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 Storebrand 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 Storebrand 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 Storebrand Market to Go Up?
Storebrand Trading Example
Should you decide to spread trade on Norwegian shares like Storebrand then, looking at a spread betting website like IG Index, you would currently find a spread of 40.4 NOK - 41.1 NOK.
Therefore, you could spread bet on Storebrand shares to go above 41.1 NOK or below 40.4 NOK.
When making a spread bet, you trade on every unit the market goes up or down. Specifically, for the Storebrand market a unit is 1 Norwegian Krone of the share's price movement.
In this case, you could choose to spread bet £20 for every Krone that the Storebrand share price goes up or down.
Spread Betting on the Market to Increase
If you were to buy Storebrand at 41.1 NOK and the shares increased then the spread could become 44.6 NOK - 45.3 NOK. If that happened, you might decide to close your bet for a profit at 44.6 NOK.
Profit or Loss = (closing level of the market - opening level of the market) x stake per Krone
Profit or Loss = (44.6 NOK - 41.1 NOK) x £20 per Krone stake
Profit or Loss = 3.5 NOK x £20 per Krone
Profit or Loss = £70.00 profit
Financial markets also move down, if the market were to drop to 37.8 NOK - 38.5 NOK, you might decide to close your trade to restrict your losses. If this were the case, you would sell at 37.8 NOK.
Therefore, with the same £20 per Krone stake:
Profit or Loss = (closing level of the market - opening level of the market) x stake per Krone
Profit or Loss = (37.8 NOK - 41.1 NOK) x £20 per Krone stake
Profit or Loss = -3.3 NOK x £20 per Krone
Profit or Loss = -£66.00 loss
5) How do you Spread Bet on the Storebrand Market to Go Down?
A major advantage of placing a spread trade is that you can sell the markets.
At the beginning of this example, the market was priced at 40.4 NOK - 41.1 NOK.
If you were to sell Storebrand at 40.4 NOK and the shares decreased then the market might be re-priced at 35.8 NOK - 36.5 NOK. Therefore, you might decide to close your bet for a profit by buying at 36.5 NOK.
Profit or Loss = (opening level of the market - closing level of the market) x stake per Krone
Profit or Loss = (40.4 NOK - 36.5 NOK) x £20 per Krone stake
Profit or Loss = 3.9 NOK x £20 per Krone
Profit or Loss = £78.00 profit
The markets can of course rise, if the market were to rise to 43.4 NOK - 44.1 NOK, you may want to close your bet to limit your losses. If so, you would buy your spread bet at 44.1 NOK.
You would do this with the same £20 per Krone stake:
Profit or Loss = (opening level of the market - closing level of the market) x stake per Krone
Profit or Loss = (40.4 NOK - 44.1 NOK) x £20 per Krone stake
Profit or Loss = -3.7 NOK x £20 per Krone
Profit or Loss = -£74.00 loss
Storebrand Rolling Daily spread betting prices correct 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.
'Storebrand Spread Betting', Guide by D. Jones, last update: 28-Mar-12
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