Citrix Spread Betting
Where Can I Spread Bet on Citrix? |
Investors are currently able to spread bet without paying any brokers' fees or commissions on Citrix, in addition to a host of similar online markets, through companies like:
Advert:
Citrix Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Citrix with
Financial Spreads.
|
Where Can I Spread Bet on Citrix for Free? |
By its very nature, speculating always includes an element of risk. Nevertheless, if you want to open a Practice Account, where you can try spread betting, then please see below for more details.
When looking at which investment option is right for you, also remember that spread trading in the UK is currently free of tax*.
If you are looking for a low cost spread trading site, you should keep in mind that you can speculate on Citrix without paying any brokers' fees with companies like:
If you want a completely free Practice Account so you can trial online spread betting on markets like Citrix, then you can always consider:
Each of the spread betting firms listed above provide a risk free Practice Account that allows investors to practice with a host of orders, study charts and test new trading strategies.
Where Can I Find Live Spread Betting Prices and Charts for Citrix? |
The real-time CFD trading chart and prices below will give readers a useful overview of the Citrix share price.
The chart above is from Plus 500 and typically uses the near-term Citrix futures market (not the daily market).
To access spread trading charts/prices for Citrix, you might require a financial spread betting account.
This would also let you trade on the short-term daily markets. Readers should note that opening an account is subject to credit, status and suitability checks.
Should your account application be accepted, you can log on and check the up-to-the-minute trading charts and prices. These are usually provided as part of the service, however, the catch is that you could get the odd email or sales call from the spread trading firm.
If you decide to trade then you should note that CFD trading and spread trading involve a high degree of risk to your funds and can result in losses that are greater than your initial deposit.
Professional Charting Packages for Citrix |
Despite the fact that the specific charting packages tend to differ from firm to firm, in order to help your technical analysis, most charts have user friendly features such as:
- A wide range of intervals such as 3 minutes, 1 hour, 4 hours etc
- Different views such as line charts and candle charts
- Drawing tools such as Fibonacci Fans, Time Zones and Arcs
Charts on FinancialSpreads.com also offer other benefits:
- Back Testing, Custom Indicators and Optimisation tools
- Useful technical overlays such as Ichimoku Kinko Hyo, EMA, Price Channels etc
- A choice of indicator charts such as Historical Volatility, Relative Strength Index (RSI), % Price Oscillator etc
- Automatic email notifications when your chosen market reaches a certain level
FinancialSpreads equities chart
The following financial spread betting companies give clients access to prices and live charts:
How to Spread Bet on Citrix? |
If you are going to speculate on US listed companies such as Citrix then one option could be spread betting on the Citrix share price.
Logging into InterTrader, you can see they are valuing the Citrix Rolling Daily market at $72.88 - $73.01. As a result, an investor could spread trade on the Citrix shares:
 Moving above $73.01, or
 Moving below $72.88
When making a spread bet on S&P 500 equities you trade in £x per cent. Therefore, if you decided to have a stake of £3 per cent and the Citrix share price changes by $0.38 then that would be a difference to your profit/loss of £114. £3 per cent x $0.38 = £114.
Note that you can also invest in this market in Dollars or Euros, e.g. $x per cent.
Rolling Daily Equities Markets
An important aspect of this Rolling Daily Market is that there is no preset settlement date for this market. Should your trade be left open at the end of the trading day, it will just roll over into the next trading session.
Should your spread bet roll over, if you are speculating that the market will:
Rise - then you will pay a small overnight financing fee, or
Fall - then you'll usually receive a small credit to your account
Our article Rolling Daily Spread Betting goes into more detail about Rolling Daily Markets and includes a fully worked example.
Citrix Rolling Daily - US Shares Trading Example |
If you take the spread of $72.88 - $73.01 and assume that:
- You've done your analysis of the company, and
- You think that the Citrix shares are likely to move above $73.01
Then you could decide to buy at $73.01 and invest, for the sake of argument, £3 per cent.
So, you make a profit of £3 for every cent that the Citrix shares increase and move higher than $73.01. Of course, it also means that you will make a loss of £3 for every cent that the Citrix market goes below $73.01.
Thinking of this in a slightly different way, if 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 market at. You then multiply that price difference by the stake.
As a result, if after a few hours the shares rose then you might want to close your position and therefore guarantee your profits.
As an example, if the market increased then the spread could change to $73.53 - $73.66. To close your position you would sell at $73.53. Therefore, with the same £3 stake your profit would come to:
Your P&L = (Final Price - Initial Price) x stake
Your P&L = ($73.53 - $73.01) x £3 per cent stake
Your P&L = $0.52 x £3 per cent stake
Your P&L = 52¢ x £3 per cent stake
Your P&L = £156 profit
Speculating on shares, by spread trading or otherwise, is not always simple. In this case, you wanted the share price to increase. Nevertheless, the share price could decrease.
If the Citrix share price dropped then you might decide to settle/close your position in order to limit your losses.
So if the spread dropped to $72.43 - $72.56 then you would settle/close your trade by selling at $72.43. If so, that would mean you would lose:
Your P&L = (Final Price - Initial Price) x stake
Your P&L = ($72.43 - $73.01) x £3 per cent stake
Your P&L = -$0.58 x £3 per cent stake
Your P&L = -58¢ x £3 per cent stake
Your P&L = -£174 loss
Note: Citrix Rolling Daily spread betting market taken as of 06-Feb-13.
Advert:
Citrix Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Citrix 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.
'Citrix Spread Betting' by DB, updated 25-Feb-13
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