Akzo Nobel Spread Betting
Where Can I Spread Bet on Akzo Nobel? |
At the moment, investors can financial spread bet without commissions or brokers' fees on Akzo Nobel with any of these firms:
Advert:
Akzo Nobel Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Akzo Nobel with
Financial Spreads.
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Where Can I Spread Bet on Akzo Nobel for Free? |
Speculating on the financial markets isn't without risk. Nevertheless, if you would like to try an entirely free Practice Account, where you can try spread betting and access professional charts, please see below for further details.
Also, don't forget that spread betting in the UK is currently exempt from capital gains tax, income tax and stamp duty*.
If you are interested in a low cost spread trading platform then keep in mind that you can take a position on Akzo Nobel commission free and with no brokers' fees via companies like:
If you're interested in a Practice Account / Demo Account in order to get to grips with spread betting on markets like EUR/USD, the DAX 30 and Akzo Nobel, then you could always take a look at:
All of the above companies offer a free Test Account that lets investors apply orders, try out trading ideas and use charts.
Where Can I Find Live Spread Betting Prices and Charts for Akzo Nobel? |
The following CFD trading chart and prices will give you a good overview of the Akzo Nobel market.
The above Plus500 chart normally uses the near-term Akzo Nobel futures market.
If you would like to review spread betting charts/prices for Akzo Nobel, you will need to apply for a spread betting account.
You can also use a spreads account to trade on the short term daily markets. Note: Opening any such account is normally dependent on credit and status checks.
Should your account application be approved then you can log on to access the real time trading prices/charts. On most platforms, these will be provided for free. What's the catch? You might get the occasional letter or call from the relevant financial spread betting company.
If you want to trade then you should note that contracts for difference and spread betting do carry a significant level of risk and you could lose more than your initial investment.
Technical Charting Packages for Akzo Nobel Shares |
Although charts tend to vary between platforms, most charts come with valuable features and tools, including:
- A number of time intervals such as 30 minutes, 4 hours, 1 week and so on
- A variety of chart types such as OHLC and candlestick charts
- Drawing features such as Fibonacci time zones, arcs and fans
Charts with Inter Trader also have more advanced features such as:
- Back Testing tools and Custom Indicators
- Popular chart overlays such as Ichimoku Clouds, Parabolic SAR, Chande Kroll Stop and so on
- More than 30 indicator charts such as Relative Momentum Index, Elder Rays, Ultimate Oscillator and so on
- Custom email alerts for when your chosen market reaches a particular price
Example FinancialSpreads equities chart
The firms listed below let their account holders have access to real-time prices/charts:
How to Spread Bet on Akzo Nobel? |
If an investor wants to speculate on European listed companies like Akzo Nobel then one possibility is to spread trade on the Akzo Nobel share price.
Looking at a spread betting site like Tradefair, you can see that they are currently pricing the Akzo Nobel Rolling Daily market at €51.35 - €51.48. Therefore, an investor could put a spread bet on the Akzo Nobel share price:
 Increasing above €51.48, or
 Decreasing below €51.35
When financial spread betting on Dutch shares you trade in £x per cent. As a result, if you decide to invest £3 per cent and the Akzo Nobel share price moves €0.31 then that would change your P&L by £93. £3 per cent x €0.31 = £93.
You can also trade this market in Euros or Dollars, e.g. $x per cent.
Rolling Daily Equities Markets
Be aware that this is a Rolling Daily Market and so in contrast with futures markets, there is no closing date. If you decide to leave your trade open at the end of the day, it simply keeps rolling over into the next day.
Should your spread bet roll over, if you are speculating that the market will:
Go up - then you'll pay a small overnight financing fee, or
Go down - then you'll normally receive a small credit to your account
For a more detailed example see Rolling Daily Spread Betting.
Akzo Nobel Rolling Daily - Dutch Shares Spread Betting Example |
So, if we consider the above spread of €51.35 - €51.48 and assume:
- You've completed your analysis of the markets, and
- Your research leads you to feel that the Akzo Nobel shares are likely to rise higher than €51.48
Then you may decide to go long of the market at €51.48 for a stake of £2 per cent.
So, you make a profit of £2 for every cent that the Akzo Nobel shares increase and go above €51.48. However, it also means that you will lose £2 for every cent that the Akzo Nobel market moves below €51.48.
Looking at this from another angle, if you were to buy a spread bet then your P&L is worked out by taking the difference between the closing 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 trading sessions the shares moved higher then you could consider closing your spread bet in order to lock in your profit.
So if the market increased then the spread could change to €52.02 - €52.15. You would close your trade by selling at €52.02. So, with the same £2 stake this trade would make you a profit of:
P&L = (Final Value - Opening Value) x stake
P&L = (€52.02 - €51.48) x £2 per cent stake
P&L = €0.54 x £2 per cent stake
P&L = 54c x £2 per cent stake
P&L = £108 profit
Trading equities, whether by spread trading or otherwise, is not straightforward. In this case, you had bet that the share price would go up. Of course, it might decrease.
If the Akzo Nobel share price decreased, contrary to your expectations, then you might decide to close/settle your trade in order to limit your losses.
So if the spread pulled back to €51.02 - €51.15 you would close your trade by selling at €51.02. Accordingly, your loss would be:
P&L = (Final Value - Opening Value) x stake
P&L = (€51.02 - €51.48) x £2 per cent stake
P&L = -€0.46 x £2 per cent stake
P&L = -46c x £2 per cent stake
P&L = -£92 loss
Note - Akzo Nobel Rolling Daily spread quoted as of 23-Jan-13.
Advert:
Akzo Nobel Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Akzo Nobel 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.
'Akzo Nobel Spread Betting' by DB, updated 06-Feb-13
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