Colgate-Palmolive Spread Betting
Where Can I Spread Bet on Colgate-Palmolive? |
Currently, investors are able to speculate on Colgate-Palmolive with an account from any of these companies:
Advert:
Colgate-Palmolive Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Colgate-Palmolive with
Financial Spreads.
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Where Can I Spread Bet on Colgate-Palmolive for Free? |
Trading does involve risks. Nevertheless, if you want to open a Practice Account, which lets you trial financial spread betting and check trading charts, then please see below for further details.
When thinking about which trading option might work for you, don't forget that, in the UK, spread trading is currently tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you are interested in a low cost spread betting website then keep in mind that you can trade Colgate-Palmolive with no brokers' fees and no commissions at:
If you are looking for a virtual money Demo Account / Practice Account that allows users to try out financial spread betting, and speculating on markets such as Colgate-Palmolive, then you could always look into:
All of the above spread trading companies provide a free Demo Account which lets investors practice with a range of trading orders, study professional level charts and try out trading strategies.
Where Can I Find Live Spread Betting Prices and Charts for Colgate-Palmolive? |
Although the specific charting packages differ across the various providers, to help you with your trading analysis, the majority of charts usually have useful features and tools that include:
- An array of time periods e.g. 5 minutes, 30 minutes, 2 hours etc.
- Various display styles e.g. candlestick, line and OHLC charts
- Drawing tools e.g. trendlines, Fibonacci time zones, arcs and fans
Charts from Inter Trader also have more advanced features:
- Custom Indicators and Back Testing tools
- Important overlays e.g. Exponential Moving Average, Bollinger Bands, Linear Regression etc.
- A wide selection of secondary charts e.g. True Strength Index, Range Indicator, Klinger Oscillator etc.
- Automated email alerts when the markets reach a pre-determined price
Example equities trading chart from Financial Spreads
The spread betting firms in the list below give their clients charts and live prices:
How to Spread Bet on Colgate-Palmolive? |
If you are going to invest in US listed companies such as Colgate-Palmolive then one option is to spread trade on the Colgate-Palmolive share price.
Looking at a spread betting platform like Financial Spreads, we can see that they are currently showing the Colgate-Palmolive Rolling Daily market at $108.99 - $109.18. This means you could spread bet on the Colgate-Palmolive share price:
 Moving higher than $109.18, or
 Moving lower than $108.99
When financial spread betting on US equities you trade in £x per cent. So, if you choose to risk £3 per cent and the Colgate-Palmolive share price changes by $0.36 then that would alter your profits (or losses) by £108. £3 per cent x $0.36 = £108.
Note that you can also trade this market in Euros or Dollars, e.g. €x per cent.
Rolling Daily Equities Markets
An important aspect of this Rolling Daily Market is that it does not have a set closing date. If your trade is open at the end of the day, it simply rolls over to the next trading day.
If a position is rolled over and you are speculating on the market to:
Go up - then you will often be charged a small financing fee, or
Go down - then you will often receive a small payment to your account
For more information see Rolling Daily Spread Betting.
Colgate-Palmolive Rolling Daily - US Equities Spread Trading Example |
So, if you consider the spread of $108.99 - $109.18 and assume:
- You have analysed the stock market, and
- Your research leads you to feel that the Colgate-Palmolive share price is likely to rise higher than $109.18
Then you could decide that you are going to buy at $109.18 and risk, let’s say, £2 per cent.
With such a bet you win £2 for every cent that the Colgate-Palmolive shares push above $109.18. On the other hand, it also means you will make a loss of £2 for every cent that the Colgate-Palmolive market goes lower than $109.18.
Looked at another way, if you buy a spread bet then your profit/loss is worked out by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
If after a few days the share price rose then you might want to close your position in order to lock in your profit.
So if the market rose then the spread, set by the spread trading company, might change to $110.03 - $110.22. You would settle/close your trade by selling at $110.03. As a result, with the same £2 stake you would make a profit of:
P&L = (Closing Price - Opening Price) x stake
P&L = ($110.03 - $109.18) x £2 per cent stake
P&L = $0.85 x £2 per cent stake
P&L = 85¢ x £2 per cent stake
P&L = £170 profit
Speculating on equities, by spread betting or otherwise, is not always easy. In this case, you had bet that the share price would go up. Nevertheless, it could decrease.
If the Colgate-Palmolive stock began to fall then you might decide to settle/close your spread bet in order to limit your losses.
If the spread dropped to $108.42 - $108.61 then you would close your trade by selling at $108.42. This would result in a loss of:
P&L = (Closing Price - Opening Price) x stake
P&L = ($108.42 - $109.18) x £2 per cent stake
P&L = -$0.76 x £2 per cent stake
P&L = -76¢ x £2 per cent stake
P&L = -£152 loss
Note: Colgate-Palmolive Rolling Daily spread betting market taken as of 06-Feb-13.
Advert:
Colgate-Palmolive Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Colgate-Palmolive 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.
'Colgate-Palmolive Spread Betting' by DB, updated 01-Nov-12
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