Petrol Prices Indicate an Opportunity to Profit from Currency Volatility, Says MetaTrader Software Provider

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Thu Apr 22, 2010 3:01am EDT

  LONDON, UNITED KINGDOM, Apr 22 (MARKET WIRE) -- 
Editors Note: There is an image associated with this Press Release.

    With UK pump prices for petrol rising above GBP 1.20 per litre in many
places partially as a result of exchange rate volatility, opportunities
exist for the canny investor to profit from forex trading, says ODL
Markets, who provide the Meta Trader software to enable new and
experienced traders to profit from currency movements.

    While tax makes up a very large proportion of the pump price of petrol,
currency rates also have a very significant impact on the price we all
pay to fill up our cars. Oil is priced in US Dollars, so when Sterling is
weak against the Dollar, oil prices become more expensive for Sterling
buyers. The recent weakness of the Pound means that petrol and diesel
pump prices have risen to all-time highs for UK buyers. Whilst this
exchange rate volatility brings misery for drivers, it can open up
opportunities for those seeking to profit by trading on the movements
between currencies.

    ODL Markets, an FSA-regulated broker, offers a package designed to
support novice forex traders in the early stages of their trading life.
The package includes software to assist the new trader in spotting
opportunities and placing trades as well as a specially-designed
"Discover" trading account to limit potential losses. 

    MetaTrader 4 software from ODL Markets helps the new trader to spot
opportunities to profit from currency movements and to play off the
weakness of one currency against another. ODL Markets offers a free
demonstration version of the software on its website to enable the
would-be trader to explore the world of forex trading in a risk-free
environment. The demonstration version also allows a novice trader to
test out strategies and techniques in a risk-free environment. The
software also enables trading in Gold, Oil and multiple indices. 

    Established in 1994, award-winning broker ODL Markets also offers the
Discover FX account for the new trader, which limits potential losses to
the trader's initial deposit, reducing risk for those new to the world of
trading. Higher petrol prices as a result of currency movements may push
up travel costs for all of us, but they are also an indicator that there
are opportunities to profit from these fluctuations.

    For savvy investors who want to be able to track the impact of changing
currency rates and stay one step ahead of the best prices, trading
platforms such as Meta Trader 4 offer the opportunity to profit from the
current volatility in the markets. 

    View the latest live currency rates on our MetaTrader 4 demo platform, or
read more market news from ODL Markets by visiting
http://www.odlmarkets.com

    Notes to Editors: 

    ODL Markets is a trading name of ODL Securities Limited which is
authorised and regulated by the Financial Services Authority -
Registration number 171487. Member of the London Stock Exchange and NYSE
Euronext.

    For additional information please contact Cathy Blackburn by emailing
cblackburn@odls.com or calling +44 (0)207 903 6100. ODL Securities Ltd,
8th Floor, Northern & Shell Building, 10 Lower Thames Street, London,
EC3R 6AD

    Spread Betting, CFDs and Forex are leveraged products and carry a high
degree of risk to your capital and it is possible to lose more than your
initial investment and account balance. You should only speculate with
money that you can afford to lose. These investments may not be suitable
for all investors, therefore, please ensure that you fully understand the
risks involved and seek independent advice if necessary prior to entering
into such transactions.

    To view the accompanying image, please visit the following link:
http://www.marketwire.com/library/20100421-petrol-price800.jpg

Contacts:
ODL Securities Ltd
Cathy Blackburn
+44 (0)207 903 6100
cblackburn@odls.com

Copyright 2010, Market Wire, All rights reserved.

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