ITE Spread Betting
Where Can I Spread Bet on ITE? |
You can speculate with no brokers' fees on ITE by trading with a number of spread betting companies:
Advert:
ITE Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on ITE with
Financial Spreads.
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| Broker Ratings - Sponsored by IG |
The following table takes the last 3 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for ITE:
| 20-May-13 |  | Neutral | Based on last 3 Ratings | 300.9 | 311 | 3.25% |
A look at the latest ITE broker ratings:
| 20-May-13 |  | Buy | Canaccord Genuity | 300.9 | 317 | 5.40% | | 28-Mar-13 | | Buy | Canaccord Genuity Corp | 275.6 | 300 | 8.90% | | 04-Mar-13 | | Buy | Woodmpany | 269.2 | 315 | 17.00% | | 31-Jan-13 | | Buy | Investec | 257 | 285 | 10.90% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
ITE Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on ITE with
Financial Spreads.
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Where Can I Spread Bet on ITE for Free? |
Investing involves a degree of risk, but if you'd like to try a free Demo Account, that allows you to trial spread trading, then please see below for more details.
When thinking about which trading option is right for you, don't forget that spread betting, in the UK, is currently free of capital gains tax, income tax and stamp duty*.
If you're trying to find a free financial spread betting platform then you should note that investors can trade ITE commission free and with no brokers' fees via providers like:
If you want to open a free Demo Account / Practice Account where users can try out spread betting, and markets such as GBP/USD, the FTSE 100 and ITE, then take a look at:
Each of the spread betting companies listed above provide a Test Account that allows investors to test new strategies, use charts and gain experience with a variety of orders, like trailing stop losses and guaranteed stop losses.
How to Spread Bet on ITE? |
Should an investor decide to invest in UK listed companies such as ITE then one possibility is to spread bet on the ITE share price.
Looking at a spread trading website like Selftrade Markets, we can see they are currently valuing the ITE Rolling Daily market at 194.0p - 195.5p. Therefore, you can put a spread bet on the ITE shares:
 Going higher than 195.5p, or
 Going lower than 194.0p
When spread trading on UK shares you trade in £x per penny. As a result, if you risked £3 per penny and the ITE share price changes by 22p then that would alter your profit/loss by £66. £3 per penny x 22p = £66.
Rolling Daily Equities Markets
One thing to note is that this is a Rolling Daily Market which means that there is no closing date for this market. If you leave your trade open at the end of the day, it will roll over to the next session.
Should your trade roll over, if you are speculating that the market will:
Rise - then you usually pay a small overnight financing fee, or
Fall - then a small payment is often credited to your account
To learn more please read Rolling Daily Spread Betting.
ITE Rolling Daily - Equities Spread Trading Example |
Now, if we consider the spread of 194.0p - 195.5p and make the assumptions:
- You have done your equities analysis, and
- Your research suggests the ITE share price is likely to push higher than 195.5p
Then you might choose to buy at 195.5p for a stake of, for example, £15 per penny.
With such a bet you make a profit of £15 for every penny that the ITE shares increase and move above 195.5p. Of course, such a bet also means that you will make a loss of £15 for every penny that the ITE market goes lower than 195.5p.
Considering this from another angle, if you buy a spread bet then your profits (or losses) are 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 your stake.
As a result, if after a few trading sessions the share price started to rise you might decide to close your trade so that you can guarantee your profit.
As an example, should the market rise, the spread, determined by the spread betting firm, could change to 203.3p - 204.8p. To close your trade you would sell at 203.3p. As a result, with the same £15 stake your profit would be:
Profit = (Closing Price - Opening Price) x stake
Profit = (203.3p - 195.5p) x £15 per penny stake
Profit = 7.8p x £15 per penny stake
Profit = £117.00 profit
Speculating on shares is not always simple. With this example, you had bet that the share price would go up. Naturally, it can also decrease.
If the ITE stock began to drop then you might choose to close your position in order to limit your losses.
