Dax 30 Spread Betting
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Welcome to Clean Financial's guide to Dax 30 spread betting.
Quick and simple answers to common Dax 30 questions:
Q) Where can I Spread Bet on Dax 30?
Q) Where can I Trade for Free on Dax 30?
Q) How to Spread Bet on Dax 30?
Q) Where can I find Free Live Prices on Dax 30?
Q) Where can I find Free Dax 30 Charts?
Advert:
Dax 30 Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Dax 30 with
Financial Spreads.
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Where can I Spread Bet on the Dax 30?
You can currently spread bet on the Dax 30 and other related markets at:
Where can I Trade for Free on the Dax 30?
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 Dax 30 commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including markets like Dax 30, then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Bet on the Dax 30?
As with many markets, you can spread bet on the value of Indices, like the Dax 30, increasing or decreasing.
As it stands the Dax 30 (March) market is priced at 8077 - 8080 with Financial Spreads. This market expires on 21-Mar-08.
Therefore you can financial spreadbet on the Dax 30 settling:
- Above 8080 on 21-Mar-08, or
- Below 8077 on 21-Mar-08
It should be noted that the Dax 30 market, you trade in £X per point, where a point is 1 point of Dax 30 movement. As an example if your stake was £10 per point and the Dax 30 moves 8 points then that would be an £80 difference to your profit and loss.
Dax 30 Spread Betting Example
Taking the above spread of 8077 – 8080, lets say you think that the Dax 30 should go beyond 8080 points by 21-Mar-08.
Therefore you buy at 8080 for a stake of, let’s day, £5 per point.
And let's say that at the expiry date the Index closes at 8092.
Then your P&L is calculated by taking the difference between the final value of 8092 and the price you bought the market at, 8080, and then multiplying that by the stake per point.
Profits = (8092 - 8080) x £5 per point stake.
= 12 x £5 per point stake.
= £60 profit.
Nevertheless if the market didn't work as expected and had the Dax 30 decreased in value and closed at a lower value of 8066, you would have made a loss on this spreadbet.
Loss = (8066 - 8080) x £5 per point stake.
= -14 x £5 per point stake.
= -£70 loss.
Note: DAX Spread betting example prices quoted: 22-Oct-07.
Where can I Find Free Live Prices on the Dax 30?
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 Dax 30 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.
Advert:
Dax 30 Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Dax 30 with
Financial Spreads.
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About the Dax
The DAX or Dax 30 is the index of the Germany's top 30 companies, in terms of order book volume and market capitalization. The index starts at 9.00am and ends with the prices from the Xetra (the Dax electronic trading system) closing auction at 5.30pm.
For more details visit the official DAX Website: http://deutsche-boerse.com
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.
'Dax 30 Spread Betting' by DB, updated 18-Jan-12
For related pages also see:
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FTSE trading information, where to find free FTSE charts and prices, how to spread bet on Indices, including the FTSE...read article: FTSE Spread Betting.
Euro Stoxx Spread Betting, updated 18-Jan-12
Euro Stoxx trading information, where to find free Euro Stoxx charts and prices, how to spread bet on Indices, including the Euro Stoxx...read article: Euro Stoxx Spread Betting.
Dax 30 Spread Betting, updated 18-Jan-12
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Selling the FTSE 100, updated 12-Dec-08
Q) Where can I Trade for Free on FTSE 100? Q) How to Spread Bet on FTSE 100? Q) Where can I find Free Live Prices on FTSE 100?...The Answers...read article: Selling the FTSE 100.
Financial Spread Bet on Wall Street, updated 11-Dec-08
Q) Where can I Trade for Free on Wall Street? Q) How to Spread Bet on Wall Street? Q) Where can I find Free Live Prices on Wall Street? The Answers...read article: Financial Spread Bet on Wall Street.
Spread Bet on Stock Market Indices, updated 01-Dec-08
To spread bet on stock market indices you do so in the same way as other spreads bets. A number of spread betting firms offer both a daily and futures Index market...read article: Spread Bet on Stock Market Indices.
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