and even Options. However they have carved a niche into the spread betting market as they are one of the few firms to offer a comprehensive small cap stock service, for any firm with a market cap of £1m+. So if you want to trade AIM, Spreadex are the company to look for. Credit is also widely available and margin requirements can be as low as 5% or less (dependent on your own financial circumstances). While this does increase your risk, low margin requirements give you the chance to bet without the need to liquidate your current portfolio.

Spreadex won Best Customer Service in the highly-regarded Investment Trends awards for the last two years. And they have an experienced dealing desk which is only a telephone call away. The company is also much more competitive than they used to be with most spreads being in line with the rest of the industry (view our full market comparison). Their platform is also excellent and is fully-customisable to your requirements with mobile access from the App Store.

Overall Spreadex is at least worth a look. They may be a smaller firm, but they have a competitive offering and know how to look after their clients.

ETX Capital Launches New iPad App

ETX Capital have recently launched a new iPad trading app which is available to download for free in the App store!

We don’t believe in innovating for the sake of it which is why our iPad app has been specially developed by traders for traders after carefully listening to client feedback.

The new iPad trading app gives you the flexibility to take advantage of every market move: effortlessly open and close trades, monitor positions and more whilst you’re out and about. With a simple multi-pane layout, unique drag and drop functionality and dynamic Trade-through Charts, ETX Capital’s intuitive iPad app makes trading on the move even easier.

  • Open and close trades – place a trade in an instant with one tap trading and trade directly from the chart.
  • Monitor your positions – monitor open positions and key markets with ease. Simply drag and drop markets into your customised watchlists.
  • Access thousands of live prices – quickly swipe through your account to access our entire market range.
  • View your portfolio, balances and P/L – with 24-hour access to your portfolio, account balance and trading and transaction history.
  • Set limits and OCOs – the ETX Capital iPad app provides all the trading functionality of the web platform which means it takes only seconds to add and amend your stops and limit orders.
  • Trade-through Charts with technical analysis – dynamic Trade-through Charts allow you to trade directly from the charts. Technical analysis indicators are also included such as: Moving Averages (MA), Bollinger Bands (BB), Moving Average Convergence Divergence (MACD) and Stochastics.

ETX Capital’s iPad app let’s you seize every trading opportunity. You can download the app today or find additional information on our new iPad app on our website.

Spreadex Strengthens its Client Base with Acquisition

Spreadex announced in a press release earlier in the week that they had acquired Cantor Index’s non-equities client base. The news comes after the St Albans-based spread betting company reported pre-tax profits of £11.5 million. Cantor Index will continue to operate as an equity-only trading platform, however the acquisition will come as a knock to their position in an evermore competitive financial spread betting market.

Acquisitions are nothing new to Spreadex, last year the company purchased the client-base of MF Global and; Managing Director, Jonathan Hufford stated that “these are exciting times for Spreadex and we have other plans to further expand the company into 2014 and beyond.”

This move will see Spreadex eat up some more market share, however the company is still a long way off the industry leader, IG Index, who currently dominate with over 40% of the client-base.

Do All Tech Stocks Follow The Same Volatile Pattern?

As we wrote last week, tech companies are without a doubt the most exciting investment of the 21st century. Technology is rapidly becoming a market layer as opposed to an industry in itself; technology can and must be used across most types of sectors and that list of sectors is growing. Tech is easily distributed and cheap to manufacture which also makes it very scalable; and this contributes to a tech company’s ability to grow rapidly.

But tech stocks over the years have shown a very interesting and surprisingly common pattern that seems unique to the industry. The below share price charts show 7 major tech stocks (software and hardware), that have either existed before mainstream web usage (we’ve set this cut-off as the year 2008) or have held an IPO during mainstream web usage.

All major tech stocks that we looked at went through a similar pattern: rapid growth or a high-priced IPO and then a rapid drop in share value. It seems that investors consistently over anticipate a tech company’s potential to grow and therefore overvalue the stock resulting in a bubble-effect; perhaps this is an inevitable learning curve of a new industry – but judging by this, I would be reluctant to invest in any that hadn’t already suffered a dramatic share price decline.

Is Tech The Best Investment… Indefinitely?

The 2001 dot com bubble still resonates with a lot of investors. Tech stocks are seen as a ‘too good to be true’ market with many speculators assuming that fast growth means false growth. Sure, we’ve seen it with Zynga and Facebook but the reason for their initial failure was down to their creation of an entirely new market – it’s just a learning curve.

More markets will be created, and more markets will be over-anticipated but tech will grow and so will the opportunities for investment. The fact is, software, cloud and web-app technologies are being adopted across all industries and this trend will continue. Technology will not be an ‘addon’ for business, it will be a layer for business.

So what is the point of this short piece?

You should be considering a tech stock portfolio. The risks are different but with new markets being created the rewards are limitless. This year, for example, we are likely to see the introduction of Google Glasses and the Apple iWatch – in the future, Google hopes to launch driverless cars. Technology is where it is at; it’s building new markets and driving existing ones. Get involved.