Afren Spread Betting
Where Can I Spread Bet on Afren? |
You can currently financial spread bet with no commissions or brokers' fees on Afren, as well as a variety of related spread betting markets, with providers such as:
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| Broker Ratings - Sponsored by IG |
The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Afren:
| 20-May-13 |  | Buy | Based on last 5 Ratings | 139.7 | 169 | 21.12% |
A look at the latest Afren broker ratings:
| 20-May-13 | | Outperform | RBC Capital Markets | 139.7 | 200 | 43.20% | | 07-May-13 | | Buy | Deutsche Bank | 138.7 | 150 | 8.15% | | 29-Apr-13 |  | Hold | Liberum Capital | 127.1 | 136 | 7.00% | | 02-Apr-13 | | Overweight | HSBC | 142.6 | 200 | 40.30% | | 28-Mar-13 | | Neutral | Macquarie | 144.8 | 160 | 10.50% | | 26-Mar-13 | | Outperform | RBC Capital Markets | 144.9 | 200 | 38.00% | | 25-Mar-13 | | Outperform | RBC Capital Markets | 150.2 | 210 | 39.80% | | 18-Jan-13 | | Neutral | Nomura | 136 | 175 | 28.70% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
Afren Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Afren with
Financial Spreads.
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Where Can I Find Live Spread Betting Prices and Charts for Afren? |
The following CFD chart and prices offers readers a handy view of the Afren market.
The chart above is from Plus 500 and usually follows the near-term Afren futures price.
If you would like to study live spread trading prices/charts for Afren, you will normally need a financial spread betting account.
A spreads account also gives you access to daily markets. Note that opening such an account is subject to status and suitability checks.
If your account application is approved then, once logged on, you will be able to analyse the real time charts and prices. On most platforms, these are provided for free. What's the catch? You could receive the occasional call or letter from the financial spread betting broker.
If you want to trade then you should note that financial spread trading and contracts for difference do involve a high level of risk to your capital and can result in you losing more than your initial deposit.
Professional Charting Packages for Afren Shares |
Despite the fact that charts can differ between platforms, in order to aid your analysis, they usually come with user friendly tools that include:
- A range of time periods, for example, 2 minutes, 15 minutes, 1 day etc.
- A variety of displays, for example, candlestick, OHLC and line charts
- Drawing options and features, for example, Trendlines, Fibonacci Fans, Time Zones and Arcs
The charts on Financial Spreads also offer more advanced aspects such as:
- BackTesting, Custom Indicators and Analysis tools
- Numerous chart overlays, for example, Ichimoku Cloud, Moving Averages, Envelopes etc.
- A choice of secondary charts, for example, Stochastic, Standard Deviation, Volume Index etc.
- Customised alerts when your chosen market reaches a specific price
Sample equities chart
The spread betting companies in the following list give their account holders live prices and charts:
Where Can I Spread Bet on Afren for Free? |
Investing in the financial markets is never risk free, but if you want to open an entirely free Test Account, where you can try out financial spread betting on a large range of markets, then please see below for more details.
In addition, don't forget that, in the UK, spread trading is currently free of stamp duty, capital gains tax and income tax*.
If you're looking for a low cost spread trading platform, note that you are able to take a position on Afren with no brokers' fees and no commissions through companies such as:
If you'd like to open an entirely free Demo Account which allows you to trial spread betting, and speculating on markets such as Afren, then consider:
The above spread trading firms currently provide a risk free Demo Account that allows users to practice with a range of trading orders, access professional charts and try out theories.
How to Spread Bet on Afren? |
Should an investor want to speculate on companies such as Afren then one possibility could be to place a spread bet on the Afren share price.
Looking at a spread trading platform like FinancialSpreads.com, we can see that they are showing the Afren Rolling Daily market at 136.7p - 137.3p. This means that an investor could put a spread bet on the Afren share price:
 Going above 137.3p, or
 Going below 136.7p
When spread trading on FTSE 350 shares you trade in £x per penny. As a result, if you decide to have a stake of £3 per penny and the Afren share price changes by 23p then there would be a difference to your profit/loss of £69. £3 per penny x 23p = £69.
Rolling Daily Shares Markets
Note that this is a Rolling Daily Market and therefore there is no predetermined settlement date for this market. If you decide to leave your trade open at the end of the day, it will just roll over into the next day.
If your bet is rolled over and you are speculating that the market will:
Go higher - then you will often be charged a small financing fee, or
Go lower - then you'll usually receive a small credit to your account
For a fully worked example see Rolling Daily Spread Betting.
