Intuit Spread Betting
Where Can I Spread Bet on Intuit? |
Currently, investors are able to take a position on Intuit with an account from these firms:
Advert:
Intuit Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Intuit with
Financial Spreads.
|
Where Can I Spread Bet on Intuit for Free? |
Investing in the financial markets always has risks. However, if you would like to try a Practice Account (free), that allows you to trial spread trading and check trading charts, then see below for more details.
Also, don't forget that spread betting in the UK is currently tax free*, i.e. it is exempt from income tax, capital gains tax and stamp duty.
If you're trying to find a low cost financial spread betting site then keep in mind that you are able to speculate on Intuit with no commissions or brokers' fees through companies like:
If you're interested in a completely free Test Account / Practice Account that lets you try spread betting on markets like Intuit, then you could consider:
All of the above spread betting firms currently provide a Practice Account which investors can use to apply a range of trading orders, test new trading ideas and review charts.
Where Can I Find Live Spread Betting Prices and Charts for Intuit? |
The live CFDs chart below will give users a helpful overview of the Intuit share price.
The Plus 500 chart above typically uses the near-term Intuit futures market (not the daily market).
If you want access to up-to-the-minute spread betting charts and prices for Intuit, you will normally require a financial spread betting account.
A spreads account also lets you access the short-term daily prices. Note: Opening an account is subject to suitability, credit and status checks.
Should your account application be approved, you can log on to check the up-to-the-minute trading charts and prices. These are usually provided for free, however, you will probably get the odd newsletter and/or call from your spread betting provider.
If you do decide to trade then you should remember that contracts for difference and spread betting carry a high level of risk to your capital and it's possible to lose more than your initial investment.
Professional Charting Packages for Intuit |
Even though the specific charting packages can differ between providers, to help you with your trading analysis, most charts generally have valuable tools such as:
- A broad variety of intervals e.g. 5 minutes, 1 hour, 4 hours and so on
- Various display options e.g. candle charts and OHLC charts
- Drawing options e.g. Fibonacci time zones, fans and arcs
The charts on Tradefair also have other benefits, including:
- Custom Indicators, Back Testing and Optimisation tools
- Numerous overlays e.g. Parabolic SAR, Bollinger Bands, Envelopes and so on
- Secondary charts e.g. Chaikin's Volatility, MACD, % Price Oscillator and so on
- Email notifications that trigger when a market hits a particular level
FinancialSpreads.com equities chart
The following online spread betting brokers offer clients access to real-time charts and prices:
How to Spread Bet on Intuit? |
If you want to invest in firms such as Intuit then one solution could be spread trading on the Intuit share price.
Logging onto FinancialSpreads.com, you can see that they are valuing the Intuit Rolling Daily market at $62.64 - $62.74. As a result, you can spread bet on the Intuit shares:
 Moving above $62.74, or
 Moving below $62.64
When making a spread bet on US shares you trade in £x per cent. As a result, if you invested £2 per cent and the Intuit share price changes by $0.24 then there would be a difference to your profits (or losses) of £48. £2 per cent x $0.24 = £48.
You can also invest in this market in Euros or Dollars, e.g. €x per cent.
Rolling Daily Equities Markets
You should note that this is a Rolling Daily Market which means that unlike a normal spread betting 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 just roll over into the next day.
If you allow your position to roll over and are spread betting on the market to:
Go up - then you will often be charged a small financing fee, or
Go down - then a small payment is normally credited 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.
Intuit Rolling Daily - US Equities Spread Betting Example |
If we take the spread of $62.64 - $62.74 and make the assumptions:
- You have completed your market research, and
- Your analysis leads you to think the Intuit share price looks like it will rise above $62.74
Then you might decide to buy at $62.74 for a stake of £3 per cent.
With such a bet you win £3 for every cent that the Intuit shares increase and go higher than $62.74. Of course, it also means that you will make a loss of £3 for every cent that the Intuit market moves below $62.74.
Thinking of this in a slightly different way, should you ‘Buy’ a spread bet then your profit/loss is found by taking the difference between the final price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.
If after a few hours the shares started to increase then you might think about closing your spread bet and therefore lock in your profits.
If that happened then the spread, set by the spread betting company, might move up to $63.24 - $63.34. To settle/close your trade you would sell at $63.24. So, with the same £3 stake you would calculate your profit as:
P&L = (Closing Level - Opening Level) x stake
P&L = ($63.24 - $62.74) x £3 per cent stake
P&L = $0.50 x £3 per cent stake
P&L = 50¢ x £3 per cent stake
P&L = £150 profit
Financial spread betting on shares can go against you. In this case, you had bet that the share price would rise. Naturally, it could decrease.
If the Intuit stock decreased, contrary to your expectations, then you might decide to close/settle your spread bet to stop any further losses.
Should the market drop to $62.18 - $62.28 then this means you would settle your trade by selling at $62.18. Accordingly, your loss would be:
P&L = (Closing Level - Opening Level) x stake
P&L = ($62.18 - $62.74) x £3 per cent stake
P&L = -$0.56 x £3 per cent stake
P&L = -56¢ x £3 per cent stake
P&L = -£168 loss
Note - Intuit Rolling Daily market correct as of 06-Feb-13.
Advert:
Intuit Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Intuit 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.
'Intuit Spread Betting' by DB, updated 19-Mar-13
For related pages also see:
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