Accenture Spread Betting
Where Can I Spread Bet on Accenture? |
Currently, investors can financial spread bet with no brokers' fees on Accenture with any of the following spread betting companies:
Advert:
Accenture Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Accenture with
Financial Spreads.
|
Where Can I Spread Bet on Accenture for Free? |
Trading always has risks. However, if you would like to try an entirely free Test Account, which lets you access charts and trial spread betting, please see below for more details.
When considering which investment option might work for you, don't forget that in the UK, spread betting is currently free of income tax, capital gains tax and stamp duty*.
Assuming you want a free spread trading website then you should note that investors can trade Accenture without paying any brokers' fees with companies like:
Should you want to have a look at a completely free Demo Account which lets users try out spread betting, and trading markets such as Accenture, then look at:
All of the above firms provide a free Practice Account that investors can use to gain experience with an array of trading orders, access professional level charts and try out new theories.
Where Can I Find Live Spread Betting Prices and Charts for Accenture? |
The contracts for difference chart below provides a helpful overview of the Accenture share price.
The Plus 500 chart that we use above is typically based on the near-term Accenture futures price.
If you want to analyse live spread betting charts and the current pricing for Accenture, you will probably require a spread trading account.
This would also let you access the shorter term daily prices. Readers should note that such accounts are subject to status, credit and suitability checks.
Should your application be approved, you will be able to log on and study the live trading charts and prices. These are normally provided for free. What's the catch? You might get an occasional sales email and/or call from the relevant spread betting broker.
Of course, if you decide to trade then, before starting, be aware that financial spread trading and CFD trading carry a significant level of risk and losses could exceed your initial investment.
Technical Charting Packages for Accenture Shares |
Although the specific charting packages tend to differ across the various providers, to help your trading analysis, most charts generally come with features that include:
- A large range of time periods e.g. 3 minutes, 1 hour, 4 hours etc
- Various views e.g. candlestick and line charts
- Drawing tools e.g. Trendlines, Fibonacci Arcs, Fans and Time Zones
Charts with Inter Trader also offer other benefits:
- BackTesting tools and Custom Indicators
- Numerous overlays e.g. Bollinger Bands, Moving Average, Price Channels etc
- A selection of indicators e.g. Range Indicator, RSI, Mass Index etc
- Customised email alerts for when the markets hit a pre-set level
Example chart
The following spread trading firms let their users have access to real time trading charts and prices:
How to Spread Bet on Accenture? |
If you are going to invest in firms like Accenture then one possibility could be to spread bet on the Accenture share price.
Looking at a spread betting site like FinancialSpreads.com, you can see that they are currently valuing the Accenture Rolling Daily market at $72.61 - $72.72. This means that you can put a spread bet on the Accenture shares:
 Increasing higher than $72.72, or
 Decreasing lower than $72.61
Whilst spread betting on US shares you trade in £x per cent. Therefore, should you decide to invest £5 per cent and the Accenture share price changes by $0.20 then that would alter your bottom line by £100. £5 per cent x $0.20 = £100.
You can also invest in this market in Dollars or Euros, e.g. €x per cent.
Rolling Daily Shares Markets
This is a Rolling Daily Market which means that there is no set settlement date for this market. You do not have to close your position, should it still be open at the end of the trading day, it just rolls over into the next day.
If a bet is rolled over and you are spread betting on the market to:
Move up - then you will be charged a small overnight financing fee, or
Move down - then a small payment is often credited to your account
For a more detailed guide to Rolling Daily Markets, including a fully worked example, please read our feature Rolling Daily Spread Betting.
Accenture Rolling Daily - US Shares Spread Betting Example |
Now, if you consider the above spread of $72.61 - $72.72 and make the assumptions:
- You have done your analysis of the markets, and
- You feel that the Accenture shares will rise above $72.72
Then you may decide that you want to buy at $72.72 for a stake of £2 per cent.
With such a bet you win £2 for every cent that the Accenture shares increase and go higher than $72.72. Having said that, it also means that you will make a loss of £2 for every cent that the Accenture market decreases below $72.72.
Considering this from another angle, if you were to buy a spread bet then your profits (or losses) are worked out by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.
With this in mind, if after a few sessions the shares rose then you might consider closing your position to lock in your profit.
So if the market moved up then the spread could change to $73.27 - $73.38. In order to close your position you would sell at $73.27. Therefore, with the same £2 stake your profit would come to:
P&L = (Final Price - Opening Price) x stake
P&L = ($73.27 - $72.72) x £2 per cent stake
P&L = $0.55 x £2 per cent stake
P&L = 55¢ x £2 per cent stake
P&L = £110 profit
Trading shares, whether by spread trading or otherwise, can go against you. In this case, you had bet that the share price would rise. However, it can also fall.
If the Accenture stock began to fall then you could close your spread bet in order to limit your losses.
If the spread dropped to $72.25 - $72.36 then this means you would close your position by selling at $72.25. As a result, your loss would be:
P&L = (Final Price - Opening Price) x stake
P&L = ($72.25 - $72.72) x £2 per cent stake
P&L = -$0.47 x £2 per cent stake
P&L = -47¢ x £2 per cent stake
P&L = -£94 loss
Note - Accenture Rolling Daily spread betting market correct as of 06-Feb-13.
Advert:
Accenture Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Accenture 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.
'Accenture Spread Betting' by DB, updated 21-Feb-13
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