Illumina Spread Betting
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Welcome to Clean Financial's guide to Illumina spread betting.
Quick and simple answers to common Illumina questions:
Q) Where can I Spread Bet on Illumina?
Q) Where can I Spread Bet on US Shares?
Q) Where can I Trade for Free on Illumina?
Q) How to Spread Bet on Illumina?
Q) Where can I find Free Live Prices on Illumina?
Q) Where can I find Free Illumina Charts?
Advert:
Illumina Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Illumina with
Financial Spreads.
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Where can I Spread Bet on Illumina shares?
You can currently spread bet on Illumina and other US shares at:
Note that you may also be able to spread bet on Illumina with other spread betting companies.
Where can I Spread Bet on Illumina shares for Free?
It depends upon what you mean by 'Free'
- Spread trading is not risk free. You may lose more than your initial investment.
- If you're looking for a free Demo Account where you can practice US stocks 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 Illumina, and other US and international stocks, with no commissions and with no brokers fees at:
Free Demo Account
If you are looking for a free Practice Account / Test Account where you can try spread betting, including US Stocks like Illumina, then you could try:
Each of the above spread betting firms currently offers a free demo account.
How to Spread Bet on US Shares - Illumina Rolling Daily
If you are looking to speculate on US listed companies like Illumina then one option is to spread trade on the Illumina share price.
If you were to look at the capital spreads spread trading website, they are currently pricing the Illumina Rolling Daily market at $75.65 - $75.75. Therefore, you could spread bet on the Illumina share price:
- Moving above $75.75, or
- Moving below $75.65
Whilst spread trading on S&P 500 equities you trade in £x per cent. As a result, if you chose to invest £2 per cent and the Illumina share price changes by $0.05 then that would alter your bottom line by £10. £2 per cent x $0.05 = £10.
You can also trade this market in Dollars or Euros, e.g. $x per cent.
Rolling Daily Equities Markets
One important thing to note is that this is a Rolling Daily Market and so unlike a normal spread betting futures market, there is no settlement date. Should your trade be left open at the end of the trading day, it simply rolls over to the next trading day.
Should your spread bet roll over, if you are speculating that the market will:
- Go up - then you are charged a small overnight financing fee, or
- Go down - then you will usually receive a small credit to your account
You can find more on Rolling Daily Markets, as well as a fully worked example, in our feature Rolling Daily Spread Betting.
Illumina Rolling Daily - US Shares Spread Betting Example
So, if we think about the spread of $75.65 - $75.75 and assume that:
- you have analysed the equities market, and
- you feel that the Illumina share price will increase and move higher than $75.75
then you could decide to buy a spread bet at $75.75 for a stake of, for the sake of argument, £1 per cent.
With such a spread bet you make a profit of £1 for every cent that the Illumina shares go above $75.75. Having said that, you will make a loss of £1 for every cent that the Illumina market moves below $75.75.
Considering this from another angle, if you were to ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.
Therefore, if after a few hours the stock moved higher then you might want to close your spread bet so that you can secure your profit.
So if the market rose then the spread might move to $76.92 - $77.02. You would close/settle your spread bet by selling at $76.92. Therefore, with the same £1 stake your profit would come to:
Your profit = (Final Level - Initial Level) x stake
Your profit = ($76.92 - $75.75) x £1 per cent stake
Your profit = $1.17 x £1 per cent stake
Your profit = 117¢ x £1 per cent stake
Your profit = £117 profit
Trading equities can go against you. In this case, you wanted the share price to rise. Naturally, it could go down.
If the Illumina share price began to drop then you could choose to close your spread bet in order to limit your losses.
If the spread fell to $74.73 - $74.83 you would close your spread bet by selling at $74.73. As a result, your loss would be:
Your loss = (Final Level - Initial Level) x stake
Your loss = ($74.73 - $75.75) x £1 per cent stake
Your loss = -$1.02 x £1 per cent stake
Your loss = -102¢ x £1 per cent stake
Your loss = -£102 loss
Note: Illumina Rolling Daily equities market taken as of 05-Jul-11.
Where can I Find Live Prices on Illumina?
If you want to access live spread betting markets, including US shares, then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
The spread betting firms listed on this page do not charge fees for account applications.
If your application is approved then you can log on to their website and access their Live Prices and charts. There is no charge for looking at their prices.
The catch? You'll get the odd email or letter from them. The companies below also offer clients access to candlestick charts.
Of course, if you do trade then you should note that spread betting carries a high level of risk to your capital and you could lose more than your initial investment.
Live prices are available for account holders at:
Where can I Find Candlestick Charts for Illumina?
Like live prices, if you want to access candlestick charts for US shares then you generally need to open an account with a spread betting company that offers US shares. Note that accounts are subject to status.
If your application is approved then you can log on to their website and access their candlestick charts.
You can usually alter the charts to see market data by the tick, by the minute, by the hour, by the week etc. There are also other options that allow you to easily add analysis such as Bollinger Bands and Moving Averages.
As you can see the charts show how US share prices, as with most financial spread betting markets, are not perfect and how you can expect the prices to "gap".
Advert:
Illumina Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Illumina with
Financial Spreads.
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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.
'Illumina Spread Betting' by DB, updated 05-Nov-12
For related pages also see:
Spread Betting on Nasdaq Shares, updated 23-May-13
Spread Betting on Nasdaq Shares. Where to find Nasdaq Shares real-time prices and charts, how to spread bet on Nasdaq Shares shares and the most popular spread betting questions on Nasdaq Shares...read article: Spread Betting on Nasdaq Shares.
Apple Spread Betting, updated 18-Feb-13
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Adobe Spread Betting, updated 20-Feb-13
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Amazon Spread Betting, updated 20-Feb-13
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Google Spread Betting, updated 20-Feb-13
Google spread betting. Trading guide with real-time Google stock prices and charts. Where to spread bet on Google shares tax-free* and commission-free, how to spread bet on the Google share price and...read article: Google Spread Betting.
Oracle Spread Betting, updated 20-Feb-13
Oracle spread betting. Trading guide with real-time Oracle stock prices and charts. Where to spread bet on Oracle shares tax-free* and commission-free, how to spread bet on the Oracle share price and...read article: Oracle Spread Betting.
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