Abbey Spread Betting
Where Can I Spread Bet on Abbey? |
Currently, you are able to take a view on Abbey through an account with any of the following companies:
Advert:
Abbey Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Abbey with
Financial Spreads.
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Where Can I Spread Bet on Abbey for Free? |
By its very nature, speculating is never risk free, but if you would like to open a (free) Demo Account, that lets you try out spread trading on a range of markets, see below for more details.
In addition, don't forget that spread betting in the UK is currently free of capital gains tax, income tax and stamp duty*.
If you are trying to find a low cost financial spread betting site then note that you are able to spread bet on Abbey commission free through providers like:
If you'd like to open a free Practice Account / Demo Account where users are able to try spread betting, including trading markets such as Abbey, then consider:
Each of the spread betting companies listed above currently provide a Demo Account that lets users apply orders, analyse professional charts and try out trading ideas.
How to Spread Bet on Abbey? |
Should you decide to invest in European companies like Abbey then one option is to spread bet on the Abbey share price.
Looking at a financial spread betting site like Capitalspreads, we can see that they are valuing the Abbey Rolling Daily market at €6.30 - €6.81. Therefore, you could spread bet on the Abbey share price:
 Rising above €6.81, or
 Falling below €6.30
When financial spread betting on Irish shares you trade in £x per cent. So, if you staked £2 per cent and the Abbey share price moves €0.34 then there would be a difference to your bottom line of £68. £2 per cent x €0.34 = £68.
Note that you are also able to invest in this market in Dollars or Euros, e.g. €x per cent.
Rolling Daily Equities Markets
You should note that this is a 'Rolling Daily Market', therefore unlike a normal spread betting futures market, there is no closing date. You do not have to close your trade, should it still be open at the end of the trading day, it will just roll over into the next day.
If you do roll over a bet and you are spread betting that the market will:
Increase - then you usually pay a small overnight financing fee, or
Decrease - then you will often receive a small payment to your account
Our article Rolling Daily Spread Betting goes into more detail about Rolling Daily Markets and includes a fully worked example.
Abbey Rolling Daily - Irish Shares Spread Betting Example |
If you consider the above spread of €6.30 - €6.81 and make the assumptions:
- You've completed your research into the company, and
- Your analysis leads you to think the Abbey shares will move above €6.81
Then you could decide that you want to buy at €6.81 and invest, let’s say, £2 per cent.
Therefore, you make a profit of £2 for every cent that the Abbey shares increase and move higher than €6.81. Nevertheless, you will lose £2 for every cent that the Abbey market moves below €6.81.
Considering this from another angle, if you were to buy a spread bet then your P&L is found by taking the difference between the settlement price of the market and the price you bought the market at. You then multiply that difference in price by the stake.
As a result, if after a few days the share price rose then you might want to close your position so that you can guarantee your profit.
So if the market increased then the spread might change to €7.29 - €7.80. To settle/close your trade you would sell at €7.29. So, with the same £2 stake you would make:
P&L = (Final Level - Opening Level) x stake
P&L = (€7.29 - €6.81) x £2 per cent stake
P&L = €0.48 x £2 per cent stake
P&L = 48c x £2 per cent stake
P&L = £96 profit
Speculating on equities is not easy. In the above example, you wanted the share price to rise. Naturally, it could fall.
If the Abbey shares had started to drop then you might decide to settle/close your spread bet in order to restrict your losses.
If the market fell to €6.24 - €6.75 you would settle your trade by selling at €6.24. Therefore, you would make a loss of:
P&L = (Final Level - Opening Level) x stake
P&L = (€6.24 - €6.81) x £2 per cent stake
P&L = -€0.57 x £2 per cent stake
P&L = -57c x £2 per cent stake
P&L = -£114 loss
Note: Abbey Rolling Daily spread betting market quoted as of 18-Dec-12.
Where Can I Find Live Spread Betting Prices and Charts for Abbey? |
If you want to review charts and the current prices for Abbey, you generally need a spread trading account. Note: Spreads accounts are subject to status, suitability and credit checks.
If your new account is accepted then, after logging in, you will be able to check the real-time charts/prices. These are usually provided for free. What's the catch? You might get the occasional sales call or letter from the relevant online spread betting firm.
Of course, if you do spread bet then, before starting, remember that spread betting involves a significant level of risk to your funds and you could lose more than your initial deposit.
Even though the charting packages normally differ between providers, to help your technical analysis, they generally have tools that include:
- An array of time intervals, for example, 1 minute, 1 hour, 2 hours and so on
- Different views, for example, candlestick charts and line charts
- Drawing tools and features, for example, Fibonacci Retracements and Trendlines
The charts with Financial Spreads also have other benefits such as:
- Tailored Indicators and Back Testing
- Popular overlays, for example, Ichimoku Cloud, Moving Averages, Linear Regression and so on
- A wide selection of indicator charts, for example, Chaikin Volatility, MACD, Mass Index and so on
- Automated email alerts that trigger when a market reaches a specific price
Example trading chart
The financial spread betting brokers in the list below provide clients with real-time trading prices and charts:
Advert:
Abbey Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Abbey with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Abbey Spread Betting' by DB, updated 17-Jun-13
For related pages also see:
Spread Betting on Irish Shares, updated 10-Jun-13
Share trading review of companies listed in Ireland. Every guide talks through where to spread bet on Irish shares, how to get live spread betting charts & prices, has a worked trading example and...read article: Spread Betting on Irish Shares.
C&C Group Spread Betting, updated 17-Jun-13
C&C Group spread betting and share trading guide with real-time C&C Group prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: C&C Group Spread Betting.
CRH Spread Betting, updated 17-Jun-13
CRH spread betting and share trading guide with real-time CRH prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: CRH Spread Betting.
Kerry Group Spread Betting, updated 17-Jun-13
Kerry Group spread betting and share trading guide with real-time Kerry Group prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: Kerry Group Spread Betting.
Kingspan Spread Betting, updated 17-Jun-13
Kingspan spread betting and share trading guide with real-time Kingspan prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: Kingspan Spread Betting.
Paddy Power Spread Betting, updated 17-Jun-13
Paddy Power spread betting and share trading guide with real-time Paddy Power prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: Paddy Power Spread Betting.
Ryanair Spread Betting, updated 17-Jun-13
Ryanair spread betting and share trading guide with real-time Ryanair prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: Ryanair Spread Betting.
Smurfit Kappa Spread Betting, updated 17-Jun-13
Smurfit Kappa spread betting and share trading guide with real-time Smurfit Kappa prices and charts. We also review where you can spread bet on the Irish firm’s share price commission-free & tax-free*, how to trade the Irish company and...read article: Smurfit Kappa Spread Betting.
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