Is It a Bull Market? Is It a Bear Market?

IS IT A BULL MARKET? IS IT A BEAR MARKET?

Paddypowertrader.com sees retail investors pile in to equities on the back of US Treasury stimulus plan.

Paddy Power’s financial spread betting division, paddypowertrader.com has revealed that the volatility in global markets over the past number of days has been attracting account applications .Paddypowertrader.com has seen indices such as FTSE and DJIA jostle for position to become prime destinations for spread betting funds as the uncertainty in the markets continue.

“We are seeing spread betting drive upwards in popularity as retail investors take advantage of the fact you can profit from rising and falling markets using online financial spread betting. Our most popular trades among clients are equities and indices,” said Davin McAnaney, Commercial Manager of paddypowertrader.com.

“We are watching more and more customers putting their money into UK, Irish and US equities in response to the actions of the US Treasury, G20 may also have an effect. Most popular sectors are banking and industry among our savvy spread bettors,” He added.

“Retail investors are increasingly discovering the many benefits of financial spread betting and in 2009 so far we have seen an upsurge in subscriptions to paddypowertrader.com.” McAnaney enthused.

The DJIA was up 500 points or closed 6.84% in one day in the past week. This activity range has been hailed as perhaps the return of a bull market. However, the fervour was not to last long we also saw a significant saw a drop in points too. Financial Spread Betting offers the possibility for clients to profit from both bulls and bear markets.

The FTSE remains the most popular trade by far among trader clientele but also high on the list for astute spread bettors are the Wall St or DJIA indices and to a lesser extent the DAX in Germany. The FTSE closed on March 31st up almost 4% on the previous close.

“Our clients react quickly to a market change and are often at the crest of a trading wave. Financial spread betting offers an easy to use and convenient way profiting on international markets. Researching and informing yourself on market conditions through paddypowertraders blogs and weekly wraps seems to be amongst the most popular ways to increase profits in financial spread betting,” concluded McAnaney.

paddypowertrader.com 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.

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Michelle Daly – 01 404 5900 / 087 952 9050 /