Metals spread betting markets may also be available through other companies. Notes.
2)Where can I find Live Spread Betting Prices for the Gold Market?
For commodities spread bets please see the above tables. Where a company offers the relevant market they will also provide clients with live prices on that market.
3) Where can I find Live Charts / Candlestick Charts for the Gold Market?
Spread betting companies often offer a variety of free data to their clients (accounts are subject to status, terms and conditions).
The most popular commodities data, apart from live prices, tends to be the candlestick charts. The time period of the charts can usually be varied. You can often alter the candlestick charts to show market movements in the order of 1 minute, 2 minutes, 5 minutes, 10minutes, 1 hour, 1 day or 1 week periods.
With a number of the charts you can also update the settings to help your technical analysis. For example you can add Bollinger Bands and 20, 50 and 100 point Moving Averages and commodities candlestick charts are currently available with:
Trading Charts?
Spread betting charts may also be available from other companies. Notes.
Sample Gold Chart from Financial Spreads:
4) How do you Spread Bet on the Gold Market to Go Up?
Gold Spread Betting Example
Should you decide to spread trade on a commodity such as Gold then, on visiting a spread trading website like Financial Spreads, you would currently find a spread trading price of $1,114.5 - $1,115.0.
As a result, you could spread bet on Gold to go higher than $1,115.0 or to go lower than $1,114.5.
When spread betting, you bet on every unit the market rises or falls. For the Gold market a unit is $0.1 of the commodity's price movement.
As an example, you could choose to spread bet £3 for every $0.1 Gold increases or decreases.
Buying - Spread Betting on the Gold Market to Go Up
If you were to go long of Gold at $1,115.0 and the commodity rose then the market might be re-priced at $1,118.9 - $1,119.4. Therefore, you might choose to close your bet for a profit at $1,118.9.
P&L = (closing level of the market - opening level of the market) x stake per $0.1
P&L = ($1,118.9 - $1,115.0) x £3 per $0.1 stake
P&L = $3.9 x £3 per $0.1
P&L = £117 profit
Conversely, if the market had decreased to $1,111.4 - $1,111.9, you could choose to close your trade to prevent further losses. If so, you would sell the market at $1,111.4.
Therefore, with the same £3 per $0.1 stake:
P&L = (closing level of the market - opening level of the market) x stake per $0.1
P&L = ($1,111.4 - $1,115.0) x £3 per $0.1 stake
P&L = -$3.6 x £3 per $0.1
P&L = -£108 loss
5) How do you Spread Bet on the Gold Market to Go Down?
A key advantage of spread trading is that investors can go short of the markets.
The initial spread was $1,114.5 - $1,115.0.
If you were to sell Gold at $1,114.5 and the commodity fell then the spread could move to $1,109.9 - $1,110.4. Assuming this was the case, you could close your bet for a profit by buying at $1,110.4.
P&L = (opening level of the market - closing level of the market) x stake per $0.1
P&L = ($1,114.5 - $1,110.4) x £3 per $0.1 stake
P&L = $4.1 x £3 per $0.1
P&L = £123 profit
The markets can of course rise, if the market had risen to, for example, $1,117.8 - $1,118.3, you could choose to close your bet to prevent further losses. If that were to happen, you would buy at $1,118.3.
With the same £3 per $0.1 stake:
P&L = (opening level of the market - closing level of the market) x stake per $0.1
P&L = ($1,114.5 - $1,118.3) x £3 per $0.1 stake
P&L = -$3.8 x £3 per $0.1
P&L = -£114 loss
Gold Spread Betting Rolling Daily prices taken as of 17-Dec-09.
Gold Spread Betting Notes:
You can also spread bet on Gold in $ per Cent and Euro per Cent
You can also spread bet on: Silver, Platinum, Palladium and Copper
6) Where can I find more on Spread Betting on Commodities?
'Gold Spreads', Guide by D. Jones, last update: 12-Mar-10
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(1) The FTSE Rolling Daily Spread is 1 tick during market hours & 4 ticks out of hours. 1 Tick is defined as a full FTSE point. See our Product Information for more details. (2) The above information is correct at time of writing. (3) Tax Law can change.
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Risk Warning:
Spread Betting carries a high level of risk
to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
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