Charter Spread Betting
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Welcome to Clean Financial's guide to Charter spread betting.
Quick and simple answers to common Charter questions:
Q) Where can I Spread Bet on Charter?
Q) Where can I Trade for Free on Charter?
Q) How to Spread Bet on Charter?
Q) Where can I find Free Live Prices on Charter?
Q) Where can I find Free Charter Charts?
Advert:
Charter Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Charter with
Financial Spreads.
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Where can I Spread Bet on Charter shares?
You can currently spread bet on Charter and other equities at:
You may also be able to spread bet on Charter with other companies.
Where can I Spread Bet on Charter shares for Free?
It depends upon what you mean by 'Free'
- Spread betting is not risk free. You can lose more than your initial investment.
- If you're looking for a free Demo Account where you can practice equities spread trading see below.
- Tax 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 Charter and other shares with no commissions and with no brokers fees at:
Free Demo Account
If you are looking for a free Practice Account / Test Account where you can trial spread betting, including shares like Charter, then you could try:
Each of the above currently offers a free demo account.
How to Spread Bet on Charter Shares?
Currently, the Charter (December) market is 598.6p - 601.7p with TradefairSpreads. This market expires on 15-Dec-09.
Like many markets, you can financial spread trade on the future price of shares, like Charter shares, rising or falling.
This means you can trade on Charter shares settling:
- Above 601.7p, or
- Below 598.6p
On the expiry date for this market, 15-Dec-09.
When financial spread trading on UK shares you trade in £x per penny, where a penny, in this case, is 1p of Charter share price movement.
As an example, if your stake was £3 per penny and the Charter shares move 20p then that would be a £60 difference to your bottom line.
Spread Trading Example – Charter Shares
So, if you consider the spread of 598.6p - 601.7p and make the assumptions:
a) you have done your market research, and
b) you think that the Charter shares look like they will close higher than 601.7p on 15-Dec-09
Then, as a result, you might buy at 601.7p for a stake of, let's say, £2 per penny.
If you 'Buy' a spread bet then your profit/loss is found by taking the difference between the settlement level of the market and the price you bought the market at. You then multiply that difference by the stake per penny of share price movement.
Therefore, if, on the closing date, the market settles at 635p, then:
Profit and loss = (Closing Price - Opening Price) x stake.
Profit and loss = (635.0p - 601.7p) x £2 per penny stake.
Profit and loss = 33.3p x £2 per penny stake.
Profit and loss = £66.60 profit.
Spread trading shares is not always straightforward. If the market didn't move as predicted, and had the Charter stock fallen and the market closed at a lower value of 570p, then you would have lost on this spread bet.
Profit and loss = (Closing Price - Opening Price) x stake.
Profit and loss = (570.0p - 601.7p) x £2 per penny stake.
Profit and loss = -31.7p x £2 per penny stake.
Profit and loss = -£63.40 loss.
(Markets quoted as of 26-Aug-09).
Where can I Find Live Prices on Charter?
If you want to access live spread betting markets then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
The spread betting companies listed on this site do not charge a fee to apply for an account.
If your application is approved then you can log on to their website and access their Live Prices and charts. There is no charge for looking at their prices.
The catch? You'll get the odd email or letter from them. The companies below also offer clients access to candlestick charts.
Of course, if you do trade then you should note that spread betting carries a high level of risk to your capital and you could lose more than your initial investment.
Live prices are available for account holders at:
Where can I Find Candlestick Charts for Charter?
Like live prices, if you want to access to candlestick charts then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
If your application is approved then you can log on to their website and access their candlestick charts.
You can often alter the charts to see market data by the minute, by the hour, by the week etc. There are also other settings that you can easily add such as Bollinger Bands and Moving Averages.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
Advert:
Charter Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Charter 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.
'Charter Spread Betting' by DB, updated 16-Oct-12
For related pages also see:
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Misys Spread Betting, updated 29-Aug-12
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Northumbrian Water Group Spread Betting, updated 26-Oct-12
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Robert Wiseman Dairies Spread Betting, updated 30-May-12
Robert Wiseman Dairies spread betting. Where to find Robert Wiseman Dairies real-time prices and charts, how to trade on Robert Wiseman Dairies equities and the most popular questions on Robert Wiseman Dairies...read article: Robert Wiseman Dairies Spread Betting.
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