Spread betting markets on World Shares may also be available through other companies. Notes.
2)Where can I find Live Spread Betting Prices for the Westfield Market?
For Australian 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 Westfield 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 Australian 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 Australian Shares candlestick charts are currently available with:
Trading Charts?
Spread betting charts may also be available from other companies. Notes.
Sample Australian Shares Chart from Financial Spreads:
4) How do you Spread Bet on the Westfield Market to Go Up?
Westfield Group Trading Example
Should you decide to spread trade on Australian shares such as Westfield Group then, on visiting a spread trading site like Financial Spreads, you may see a spread of A$12.77 - A$12.82.
This means you can spread bet on Westfield Group shares to increase above A$12.82 or decrease below A$12.77.
With spread betting, investors bet on every unit the market moves up or down; with the Westfield Group market a unit is A$0.01 of the share's price movement.
For this example, you could decide to spread bet £3 for every cent that the Westfield Group share price moves up or down.
Spread Betting on the Market to Rise
If you bought Westfield Group at A$12.82 and the shares rose then the market might be re-priced at A$13.14 - A$13.19. If that were to happen, you might want to close your trade for a profit by selling at A$13.14.
Profit/Loss = (settlement price of the market - opening price of the market) x stake per cent
Profit/Loss = (A$13.14 - A$12.82) x £3 per cent stake
Profit/Loss = A$0.32 x £3 per cent
Profit/Loss = £96 profit
The markets can of course fall, if the market had decreased to, for example, A$12.52 - A$12.57, you may decide to close your spread bet to limit your losses. If this were the case, you would sell your trade at A$12.52.
So, with the same £3 per cent stake:
Profit/Loss = (settlement price of the market - opening price of the market) x stake per cent
Profit/Loss = (A$12.52 - A$12.82) x £3 per cent stake
Profit/Loss = -A$0.30 x £3 per cent
Profit/Loss = -£90 loss
5) How do you Spread Bet on the Westfield Market to Go Down?
At the start of the example, the spread was A$12.77 - A$12.82.
If you were to go short of Westfield Group at A$12.77 and the shares decreased then the spread might become A$12.37 - A$12.42. Assuming this was the case, you might decide to close your bet for a profit at A$12.42.
Profit/Loss = (opening price of the market - settlement price of the market) x stake per cent
Profit/Loss = (A$12.77 - A$12.42) x £3 per cent stake
Profit/Loss = A$0.35 x £3 per cent
Profit/Loss = £105 profit
On the other hand, if the market had moved up to, as an example, A$13.05 - A$13.10, you might want to close your bet to restrict your losses. In that case, you would buy at A$13.10.
You would close your bet with the same £3 per cent stake:
Profit/Loss = (opening price of the market - settlement price of the market) x stake per cent
Profit/Loss = (A$12.77 - A$13.10) x £3 per cent stake
Profit/Loss = -A$0.33 x £3 per cent
Profit/Loss = -£99 loss
Westfield Group Rolling Daily spread betting market correct as of 28-Jan-10.
Note that you can also spread bet on Australian Shares with TD Waterhouse.
6) Where can I find more on Spread Betting on Shares?
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.
'Westfield Spread Betting', Guide by D. Jones, last update: 24-May-12
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