Check Point Software Spread Betting
Where Can I Spread Bet on Check Point Software? |
Investors can take a view on Check Point Software by trading with any of the following spread betting firms:
Advert:
Check Point Software Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Check Point Software with
Financial Spreads.
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Where Can I Spread Bet on Check Point Software for Free? |
Speculating on the financial markets involves an element of risk, however, if you want to open a free Demo Account, that lets you try out financial spread betting on an array of markets, then please see below for more details.
When thinking about which trading option is right for you, also remember that in the UK, spread trading is currently exempt from stamp duty, income tax and capital gains tax*.
If you're trying to find a low cost trading platform, keep in mind that investors can trade Check Point with no brokers' fees and no commissions with firms such as:
If you want a (free) Practice Account where users can try out financial spread betting, and markets like Check Point, then you could consider:
Each of these companies offer a free Test Account which lets investors try out strategies, analyse charts and practice with a host of trading orders, e.g. GFD and OCO orders.
How to Spread Bet on Check Point Software? |
If you are going to invest in US companies like Check Point Software then one solution could be to place a spread bet on the Check Point share price.
Looking at a financial spread betting site like Capitalspreads, we can see they are currently showing the Check Point Rolling Daily market at $50.92 - $51.01. Therefore, you can spread bet on the Check Point shares:
 Going above $51.01, or
 Going below $50.92
Whilst financial spread trading on US equities you trade in £x per cent. As a result, if you decide to have a stake of £4 per cent and the Check Point share price changes by $0.27 then there would be a difference to your P&L of £108. £4 per cent x $0.27 = £108.
You are also able to trade this market in Euros or Dollars, e.g. €x per cent.
Rolling Daily Shares Markets
Note that this is a Rolling Daily Market and therefore in contrast with futures markets, there is no settlement date. If you leave your position open at the end of the day, it just rolls over to the next day.
If you allow your trade to roll over and are spread betting on the market to:
Go up - then you are normally charged a small financing fee, or
Go down - then a small payment is normally credited to your account
Our article Rolling Daily Spread Betting goes into more detail about Rolling Daily Markets and includes a fully worked example.
Check Point Rolling Daily - US Shares Trading Example |
Now, if we take the above spread of $50.92 - $51.01 and assume that:
- You have done your equities research, and
- Your analysis leads you to think that the Check Point share price looks like it will increase and go higher than $51.01
Then you might buy a spread bet at $51.01 and risk, let’s say, £3 per cent.
With such a spread bet you win £3 for every cent that the Check Point shares increase and move above $51.01. Of course, it also means that you will lose £3 for every cent that the Check Point market goes lower than $51.01.
Thinking of this in a slightly different way, 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 spread at. You then multiply that difference in price by the stake.
As a result, if after a few trading sessions the share price started to move upwards then you could choose to close your position so that you can secure your profit.
Therefore, if the market moved up then the spread, set by the spread betting company, could change to $51.39 - $51.48. You would close your trade by selling at $51.39. Accordingly, with the same £3 stake your profit would be:
Your P&L = (Settlement Price - Initial Price) x stake
Your P&L = ($51.39 - $51.01) x £3 per cent stake
Your P&L = $0.38 x £3 per cent stake
Your P&L = 38¢ x £3 per cent stake
Your P&L = £114 profit
Speculating on equities, whether by spread trading or otherwise, can go against you. In the above example, you wanted the share price to rise. Of course, the share price could fall.
If the Check Point stock began to drop then you might choose to close your position to stop any further losses.
So if the spread dropped to $50.57 - $50.66 then you would close your position by selling at $50.57. That would mean you would lose:
Your P&L = (Settlement Price - Initial Price) x stake
Your P&L = ($50.57 - $51.01) x £3 per cent stake
Your P&L = -$0.44 x £3 per cent stake
Your P&L = -44¢ x £3 per cent stake
Your P&L = -£132 loss
Note - Check Point Software Rolling Daily spread betting price correct as of 06-Feb-13.
Where Can I Find Live Spread Betting Prices and Charts for Check Point Software? |
If you'd like to access live charts/prices for Check Point, one option is to use a spread betting account. Please note that all such accounts are subject to suitability and status checks.
If your application is accepted, you can log on and analyse the live charts and the current prices. Usually, these are free. So what's the catch? You could receive an occasional letter and/or sales call from your spread trading firm.
If you want to spread bet then you should note that spread trading involves a significant level of risk and can result in you losing more than your initial investment.
Although the specific charting packages normally vary from platform to platform, to help you with your technical analysis, the charts often come with handy tools such as:
- A large range of intervals such as 2 minutes, 1 hour, 2 hours and so on
- Different chart views such as line charts and candle charts
- Tools for adding features such as trendlines, Fibonacci arcs, fans and time zones
The charts from InterTrader also offer more advanced aspects:
- Customisable Indicators, BackTesting and Optimisation functions
- Numerous chart overlays such as Bollinger Bands, Moving Average, Envelopes and so on
- Over 30 indicator charts such as Relative Momentum Index, Chaikin's Money Flow, Swing Index and so on
- Custom email notifications for when the markets hit a particular level
Sample chart from Financial Spreads
The following online spread betting companies give their account holders live prices/charts:
Advert:
Check Point Software Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Check Point Software 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.
'Check Point Software Spread Betting' by DB, updated 26-Sep-12
For related pages also see:
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