Amgen Spread Betting
Where Can I Spread Bet on Amgen? |
Currently, investors are able to financial spread bet with zero commissions and no brokers' fees on Amgen, as well as a wide variety of other markets, via companies like:
Advert:
Amgen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Amgen with
Financial Spreads.
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Where Can I Spread Bet on Amgen for Free? |
Trading the financial markets is not risk free, but if you'd like to open an entirely free Test Account, that allows you to access professional charts and trial spread betting, please see below for more details.
Furthermore, remember that, in the UK, spread betting is tax free*, i.e. there is no capital gains tax, stamp duty or income tax.
If you are interested in a low cost spread trading website, you should note that you can speculate on Amgen with no commissions and no brokers' fees with companies such as:
If you're interested in a completely free Demo Account / Test Account where you are able to get a better feel for online spread betting, including markets such as Amgen, then consider:
All of the above spread betting firms currently provide a free Test Account which lets users gain experience with an array of orders, check charts and test strategies.
Where Can I Find Live Spread Betting Prices and Charts for Amgen? |
This CFD chart gives readers a good overview of the Amgen market.
The above chart, provided by Plus500, typically uses the Amgen futures price.
If you would like to review spread trading charts and the current pricing for Amgen, you might need a spread betting account.
A spreads account would also let you trade on short-term daily markets. Note that opening such an account is subject to status and suitability checks.
If your account application is approved, you can log on to access the real-time trading charts/prices. On most platforms, these are free. What's the catch? You could get the odd sales letter or call from the online spread betting provider.
Of course, if you decide to trade then, before starting, you should be aware that spread betting and CFDs do carry a significant level of risk and can result in losses that exceed your initial deposit.
Professional Level Charting Packages for Amgen Shares |
Although charting software/packages can differ between firms, to help your analysis, the majority of charts come with useful features such as:
- A range of time periods such as 1 minute, 4 hours, 1 month and so on
- A variety of display styles such as OHLC, candlestick and line charts
- Drawing options and features such as trendlines, Fibonacci fans, arcs and time zones
Charts with Financial Spreads also have other benefits, including:
- Custom Indicators, Back Testing and Optimisation functions
- Useful chart overlays such as Moving Averages, Ichimoku Kinko Hyo, Envelopes and so on
- Indicators such as Standard Deviation, Relative Strength Index, Swing Index and so on
- Automated alerts when your chosen market hits a pre-set price
FinancialSpreads trading chart
The financial spread betting brokers in the list below offer users access to live charts/prices:
How to Spread Bet on Amgen? |
If an investor wants to speculate on firms like Amgen then one option could be to spread bet on the Amgen share price.
Looking at a financial spread betting site like FinancialSpreads.com, we can see they have priced the Amgen Rolling Daily market at $86.41 - $86.53. As a result, an investor could spread trade on the Amgen shares:
 Going higher than $86.53, or
 Going lower than $86.41
When financial spread betting on S&P 500 shares you trade in £x per cent. Therefore, if you choose to have a stake of £2 per cent and the Amgen share price changes by $0.31 then that would be a difference to your P&L of £62. £2 per cent x $0.31 = £62.
Note that you are also able to spread bet on 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 there is no settlement date for this market. If a trade is still open when the markets close at the end of the day, it just rolls over into the next day.
If your bet is rolled over and you are speculating that the market will:
Go up - then you'll normally be charged a small financing fee, or
Go down - then you will normally receive a small credit to your account
For a more detailed breakdown of Rolling Daily Markets please read our article Rolling Daily Spread Betting.
Amgen Rolling Daily - US Shares Spread Betting Example |
So, if we continue with the above spread of $86.41 - $86.53 and make the assumptions that:
- You've completed your market research, and
- Your research leads you to feel the Amgen shares look like they will push above $86.53
Then you could decide that you are going to buy a spread bet at $86.53 for a stake of £3 per cent.
With such a spread bet you win £3 for every cent that the Amgen shares go higher than $86.53. On the other hand, such a bet also means you will make a loss of £3 for every cent that the Amgen market goes lower than $86.53.
Thinking of this in a slightly different way, should you ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the settlement price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
As a result, if after a few sessions the stock started to rise you might decide to close your position in order to secure your profit.
Taking this a step further, if the market rose then the spread might move to $87.01 - $87.13. In order to close your trade you would sell at $87.01. Therefore, with the same £3 stake you would calculate your profit as:
Your profits (or losses) = (Closing Price - Opening Price) x stake
Your profits (or losses) = ($87.01 - $86.53) x £3 per cent stake
Your profits (or losses) = $0.48 x £3 per cent stake
Your profits (or losses) = 48¢ x £3 per cent stake
Your profits (or losses) = £144 profit
Speculating on shares, whether by spread betting or not, can go against you. In the above example, you wanted the share price to increase. Nevertheless, it can also decrease.
If the Amgen shares had started to fall then you might choose to close your trade in order to limit your losses.
Should the spread fall back to $86.01 - $86.13 you would settle your trade by selling at $86.01. So your loss would be calculated as:
Your profits (or losses) = (Closing Price - Opening Price) x stake
Your profits (or losses) = ($86.01 - $86.53) x £3 per cent stake
Your profits (or losses) = -$0.52 x £3 per cent stake
Your profits (or losses) = -52¢ x £3 per cent stake
Your profits (or losses) = -£156 loss
Note: Amgen Rolling Daily spread betting market quoted as of 06-Feb-13.
Advert:
Amgen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Amgen 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.
'Amgen Spread Betting' by DB, updated 21-Feb-13
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