So if the spread fell to 189.0p - 190.5p then this means you would settle your trade by selling at 189.0p. If so, this would result in a loss of:
Loss = (Closing Price - Opening Price) x stake
Loss = (189.0p - 195.5p) x £15 per penny stake
Loss = -6.5p x £15 per penny stake
Loss = -£97.50 loss
Note: ITE Rolling Daily spread betting price correct as of 31-Oct-12.
Where Can I Find Live Spread Betting Prices and Charts for ITE? |
If you want to study live charts/prices for ITE, you generally require a spread trading account. Please note that such accounts are normally dependent on credit, suitability and status checks.
Should your application be accepted then you can log in and access the real-time trading prices and charts. These are normally provided for free, however, you are likely to get the odd sales call and/or newsletter from your chosen spread trading firm.
If you decide to trade then you should note that financial spread betting does carry a high degree of risk and it is possible to lose more than your initial investment.
Whilst the charts normally differ across the various firms, in order to assist you with your analysis, the charts usually come with handy tools and features, including:
- Many different intervals - 1 minute, 30 minutes, 2 hours etc
- A variety of chart views - candlestick, line and OHLC charts
- Drawing options and tools - Fibonacci arcs, time zones and fans
Charts from CapitalSpreads also offer other benefits such as:
- Custom Indicators and Back Testing tools
- Numerous chart overlays - Ichimoku Clouds, Moving Average, Linear Regression etc
- A choice of indicator charts - Williams %R, TSI, Ultimate Oscillator etc
- Custom alerts for when the markets hit a specific price
Sample FinancialSpreads.com shares chart
The spread betting brokers in the following list give their account holders real-time prices and charts:
Advert:
ITE Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on ITE 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.
'ITE Spread Betting' by DB, updated 20-May-13
For related pages also see:
Spread Betting on FTSE 250 Companies, updated 23-May-13
Spread Betting on FTSE 250 shares: Individual guides to FTSE 250 companies with broker ratings. Plus where to get live charts and prices for FTSE 250 companies, worked spread betting examples and...read article: Spread Betting on FTSE 250 Companies.
Kazakhmys Spread Betting, updated 23-May-13
Kazakhmys spread betting guide with live Kazakhmys share prices and charts. Plus, broker recommendations on Kazakhmys, where to spread bet on Kazakhmys shares tax-free* and commission-free, how to spread bet on the Kazakhmys share price and...read article: Kazakhmys Spread Betting.
Pennon Group Spread Betting, updated 23-May-13
Pennon Group spread betting guide with live Pennon share prices and charts. Plus, broker recommendations on Pennon, where to spread bet on Pennon shares tax-free* and commission-free, how to spread bet on the Pennon share price and...read article: Pennon Group Spread Betting.
Debenhams Spread Betting, updated 22-Apr-13
Debenhams spread betting guide: live Debenhams charts and prices. Plus, broker ratings on Debenhams shares, where to spread bet on Debenhams shares commission-free and tax-free*, how to spread bet on Debenhams and...read article: Debenhams Spread Betting.
Dixons Spread Betting, updated 16-May-13
Dixons spread betting guide: live Dixons charts and prices. Plus, broker ratings on Dixons shares, where to spread bet on Dixons shares commission-free and tax-free*, how to spread bet on Dixons and...read article: Dixons Spread Betting.
Home Retail Group Spread Betting, updated 02-May-13
Home Retail Group spread betting guide: live Home Retail charts and prices. Plus, broker ratings on Home Retail shares, where to spread bet on Home Retail shares commission-free and tax-free*, how to spread bet on Home Retail and...read article: Home Retail Group Spread Betting.
Halfords Spread Betting, updated 23-May-13
Halfords spread betting guide: live Halfords charts and prices. Plus, broker ratings on Halfords shares, where to spread bet on Halfords shares commission-free and tax-free*, how to spread bet on Halfords and...read article: Halfords Spread Betting.
ICAP Spread Betting, updated 14-May-13
ICAP spread betting guide: live ICAP charts and prices. Plus, broker ratings on ICAP shares, where to spread bet on ICAP shares commission-free and tax-free*, how to spread bet on ICAP and...read article: ICAP Spread Betting.
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