Spread betting markets on European Shares may also be available through other companies. Notes.
2)Where can I find Live Spread Betting Prices for the Norsk Hydro Market?
For Norwegian Shares 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 Norsk Hydro 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 Norwegian Shares 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 Norwegian Shares candlestick charts are currently available with:
Trading Charts?
Spread betting charts may also be available from other companies. Notes.
Sample Norwegian Shares Chart from Financial Spreads:
4) How do you Spread Bet on the Norsk Hydro Market to Go Up?
Norsk Hydro Spread Trading Example
If you decide to spread bet on Norwegian shares like Norsk Hydro then, on visiting a spread betting website such as Capital Spreads, at the moment you would find a spread of 38.2 NOK - 38.9 NOK.
As a result, you could bet on Norsk Hydro shares to go higher than 38.9 NOK or to go lower than 38.2 NOK.
With spread betting, investors trade on every unit the market moves up or down. Specifically, for the Norsk Hydro market a unit is 1 Norwegian Krone of the share's price movement.
For this example, you might decide to trade £20 for every Krone that the Norsk Hydro share price rises or falls.
Betting on the Market to Go Up
If you were to buy Norsk Hydro at 38.9 NOK and the shares rose then the spread could move to 42.1 NOK - 42.8 NOK. If this were the case, you could decide to take your profits by closing your spread trade at 42.1 NOK.
P&L = (closing price of the market - initial price of the market) x stake per Krone
P&L = (42.1 NOK - 38.9 NOK) x £20 per Krone stake
P&L = 3.2 NOK x £20 per Krone
P&L = £64.00 profit
Nevertheless, if the market had decreased to 35.9 NOK - 36.6 NOK, you might decide to close your spread bet to limit your losses. In that case, you would sell your trade at 35.9 NOK.
You would do this with the same £20 per Krone stake:
P&L = (closing price of the market - initial price of the market) x stake per Krone
P&L = (35.9 NOK - 38.9 NOK) x £20 per Krone stake
P&L = -3.0 NOK x £20 per Krone
P&L = -£60.00 loss
5) How do you Spread Bet on the Norsk Hydro Market to Go Down?
One of the benefits of placing a spread bet is that investors can short the markets.
At the start of the example, the spread was 38.2 NOK - 38.9 NOK.
If you were to go short of Norsk Hydro at 38.2 NOK and the shares fell then the spread could move to 34.0 NOK - 34.7 NOK. If so, you might decide to close your bet for a profit by buying at 34.7 NOK.
P&L = (initial price of the market - closing price of the market) x stake per Krone
P&L = (38.2 NOK - 34.7 NOK) x £20 per Krone stake
P&L = 3.5 NOK x £20 per Krone
P&L = £70.00 profit
Financial markets also move up, if the market had risen to, for example, 40.8 NOK - 41.5 NOK, you may want to close your spread bet to limit your losses. If that happened, you would buy the market at 41.5 NOK.
Therefore, with the same £20 per Krone stake:
P&L = (initial price of the market - closing price of the market) x stake per Krone
P&L = (38.2 NOK - 41.5 NOK) x £20 per Krone stake
P&L = -3.3 NOK x £20 per Krone
P&L = -£66.00 loss
Norsk Hydro Rolling Daily spread betting prices accurate as of 15-Nov-10.
Note - 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.
'Norsk Hydro Spread Betting', Guide by D. Jones, last update: 2-Apr-12
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