Next Spread Betting
Where Can I Spread Bet on Next? |
Currently, you are able to speculate with no brokers' fees and no commissions on Next, plus a range of other related markets, with firms like:
Advert:
Next Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Next with
Financial Spreads.
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Where Can I Spread Bet on Next for Free? |
Trading the financial markets always involves a degree of risk, however, if you want to open a (free) Practice Account, that lets you try spread betting, please see below for further details.
When thinking about which investment option might work for you, also remember that in the UK, financial spread betting is currently exempt from capital gains tax, income tax and stamp duty*.
Assuming you want a free financial spread betting website, keep in mind that you are able to financial spread bet on Next without brokers' fees or commissions with providers like:
If you are looking for a completely free Test Account / Practice Account that lets users try financial spread betting on markets like Next, then look into:
The spread betting firms listed above currently offer a risk free Test Account which lets users test new theories, review professional charts and practice with a variety of trading orders, e.g. stop losses and trailing stops.
Where Can I Find Live Spread Betting Prices and Charts for Next? |
The real time CFD trading chart below offers readers a useful overview of the Next share price.
The chart above is from Plus500 and normally tracks the Next futures contract (not the spot market).
Should you want to look at live spread betting charts and prices for Next, you will generally need a financial spread betting account.
A spreads account also lets you access shorter-term spot markets. Note that opening such an account is normally dependent on status, credit and suitability checks.
If your account application is accepted then you can log in and view the real-time trading prices/charts. Usually, these will be free. So what's the catch? You're likely to receive an occasional sales email and/or call from the online spread betting company.
If you want to trade then, before you start, be aware that CFD trading and financial spread betting do carry a high level of risk to your capital and you could lose more than your initial investment.
Professional Charts for Next |
Whilst the charting packages differ between platforms, in order to assist you with your trading, the charts often come with handy features and tools, including:
- A number of different intervals - 5 minutes, 1 hour, 4 hours etc
- Various views - candlestick and line charts
- Drawing features and options - trendlines, Fibonacci fans, arcs and time zones
The charts on Capital Spreads also come with advanced features:
- Back Testing, Customisable Indicators and Optimisation functions
- Helpful overlays - Exponential Moving Average, Ichimoku Kinko Hyo, Wilder's Smoothing etc
- More than 30 indicator charts - Williams %R, Stochastic, Projection Bands etc
- Customised email alerts that trigger when a market reaches a given price
Sample share trading chart from FinancialSpreads.com
The spread betting firms in the list below offer clients real time prices/charts:
How to Spread Bet on Next? |
Should an investor decide to invest in UK companies like Next then one solution could be spread trading on the Next share price.
Logging onto Tradefair, you can see that they are currently showing the Next Rolling Daily market at 3624.1p - 3629.9p. This means an investor could put a spread bet on the Next share price:
 Moving above 3629.9p, or
 Moving below 3624.1p
Whilst financial spread betting on FTSE 350 shares you trade in £x per penny. So, if you chose to risk £3 per penny and the Next shares move 25p then that would change your profits (or losses) by £75. £3 per penny x 25p = £75.
Rolling Daily Equities Markets
One important thing to note is that this is a 'Rolling Daily Market' and therefore there is no predetermined settlement date for this market. You do not have to close your position, should it still be open at the end of the trading day, it just rolls over to the next day.
Should your spread bet roll over, if you are speculating that the market will:
Go up - then you will be charged a small overnight financing fee, or
Go down - then you will often receive a small payment 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.
Next Rolling Daily - Shares Spread Betting Example |
So, if you think about the spread of 3624.1p - 3629.9p and make the assumptions:
- You have completed your research, and
- Your research leads you to feel that the Next share price is likely to push above 3629.9p
Then you could decide to buy at 3629.9p and risk, for example, £2 per penny.
Therefore, you win £2 for every penny that the Next shares go higher than 3629.9p. Nevertheless, it also means that you will make a loss of £2 for every penny that the Next market goes lower than 3629.9p.
Put another way, 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 initial price you bought the market at. You then multiply that difference in price by your stake.
If after a few trading sessions the share price started to rise you might decide to close your trade and therefore lock in your profits.
So if the market moved up then the spread, set by the spreads firm, might be adjusted to 3702.5p - 3708.3p. You would close your position by selling at 3702.5p. Accordingly, with the same £2 stake you would make:
Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (3702.5p - 3629.9p) x £2 per penny stake
Profit / loss = 72.6p x £2 per penny stake
Profit / loss = £145.20 profit
Speculating on shares is not always simple. In this case, you wanted the share price to go up. However, it can also fall.
If the Next shares had fallen then you could close your position to limit your losses.
Should the spread fall back to 3548.6p - 3554.4p then this means you would settle your position by selling at 3548.6p. Accordingly, your loss would be:
Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (3548.6p - 3629.9p) x £2 per penny stake
Profit / loss = -81.3p x £2 per penny stake
Profit / loss = -£162.60 loss
Note - Next Rolling Daily spread taken as of 19-Oct-12.
Advert:
Next Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Next 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.
'Next Spread Betting' by DB, updated 22-Mar-13
For related pages also see:
Spread Betting on Shares - FTSE 100 Companies, updated 17-May-13
Spread Betting on FTSE 100 Companies: Individual trading guides to FTSE 100 shares with broker ratings, charts and live prices. Plus how to spread bet on FTSE 100 companies, individual explanations, where to spread bet and...read article: Spread Betting on Shares - FTSE 100 Companies.
Barclays Spread Betting, updated 16-May-13
Barclays spread betting guide with live Barclays share prices and charts. Plus, broker recommendations on Barclays, where to spread bet on Barclays shares tax-free* and commission-free, how to spread bet on the Barclays share price and...read article: Barclays Spread Betting.
Spread Betting on BP, updated 13-May-13
BP spread betting guide with live BP share prices and charts. Plus, broker recommendations on BP, where to spread bet on BP shares tax-free* and commission-free, how to spread bet on the BP share price and...read article: Spread Betting on BP.
HSBC Spread Betting, updated 16-May-13
HSBC spread betting guide with live HSBC share prices and charts. Plus, broker recommendations on HSBC, where to spread bet on HSBC shares tax-free* and commission-free, how to spread bet on the HSBC share price and...read article: HSBC Spread Betting.
Lloyds Spread Betting, updated 16-May-13
Lloyds spread betting guide with live Lloyds share prices and charts. Plus, broker recommendations on Lloyds, where to spread bet on Lloyds shares tax-free* and commission-free, how to spread bet on the Lloyds share price and...read article: Lloyds Spread Betting.
RBS Spread Betting, updated 17-May-13
RBS spread betting guide with live RBS share prices and charts. Plus, broker recommendations on RBS, where to spread bet on RBS shares tax-free* and commission-free, how to spread bet on the RBS share price and...read article: RBS Spread Betting.
Rio Tinto Spread Betting, updated 16-May-13
Rio Tinto spread betting guide with live Rio Tinto share prices and charts. Plus, broker recommendations on Rio Tinto, where to spread bet on Rio Tinto shares tax-free* and commission-free, how to spread bet on the Rio Tinto share price and...read article: Rio Tinto Spread Betting.
Vodafone Spread Betting, updated 16-May-13
Vodafone spread betting guide with live Vodafone share prices and charts. Plus, broker recommendations on Vodafone, where to spread bet on Vodafone shares tax-free* and commission-free, how to spread bet on the Vodafone share price and...read article: Vodafone Spread Betting.
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