Greece 20 Spread Betting
Where Can I Spread Bet on the Greece 20? |
You can currently spread bet on the Greece 20 and other indices at:
» IG Index
The Greece 20 index may be available with other brokers.
Where Can I Trade the Greece 20 for Free? |
It depends upon what you mean by 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 the Greece 20 and other index markets commission free and with no brokers' fees with IG Index.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
How to Spread Bet on the Greece 20? |
As with a range of financial markets, it is possible to spread bet on stock market indices, such as the Greece 20, to go up or down.
If an investor was to look at the IGIndex spread betting site, they are valuing the Greece 20 March Futures market at 743.3 - 748.0. Therefore, an investor can spread bet on the Greece 20 index:
- Settling higher than 748.0, or
- Settling lower than 743.3
On the settlement date for this 'March' market, 18-Mar-11.
Whilst financial spread trading on the Greece 20 index you trade in £x per point. As a result, should you choose to invest £10 per point and the Greece 20 moves 5.0 points then that would alter your P&L by £50. £10 per point x 5.0 points = £50.
For short term trading on indices also see Indices Spread Betting.
Greece 20 Futures Trading Example
If you think about the above spread of 743.3 - 748.0 and make the assumptions that:
- You have analysed your chosen market, and
- You feel that the Greece 20 index will close higher than 748.0 by 18-Mar-11
Then you could decide that you want to buy at 748.0 for a stake of £5 per point.
With such a bet you make a profit of £5 for every point that the Greece 20 index rises above 748.0. Having said that, such a bet also means that you will lose £5 for every point that the Greece 20 market decreases below 748.0.
Thinking of this in a slightly different way, if you were to ‘Buy’ a spread bet then your P&L is calculated by taking the difference between the closing price of the market and the price you bought the spread at. You then multiply that price difference by the stake.
Therefore, if, on the closing date, the Greece 20 market settled at 763.0, then:
Profit / loss = (Final Price - Initial Price) x stake
Profit / loss = (763.0 - 748.0) x £5 per point stake
Profit / loss = 15.0 x £5 per point stake
Profit / loss = £75.00 profit
Speculating on stock market indices, whether by spread betting or otherwise, may not go to plan. In this example, you wanted the index to rise. Naturally, the index can also fall.
If the Greece 20 decreased, settling at 731.2, then this means you would make a loss.
Profit / loss = (Final Price - Initial Price) x stake
Profit / loss = (731.2 - 748.0) x £5 per point stake
Profit / loss = -16.8 x £5 per point stake
Profit / loss = -£84.00 loss
Note - Greece 20 March Futures market quoted as of 24-Feb-11.
Where Can I Find Free Live Greece 20 Prices? |
If you want to access quick live market information then you could do worse than opening an account with a spread betting company like IG Index.
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.
Where Can I Find Live Spread Betting Prices and Charts for the Greece 20? |
This CFD trading chart will give readers a valuable guide to the Greece 20 index market.
The Plus 500 chart that we use above usually follows the Greece 20 futures contract.
If you want to review financial spread betting prices and live charts for the Greece 20, you generally need a spread trading account.
Please note that all accounts are subject to suitability and status checks.
Should your account application be accepted, you will be able to log on and check the live charts and the current pricing. Usually, these will be free, however, the catch is that you'll probably get an occasional sales letter and/or call from the relevant financial spread betting provider.
If you want to trade, remember that CFDs and financial spread betting carry a high level of risk and you may lose more than your initial investment.
As mentioned above, you can get free charts with spread betting companies like IG.
As with most candlestick charts, you can alter the charts to see market data by the minute, by the hour, by the week etc. There are also a number of other settings designed to help you analyse the markets.
Example Stock Market Charts:
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
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.
'Greece 20 Spread Betting' by DB, updated 17-May-13
For related pages also see:
Indices Spread Betting, updated 20-May-13
Stock market index spread betting guide with live indices prices and charts. Plus a daily stock market review, indices spread betting comparison, where to trade indices commission-free and tax-free* as well as...read article: Indices Spread Betting.
Stock Market Trading, updated 17-May-13
A look at popular stock market trading accounts, commission free trading, stock market charts, a price comparison, how to buy/sell a stock market index, market analysis and...read article: Stock Market Trading.
Stock Market Index Spread Betting Guides, updated 26-Apr-13
Over 35 individual Stock Market Index spread betting guides for the FTSE 100, Dow Jones, DAX, NASDAQ, Nikkei etc. Each guide looks at live charts and prices, where you can trade the Index commission-free, a fully worked example and...read article: Stock Market Index Spread Betting Guides.
FTSE 100 Spread Betting, updated 20-May-13
FTSE 100 spread betting guide with live FTSE 100 index prices and charts. Plus a FTSE 100 spread betting price comparison, where to spread bet on the FTSE 100 commission-free and tax-free* as well as...read article: FTSE 100 Spread Betting.
Dow Jones Spread Betting, updated 20-May-13
Dow Jones spread betting guide with live Dow Jones index prices and charts. Plus a Dow Jones spread betting price comparison, where to spread bet on the Dow Jones commission-free and tax-free* as well as...read article: Dow Jones Spread Betting.
DAX 30 Spread Betting, updated 20-May-13
DAX 30 spread betting guide with live DAX 30 index prices and charts. Plus a DAX 30 spread betting price comparison, where to spread bet on the DAX 30 commission-free and tax-free* as well as...read article: DAX 30 Spread Betting.
S&P 500 Spread Betting, updated 20-May-13
S&P 500 spread betting guide with live S&P 500 index prices and charts. Plus a S&P 500 spread betting price comparison, where to spread bet on the S&P 500 commission-free and tax-free* as well as...read article: S&P 500 Spread Betting.
NASDAQ 100 Spread Betting, updated 20-May-13
NASDAQ 100 spread betting guide with live NASDAQ 100 index prices and charts. Plus a NASDAQ 100 spread betting price comparison, where to spread bet on the NASDAQ 100 commission-free and tax-free* as well as...read article: NASDAQ 100 Spread Betting.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
