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 Woodside Petroleum 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 Woodside Petroleum 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 Woodside Petroleum Market to Go Up?
Woodside Petroleum Spread Trading Example
If you are going to spread bet on Australian shares like Woodside Petroleum then, looking at a spread trading site like Financial Spreads, you may find a spread of A$43.77 - A$43.89.
This means you could spread bet on Woodside Petroleum shares to increase above A$43.89 or decrease below A$43.77.
With spread betting, investors trade on every unit the market moves up or down; for the Woodside Petroleum market a unit is A$0.01 of the share's price movement.
With this example, you could choose to trade £2 for every cent that the Woodside Petroleum share price goes up or down.
Spread Betting on the Market to Increase
If you bought Woodside Petroleum at A$43.89 and the shares went up then the spread might become A$44.55 - A$44.67. If so, you might decide to close your trade for a profit at A$44.55.
Profit or Loss = (settlement price of the market - initial price of the market) x stake per cent
Profit or Loss = (A$44.55 - A$43.89) x £2 per cent stake
Profit or Loss = A$0.66 x £2 per cent
Profit or Loss = £132 profit
However, if the market had moved down to, as an example, A$43.28 - A$43.40, you could choose to close your spread bet to prevent further losses. Therefore, you would sell the market at A$43.28.
With the same £2 per cent stake:
Profit or Loss = (settlement price of the market - initial price of the market) x stake per cent
Profit or Loss = (A$43.28 - A$43.89) x £2 per cent stake
Profit or Loss = -A$0.61 x £2 per cent
Profit or Loss = -£122 loss
5) How do you Spread Bet on the Woodside Petroleum Market to Go Down?
One of the advantages of spread trading is that investors can go short of the markets.
The initial spread betting price was A$43.77 - A$43.89.
If you were to go short of Woodside Petroleum at A$43.77 and the shares decreased then the spread might change to A$43.03 - A$43.15. If this were the case, you might decide to close your trade for a profit by buying at A$43.15.
Profit or Loss = (initial price of the market - settlement price of the market) x stake per cent
Profit or Loss = (A$43.77 - A$43.15) x £2 per cent stake
Profit or Loss = A$0.62 x £2 per cent
Profit or Loss = £124 profit
However, if the market had risen to, for example, A$44.23 - A$44.35, you may decide to close your bet to limit your losses. If that happened, you would buy back at A$44.35.
You would close your bet with the same £2 per cent stake:
Profit or Loss = (initial price of the market - settlement price of the market) x stake per cent
Profit or Loss = (A$43.77 - A$44.35) x £2 per cent stake
Profit or Loss = -A$0.58 x £2 per cent
Profit or Loss = -£116 loss
Woodside Petroleum Rolling Daily prices accurate as of 28-Jan-10.
Note that you are also able to spread bet on Australian Shares with GFT.
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.
'Woodside Petroleum Spread Betting', Guide by D. Jones, last update: 24-May-12
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