Afren Rolling Daily - Equities Spread Trading Example |
If you take the above spread of 136.7p - 137.3p and assume:
- You have completed your analysis of the markets, and
- You feel that the Afren share price is likely to increase and move higher than 137.3p
Then you might decide to go long of the market at 137.3p and risk £20 per penny.
This means that you make a profit of £20 for every penny that the Afren shares move above 137.3p. Having said that, it also means that you will make a loss of £20 for every penny that the Afren market moves below 137.3p.
Thinking of this in a slightly different way, if you were to ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the final price of the market and the price you bought the market at. You then multiply that price difference by the stake.
With this in mind, if after a few days the stock rose then you might want to close your trade to lock in your profit.
So if the market moved up then the spread, determined by the spread betting company, might change to 142.1p - 142.7p. You would settle/close your trade by selling at 142.1p. Accordingly, with the same £20 stake your profit would be:
Profits (or losses) = (Final Price - Opening Price) x stake
Profits (or losses) = (142.1p - 137.3p) x £20 per penny stake
Profits (or losses) = 4.8p x £20 per penny stake
Profits (or losses) = £96.00 profit
Spread betting can fail to go to plan. In this example, you had bet that the share price would rise. Nevertheless, the share price might fall.
If the Afren shares began to drop then you might choose to close your spread bet to stop any further losses.
If the spread dropped to 131.7p - 132.3p then you would settle/close your trade by selling at 131.7p. If so, your loss would be calculated as:
Profits (or losses) = (Final Price - Opening Price) x stake
Profits (or losses) = (131.7p - 137.3p) x £20 per penny stake
Profits (or losses) = -5.6p x £20 per penny stake
Profits (or losses) = -£112.00 loss
Note - Afren Rolling Daily spread betting price correct as of 31-Oct-12.
Advert:
Afren Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Afren with
Financial Spreads.
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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.
'Afren Spread Betting' by DB, updated 20-May-13
For related pages also see:
Spread Betting on FTSE 250 Companies, updated 23-May-13
Spread Betting on FTSE 250 shares: Individual guides to FTSE 250 companies with broker ratings. Plus where to get live charts and prices for FTSE 250 companies, worked spread betting examples and...read article: Spread Betting on FTSE 250 Companies.
Kazakhmys Spread Betting, updated 23-May-13
Kazakhmys spread betting guide with live Kazakhmys share prices and charts. Plus, broker recommendations on Kazakhmys, where to spread bet on Kazakhmys shares tax-free* and commission-free, how to spread bet on the Kazakhmys share price and...read article: Kazakhmys Spread Betting.
Pennon Group Spread Betting, updated 23-May-13
Pennon Group spread betting guide with live Pennon share prices and charts. Plus, broker recommendations on Pennon, where to spread bet on Pennon shares tax-free* and commission-free, how to spread bet on the Pennon share price and...read article: Pennon Group Spread Betting.
Debenhams Spread Betting, updated 22-Apr-13
Debenhams spread betting guide: live Debenhams charts and prices. Plus, broker ratings on Debenhams shares, where to spread bet on Debenhams shares commission-free and tax-free*, how to spread bet on Debenhams and...read article: Debenhams Spread Betting.
Dixons Spread Betting, updated 16-May-13
Dixons spread betting guide: live Dixons charts and prices. Plus, broker ratings on Dixons shares, where to spread bet on Dixons shares commission-free and tax-free*, how to spread bet on Dixons and...read article: Dixons Spread Betting.
Home Retail Group Spread Betting, updated 02-May-13
Home Retail Group spread betting guide: live Home Retail charts and prices. Plus, broker ratings on Home Retail shares, where to spread bet on Home Retail shares commission-free and tax-free*, how to spread bet on Home Retail and...read article: Home Retail Group Spread Betting.
Halfords Spread Betting, updated 23-May-13
Halfords spread betting guide: live Halfords charts and prices. Plus, broker ratings on Halfords shares, where to spread bet on Halfords shares commission-free and tax-free*, how to spread bet on Halfords and...read article: Halfords Spread Betting.
ICAP Spread Betting, updated 14-May-13
ICAP spread betting guide: live ICAP charts and prices. Plus, broker ratings on ICAP shares, where to spread bet on ICAP shares commission-free and tax-free*, how to spread bet on ICAP and...read article: ICAP Spread Betting.
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