Newmont Mining Spread Betting
Where Can I Spread Bet on Newmont Mining? |
Currently, you are able to speculate on Newmont Mining by trading with the following spread betting firms:
Advert:
Newmont Mining Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Newmont Mining with
Financial Spreads.
|
Where Can I Spread Bet on Newmont Mining for Free? |
Trading isn't without risk. Nevertheless, if you would like to try a Test Account (free), that lets you trial financial spread betting on a range of markets, please see below for more details.
When thinking about which trading option might work for you, don't forget that, in the UK, spread betting is currently free of stamp duty, income tax and capital gains tax*.
If you are looking for a free financial spread betting site, you should note that you can spread bet on Newmont Mining commission free and with no brokers' fees with providers such as:
Should you want a completely free Practice Account / Test Account so you can get a better feel for spread betting, and markets such as Newmont Mining, then consider:
Each of the above provide a Demo Account which investors can use to test ideas, use charts and gain experience with an array of orders.
Where Can I Find Live Spread Betting Prices and Charts for Newmont Mining? |
This interactive CFD trading chart offers users a helpful view of the Newmont Mining share price.
The Plus500 chart above normally tracks the Newmont Mining futures price.
If you'd like access to live spread trading charts/prices for Newmont Mining, one option is to use a financial spread betting account.
In addition, a spreads account will let you access shorter term spot prices. Note that all such accounts are normally dependent on status, credit and suitability checks.
If your new account is approved then, once logged on, you will be able to view the real-time prices and charts. Usually, these are free, however, you are likely to get an occasional sales email or call from the relevant spread betting company.
If you were to trade then, before you start, you should note that financial spread betting and CFD trading do involve a high degree of risk to your capital and can result in losses that are greater than your initial deposit.
Professional Level Charts for Newmont Mining |
Although charts normally differ across the various firms, in order to assist you with your trading, the majority of charts usually come with handy features and tools such as:
- A broad variety of time periods such as 2 minutes, 1 hour, 2 hours etc
- A variety of display options such as candlestick charts and OHLC charts
- Drawing features such as Trendlines, Fibonacci Fans, Time Zones and Arcs
Charts provided by Capital Spreads also come with more advanced features, including:
- BackTesting, Customisable Indicators and Optimisation functions
- Helpful chart overlays such as Moving Averages, Ichimoku Cloud, Chande Kroll Stop etc
- Technical indicator charts such as Chaikin Money Flow, True Strength Index, Accumulation Distribution etc
- Customised alerts when a market reaches a particular level
Example FinancialSpreads.com equities chart
The financial spread betting companies in the list below give their account holders access to live charts/prices:
How to Spread Bet on Newmont Mining? |
If you are looking to speculate on companies like Newmont Mining then one option could be spread trading on the Newmont Mining share price.
Looking at a spread betting platform like InterTrader, we can see that they are currently offering the Newmont Mining Rolling Daily market at $44.58 - $44.65. Therefore, you can spread bet on the Newmont Mining shares:
 Rising above $44.65, or
 Falling below $44.58
Whilst financial spread betting on US equities you trade in £x per cent. Therefore, if you decided to invest £3 per cent and the Newmont Mining share price changes by $0.38 then there would be a difference to your bottom line of £114. £3 per cent x $0.38 = £114.
Note that you are also able to spread bet on this market in Euros or Dollars, e.g. €x per cent.
Rolling Daily Shares Markets
One important thing to note is that this is a Rolling Daily Market and so there is no closing date for this market. If you leave your position open at the end of the day, it will stay open and roll over into the next trading session.
If you do let your bet roll over into the next day and are spread betting on the market to:
Increase - then you would normally pay a small financing fee, or
Decrease - 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.
Newmont Mining Rolling Daily - US Equities Spread Trading Example |
So, if you consider the above spread of $44.58 - $44.65 and make the assumptions:
- You have completed your analysis of the company, and
- Your analysis leads you to feel the Newmont Mining share price looks like it will rise above $44.65
Then you could decide to buy a spread bet at $44.65 for a stake of £5 per cent.
Therefore, you win £5 for every cent that the Newmont Mining shares increase and go higher than $44.65. Nevertheless, you will make a loss of £5 for every cent that the Newmont Mining market falls lower than $44.65.
Put another way, if you were to buy a spread bet then your profits (or losses) are worked out by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
As a result, if the shares rose then you might want to close your position in order to guarantee your profit.
So if the market moved up then the spread, determined by the spread betting company, could be adjusted to $44.90 - $44.97. You would close your spread bet by selling at $44.90. Therefore, with the same £5 stake you would calculate your profit as:
Your Profit / loss = (Closing Price - Opening Price) x stake
Your Profit / loss = ($44.90 - $44.65) x £5 per cent stake
Your Profit / loss = $0.25 x £5 per cent stake
Your Profit / loss = 25¢ x £5 per cent stake
Your Profit / loss = £125 profit
Financial spread trading is not always straightforward. In this example, you wanted the share price to increase. Nevertheless, it can also go down.
If the Newmont Mining stock began to drop then you could choose to close your spread bet in order to restrict your losses.
So if the spread fell to $44.43 - $44.50 you would close your position by selling at $44.43. If so, your loss would be calculated as:
Your Profit / loss = (Closing Price - Opening Price) x stake
Your Profit / loss = ($44.43 - $44.65) x £5 per cent stake
Your Profit / loss = -$0.22 x £5 per cent stake
Your Profit / loss = -22¢ x £5 per cent stake
Your Profit / loss = -£110 loss
Note - Newmont Mining Rolling Daily spread taken as of 06-Feb-13.
Advert:
Newmont Mining Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Newmont Mining 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.
'Newmont Mining Spread Betting' by DB, updated 20-Mar-13
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