Copper Spread Betting
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Welcome to Clean Financial's guide to Copper spread betting.
Quick and simple answers to common Copper questions:
Q) Where can I Spread Bet on Copper?
Q) Where can I Trade for Free on Copper?
Q) How to Spread Bet on Copper?
Q) Where can I find Free Live Prices on Copper?
Q) Where can I find Free Copper Charts?
Advert:
Copper Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Copper with
Financial Spreads.
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Where can I Spread Bet on Copper?
You can spread bet on Copper and a range of other commodities at:
Where can I Trade for Free on the Copper?
It depends upon what you mean by free. If you're looking for a free Demo Account where you can practice 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 Copper and other commodities commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Demo Account / Test Account where you can trial spread betting, including commodities such as like Copper, then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Bet on Copper?
As with many financial markets, you can spread bet on the future price of commodities, like copper, rising or falling.
As it stands the Copper (January) market is $3.0160 - $3.0240 with FinancialSpreads.com. This market expires on 26-Dec-07.
Therefore you can online spread bet on copper settling:
- Above $3.0240, or
- Below $3.0160
By the expiry date of 26-Dec-07.
It is important to note that with the Copper market, you trade in £X per tick, where a tick is $0.0001 of Copper price movement. Eg if your stake was £4 per tick and the price of Copper moves $0.0005 (5 ticks) then that would be a £20 difference to your profits.
£4 per tick x 5 ticks = £20
Copper Financial Spread Trading Example
So let's say, taking the above spread of $3.0160 - $3.0240, that you think that the price of Copper will increase beyond the $3.0240 mark by 26-Dec-07.
Therefore you buy at $3.0240 for a stake of, let’s say, £2 per tick.
And let's say that by the expiry date, the market closes at $3.0315, if so:
Your profit and loss is found by taking the difference between the closing value, $3.0315 and the value you bought the spread bet at, $3.0240, and then multiplying that by the stake per tick.
Profits = (($3.0315 - $3.0240) / 0.0001) x £2 per tick stake.
= ($0.0075 / $0.0001) x £2 per tick stake.
= 75 ticks x £2 per tick stake.
= £150 profit.
But if the market didn't move as you originally forecast and had the price of Copper gone against your trade and the market closed at a lower than expected level of, let’s say, $3.0150, then you would have lost on this spread trade.
Loss = (($3.0150 - $3.0240) / 0.0001) x £2 per tick stake.
= (-$0.0090 / $0.0001) x £2 per tick stake.
= -90 ticks x £2 per tick stake.
= -£180 loss.
Where can I Find Free Live Prices on Copper?
If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
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.
There are also live prices available at:
Where can I Find Free Copper Charts?
As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.
The Copper chart below is not showing errors but is showing a good example of how markets ‘gap’. This tends to happen with less popular markets like Copper Futures.
Advert:
Copper Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Copper with
Financial Spreads.
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Note: Spread betting example prices quoted: 28-Nov-07.
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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.
'Copper Spread Betting' by DB, updated 31-Jan-12
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