Arcelor Mittal Spread Betting
Where Can I Spread Bet on Arcelor Mittal? |
Currently, investors are able to take a view on Arcelor Mittal with an account from a number of providers:
Advert:
Arcelor Mittal Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Arcelor Mittal with
Financial Spreads.
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Where Can I Spread Bet on Arcelor Mittal for Free? |
Investing isn't risk free, however, if you would like to open a completely free Test Account, where you can access professional charts and try out spread trading, then see below for further details.
When thinking about which trading option is right for you, don't forget that spread trading, in the UK, is tax free*, i.e. there is no capital gains tax, income tax or stamp duty.
If you're interested in a free financial spread betting platform then you should note that you are able to financial spread bet on Arcelor Mittal with no brokers' fees with companies such as:
If you are looking for a (free) Practice Account which lets you try out online spread betting, including markets such as EUR/USD, the Dow Jones, crude oil and Arcelor Mittal, then you could always look into:
The above spread trading firms provide a risk free Demo Account that lets users analyse charts, gain experience with an array of trading orders and try out theories.
Where Can I Find Live Spread Betting Prices and Charts for Arcelor Mittal? |
The following CFD chart and prices will offer readers a helpful guide to the Arcelor Mittal share price.
The chart above is provided by Plus500 and is typically based on the Arcelor Mittal futures market.
To check spread betting prices/charts for Arcelor Mittal, you will normally require a spread betting account.
Also, a spreads account gives you access to short-term daily markets. Accounts are subject to credit, suitability and status checks.
Should your account application be approved then you can log in and access the live prices/charts. On most platforms, these are free. The catch is that you'll probably receive an occasional sales email and/or call from the relevant spread betting provider.
If you do trade then, before you start, be aware that spread betting and contracts for difference involve a high level of risk to your funds and you could lose more than your initial investment.
Professional Level Charting Packages for Arcelor Mittal |
Although charting software and packages vary from firm to firm, in order to help your trading, most charts generally come with valuable tools and features, including:
- A range of time intervals e.g. 5 minutes, 30 minutes, 4 hours etc.
- A variety of display options e.g. candlestick and line charts
- Drawing options and tools e.g. Fibonacci arcs, fans and time zones
The charts from Capital Spreads also offer more advanced features:
- Back Testing, Custom Indicators and Optimisation tools
- Overlays e.g. Parabolic SAR, Ichimoku Clouds, Chande Kroll Stop etc.
- Over 30 indicator charts e.g. Standard Deviation, Momentum Percentage, Volume Index etc.
- Custom email notifications for when a market reaches a pre-set level
Example FinancialSpreads trading chart
The financial spread betting companies listed below provide their users with live trading charts/prices:
How to Spread Bet on Arcelor Mittal? |
If you are going to invest in companies such as Arcelor Mittal then one option could be to place a spread bet on the Arcelor Mittal share price.
Looking at a spread betting platform like FinancialSpreads.com, you can see they have priced the Arcelor Mittal Rolling Daily market at €13.46 - €13.50. This means that you can put a spread bet on the Arcelor Mittal shares:
 Rising higher than €13.50, or
 Falling lower than €13.46
When spread betting on Dutch equities you trade in £x per cent. As a result, if you choose to risk £4 per cent and the Arcelor Mittal share price changes by €0.29 then that would alter your profit/loss by £116. £4 per cent x €0.29 = £116.
Note that you can also trade this market in Euros or Dollars, e.g. $x per cent.
Rolling Daily Equities Markets
It is important to note that this is a Rolling Daily Market and so there is no predetermined closing date for this market. If a trade is still open when the markets close at the end of the day, it simply rolls over to the next trading day.
Should your bet roll over, if you are speculating that the market will:
Move up - then you'll normally be charged a small financing fee, or
Move down - then you'll normally receive a small credit 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.
Arcelor Mittal Rolling Daily - Dutch Shares Spread Betting Example |
Now, if we consider the above spread of €13.46 - €13.50 and make the assumptions that:
- You've completed your market research, and
- You think that the Arcelor Mittal shares look like they will go higher than €13.50
Then you could decide that you want to buy at €13.50 for a stake of £4 per cent.
With such a spread bet you make a profit of £4 for every cent that the Arcelor Mittal shares increase and move above €13.50. However, it also means that you will lose £4 for every cent that the Arcelor Mittal market goes below €13.50.
Considering this from another angle, if you buy a spread bet then your profit/loss is found by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that difference in price by your stake.
As a result, if after a few days the shares started to move upwards then you could choose to close your trade to secure your profit.
So if the market moved up then the spread could change to €13.84 - €13.88. You would settle/close your trade by selling at €13.84. As a result, with the same £4 stake you would calculate your profit as:
Profit / loss = (Final Level - Opening Level) x stake
Profit / loss = (€13.84 - €13.50) x £4 per cent stake
Profit / loss = €0.34 x £4 per cent stake
Profit / loss = 34c x £4 per cent stake
Profit / loss = £136 profit
Trading equities, by spread betting or otherwise, is not always simple. In this case, you wanted the share price to rise. Nevertheless, it can also decrease.
If the Arcelor Mittal share price fell then you could choose to close your position to limit your losses.
Should the market drop to €13.20 - €13.24 then you would settle your spread bet by selling at €13.20. Accordingly, your loss would be:
Profit / loss = (Final Level - Opening Level) x stake
Profit / loss = (€13.20 - €13.50) x £4 per cent stake
Profit / loss = -€0.30 x £4 per cent stake
Profit / loss = -30c x £4 per cent stake
Profit / loss = -£120 loss
Note - Arcelor Mittal Rolling Daily equities market taken as of 23-Jan-13.
Advert:
Arcelor Mittal Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Arcelor Mittal 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.
'Arcelor Mittal Spread Betting' by DB, updated 05-Feb-13
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