Goldman Sachs Spread Betting
Where Can I Spread Bet on Goldman Sachs? |
You are currently able to spread bet with zero commissions and no brokers' fees on Goldman Sachs with an account from any of these spread betting firms:
Advert:
Goldman Sachs Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Goldman Sachs with
Financial Spreads.
|
Where Can I Spread Bet on Goldman Sachs for Free? |
Speculating always includes a degree of risk, but if you'd like to try a Practice Account, that lets you try out spread trading on a large range of markets, then see below for more details.
When thinking about which investment option might work for you, also remember that, in the UK, financial spread betting is tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you're trying to find a low cost spread trading website then you should note that you are able to trade Goldman Sachs with no brokers' fees and no commissions through providers such as:
If you would like to open a free Test Account where you can try out financial spread betting, and trading markets such as Goldman Sachs, then you could always look at:
Each of the spread trading companies listed above offer a free Practice Account which investors can use to practice with a host of trading orders, test trading ideas and review charts.
Where Can I Find Live Spread Betting Prices and Charts for Goldman Sachs? |
The interactive CFDs chart below provides you with a good guide to the Goldman Sachs share price.
The above chart typically tracks the Goldman Sachs futures contract (not the spot price).
If you want to analyse real time spread betting charts and prices for Goldman Sachs, you can use a spread trading account.
In addition, a spreads account will let you access the shorter term spot markets. Note: Opening any such account is subject to status.
If your new account is accepted then you can log on and study the live trading charts/prices. Usually, these will be free. So what's the catch? You might get the odd call or newsletter from your chosen spread trading provider.
If you do trade then be aware that contracts for difference and spread trading do carry a high level of risk to your funds and can result in you losing more than your initial deposit.
Professional Level Charting Packages for Goldman Sachs Shares |
Despite the fact that the charts tend to differ between providers, in order to assist you with your trading analysis, they often have tools and features that include:
- A range of time intervals - 2 minutes, 1 hour, 1 day and so on
- Various displays - candlestick and OHLC charts
- Tools for drawing features - trendlines, Fibonacci fans, time zones and arcs
The charts provided by Inter Trader also have:
- BackTesting tools and Customisable Indicators
- Overlays - Bollinger Bands, Parabolic SAR, Linear Regression and so on
- A selection of indicators - Chaikin Money Flow, RVI, TRIX and so on
- Automatic alerts that trigger when your chosen market hits a certain price
Example share trading chart
The spread betting firms listed below give their clients real-time prices and charts:
How to Spread Bet on Goldman Sachs? |
Should an investor decide to speculate on firms such as Goldman Sachs then one possibility is to spread bet on the Goldman Sachs share price.
Looking at a spread trading site like Tradefair, you can see they are pricing the Goldman Sachs Rolling Daily market at $150.05 - $150.26. This means you could spread bet on the Goldman Sachs share price:
 Moving higher than $150.26, or
 Moving lower than $150.05
When financial spread betting on US shares you trade in £x per cent. As a result, if your stake was £3 per cent and the Goldman Sachs share price moves $0.34 then that would alter your profits (or losses) by £102. £3 per cent x $0.34 = £102.
Note that you are also able to spread bet on this market in Euros or Dollars, e.g. €x per cent.
Rolling Daily Equities Markets
This is a Rolling Daily Market which means that unlike a normal futures market, there is no settlement date. You do not have to close your trade, should it still be open at the end of the trading day, it will simply roll over to the next trading day.
If your spread bet is rolled over and you are speculating that the market will:
Rise - then you'll often be charged a small financing fee, or
Fall - then you'll normally receive a small credit to your account
To see a fully worked example read Rolling Daily Spread Betting.
Goldman Sachs Rolling Daily - US Shares Trading Example |
So, if you continue with the spread of $150.05 - $150.26 and make the assumptions:
- You've analysed the markets, and
- Your research leads you to think that the Goldman Sachs shares are likely to go higher than $150.26
Then you could decide that you are going to buy at $150.26 for a stake of £2 per cent.
So, you make a profit of £2 for every cent that the Goldman Sachs shares move above $150.26. Conversely, however, you will lose £2 for every cent that the Goldman Sachs market goes lower than $150.26.
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 price you bought the market at. You then multiply that difference in price by your stake.
If after a few days the shares started to move upwards then you could choose to close your trade in order to secure your profit.
Taking this a step further, if the market did go up then the spread, determined by the spread betting company, could be adjusted to $151.16 - $151.37. In order to close your position you would sell at $151.16. Therefore, with the same £2 stake you would calculate your profit as:
P&L = (Final Price - Opening Price) x stake
P&L = ($151.16 - $150.26) x £2 per cent stake
P&L = $0.90 x £2 per cent stake
P&L = 90¢ x £2 per cent stake
P&L = £180 profit
Trading equities, by spread trading or otherwise, doesn't always work out as you would have liked. In the above example, you had bet that the share price would rise. However, the share price could fall.
If the Goldman Sachs share price began to drop then you might choose to close your position to limit your losses.
If the market fell to $149.28 - $149.49 you would settle your trade by selling at $149.28. As a result, your loss would be:
P&L = (Final Price - Opening Price) x stake
P&L = ($149.28 - $150.26) x £2 per cent stake
P&L = -$0.98 x £2 per cent stake
P&L = -98¢ x £2 per cent stake
P&L = -£196 loss
Note: Goldman Sachs Rolling Daily spread quoted as of 06-Feb-13.
Advert:
Goldman Sachs Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Goldman Sachs 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.
'Goldman Sachs Spread Betting' by DB, updated 18-Feb-13
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