More Trading Reports from Paddy

Knowledge and education are two of the most crucial parts to being a successful spread bettor. Paddy has today launched a learning tool called a trader report (see PDF) in order to help traders be more informed on market movements. This, claim the PR people at Paddy is a revolutionary measure to help traders develop more skills and familiarise with the market.

The daily trader report will be a daily insight into movers and shakers in the main Irish and world markets. Compiled by analysts at Paddy Power team each morning, the reports are aimed at aiding traders and media on the markets. The trader reports will be available daily to visitors to the Paddy Power website. Just click on the link Trader Report.

‘Enhancing the usability of our website, platform and enhancing the educational tools available to traders and spread bettors is a key priority for paddypowertrader.com,’ Davin McAnaney, Commercial Manager of paddypowertrader.com.

‘We have been enabling retail investors and novice spread bettors to enter into the spread betting arena for the past 18 months. This is just another example of bringing creative and innovative products to users of our services,’ McAnaney continued.

‘The trader reports will help to inform clients and look likely to be a popular tool for both advanced and novice spread bettors everywhere,’ he concluded.

Paddy Power Trader launched in the summer of 2007 enabling clients to take advantage of the many benefits of financial spread betting, including being a tax-free alternative to trading shares and financial markets. The product continues to grow in popularity in the UK and Ireland, amongst not only financial industry professionals, but also amongst those with an interest in the stock market.

Thoughts: No doubt another marketing exercise by the team at Paddy Power but the report reveals some interesting data on how poorly the markets have performed over last year – the FTSE 100 having gone down 25.52%, the Dow 32.21%, NASDAQ even worse with a 36.35% decline and how the Pound has seriously weakened when compared to its old counterparts, the Dollar and Euro; £/USD experiencing a massive 25.30% shortfall over the year and a corresponding strenghtening of the EUR against the Pound (EUR/£ 21.06%).

Tags: financial spread betting, Ireland

This entry was posted on Tuesday, January 13th, 2009 at 11:12 pm and is filed under Public Relations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.