Canada 60 Spread Betting
Where Can I Spread Bet on the Canada 60? |
You can currently spread bet on the Canada 60 and other indices at:
» IG Index
» CMC Markets
» GFT
The Canada 60 index may be available with other brokers.
Where Can I Trade the Canada 60 for Free? |
It depends upon what you mean by free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on the Canada 60 and other index markets commission free and with no brokers' fees with IG Index.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
How to Spread Bet on the Canada 60? |
As with many markets, an investor can place a spread bet on indices, such as the Canada 60, to either increase or decrease.
Looking at the IGIndex trading site, they are pricing the Canada 60 March Futures market at 804.50 - 805.70. This means you can spread trade on the Canada 60 market:
- Closing higher than 805.70, or
- Closing lower than 804.50
On the expiry date for this 'March' market, 18-Mar-11.
When financial spread betting on the Canada 60 index you trade in £x per point. So, if you invest £10 per point and the Canada 60 moves 5.00 points then that would alter your bottom line by £50. £10 per point x 5.00 points = £50.
For short term trading on indices also see Indices Rolling Daily Spread Betting.
Canada 60 Futures Spread Betting Example
Now, if we consider the above spread of 804.50 - 805.70 and assume that:
- You have completed your analysis of the markets, and
- You feel that the Canada 60 index will settle higher than 805.70 by 18-Mar-11
Then you could decide to go long of the market at 805.70 for a stake of, let’s say, £5 per point.
So, you win £5 for every point that the Canada 60 index increases above 805.70. Of course, you will make a loss of £5 for every point that the Canada 60 market falls below 805.70.
Put another way, 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 difference in price by your stake.
As a result, if, on the expiry date, the Canada 60 index settled higher at 821.80, then:
Profit / loss = (Final Price - Initial Price) x stake
Profit / loss = (821.80 - 805.70) x £5 per point stake
Profit / loss = 16.10 x £5 per point stake
Profit / loss = £80.50 profit
Trading indices, whether by spread betting or otherwise, doesn't always work out as you would have liked. In this example, you wanted the index to go up. Naturally, it could go down.
If the Canada 60 had fallen and closed lower at 787.60, then this means you would end up making a loss and losing money on this spread bet.
Profit / loss = (Final Price - Initial Price) x stake
Profit / loss = (787.60 - 805.70) x £5 per point stake
Profit / loss = -18.10 x £5 per point stake
Profit / loss = -£90.50 loss
Note: Canada 60 March Futures spread betting market correct as of 24-Feb-11.
Where Can I Find Free Live Canada 60 Prices? |
If you want to access quick live market information then you could do worse than opening an account with a spread betting company like IG Index.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
As mentioned above, you can get free charts with spread betting companies like IG.
As with most candlestick charts, you can alter the charts to see market data by the minute, by the hour, by the week etc. There are also a number of other settings designed to help you analyse the markets.
Example Stock Market Charts:
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
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.
'Canada 60 Spread Betting' by DB, updated 17-May-13
For related pages also see:
Indices Spread Betting, updated 24-May-13
Stock market index spread betting guide with live indices prices and charts. Plus a daily stock market review, indices spread betting comparison, where to trade indices commission-free and tax-free* as well as...read article: Indices Spread Betting.
Stock Market Trading, updated 23-May-13
A look at popular stock market trading accounts, commission free trading, stock market charts, a price comparison, how to buy/sell a stock market index, market analysis and...read article: Stock Market Trading.
Stock Market Index Spread Betting Guides, updated 23-May-13
Over 35 individual Stock Market Index spread betting guides for the FTSE 100, Dow Jones, DAX, NASDAQ, Nikkei etc. Each guide looks at live charts and prices, where you can trade the Index commission-free, a fully worked example and...read article: Stock Market Index Spread Betting Guides.
FTSE 100 Spread Betting, updated 24-May-13
FTSE 100 spread betting guide with live FTSE 100 index prices and charts. Plus a FTSE 100 spread betting price comparison, where to spread bet on the FTSE 100 commission-free and tax-free* as well as...read article: FTSE 100 Spread Betting.
Dow Jones Spread Betting, updated 24-May-13
Dow Jones spread betting guide with live Dow Jones index prices and charts. Plus a Dow Jones spread betting price comparison, where to spread bet on the Dow Jones commission-free and tax-free* as well as...read article: Dow Jones Spread Betting.
DAX 30 Spread Betting, updated 24-May-13
DAX 30 spread betting guide with live DAX 30 index prices and charts. Plus a DAX 30 spread betting price comparison, where to spread bet on the DAX 30 commission-free and tax-free* as well as...read article: DAX 30 Spread Betting.
S&P 500 Spread Betting, updated 24-May-13
S&P 500 spread betting guide with live S&P 500 index prices and charts. Plus a S&P 500 spread betting price comparison, where to spread bet on the S&P 500 commission-free and tax-free* as well as...read article: S&P 500 Spread Betting.
NASDAQ 100 Spread Betting, updated 24-May-13
NASDAQ 100 spread betting guide with live NASDAQ 100 index prices and charts. Plus a NASDAQ 100 spread betting price comparison, where to spread bet on the NASDAQ 100 commission-free and tax-free* as well as...read article: NASDAQ 100 Spread Betting.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
