Norway 25 Spread Betting
Where Can I Spread Bet on the Norway 25? |
You can currently spread bet on the Norway 25 and other indices at:
» IG Index
» CMC Markets
» GFT
The Norway 25 index may be available with other brokers.
Where Can I Trade the Norway 25 for Free? |
It depends upon what you mean by 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 the Norway 25 and other index markets commission free and with no brokers' fees with IG Index.
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How to Spread Bet on the Norway 25? |
As with a lot of markets, an investor can place a spread bet on indices, such as the Norway 25, to either rise or fall.
Looking at the IGIndex trading site, they are currently giving the Norway 25 March Futures market at 400.00 - 401.00. As a result, an investor can spread trade on the Norway 25 index:
- Closing above 401.00, or
- Closing below 400.00
On the closing date for this 'March' market, 17-Mar-11.
When spread trading on the Norway 25 index you trade in £x per point. So, if you chose to risk £20 per point and the Norway 25 moves 5.00 points then that would be a difference to your P&L of £100. £20 per point x 5.00 points = £100.
For short term trading on stock market indices also see Stock Market Indices Rolling Daily Spread Betting.
Norway 25 Futures Spread Betting Example
So, if you consider the above spread of 400.00 - 401.00 and make the assumptions:
- You have done your market analysis, and
- You feel that the Norway 25 index will finish above 401.00 by 17-Mar-11
Then you could buy a spread bet at 401.00 for a stake of £15 per point.
With such a bet you win £15 for every point that the Norway 25 index rises higher than 401.00. Having said that, you will make a loss of £15 for every point that the Norway 25 market decreases lower than 401.00.
Looked at 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 price you bought the spread at. You then multiply that difference in price by your stake.
Therefore, if, on the closing date, the Norway 25 finished at 407.00, then:
P&L = (Settlement Level - Initial Level) x stake
P&L = (407.00 - 401.00) x £15 per point stake
P&L = 6.00 x £15 per point stake
P&L = £90.00 profit
Speculating on stock market indices, by spread betting or otherwise, may not go to plan. With this example, you had bet that the index would go up. Of course, it could decrease.
If the Norway 25 fell, settling lower at 396.00, then you would end up making a loss on this market.
P&L = (Settlement Level - Initial Level) x stake
P&L = (396.00 - 401.00) x £15 per point stake
P&L = -5.00 x £15 per point stake
P&L = -£75.00 loss
Note - Norway 25 March Futures spread betting price quoted as of 24-Feb-11.
Where Can I Find Free Live Norway 25 Prices? |
If you want to access quick live market information then you could do worse than opening an account with a spread betting company like IG Index.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
Where Can I Find Live Spread Betting Prices and Charts for the Norway 25? |
The CFDs chart below provides users with a handy look at the Norway 25 stock market index.
The Plus500 chart above typically follows the underlying Norway 25 futures price.
If you'd like to look at real time financial spread betting prices/charts for the Norway 25, you may require a spread trading account.
Please note that all such accounts are subject to status, credit and suitability checks.
If your account application is accepted then, when you log in, you will be able to check the live charts and the current prices. These are normally free, however, the catch is that you could receive the occasional letter and/or call from your chosen financial spread betting firm.
If you want to trade then you must remember that financial spread betting and CFD trading do involve a significant level of risk to your capital and it is possible to lose more than your initial deposit.
As mentioned above, you can get free charts with spread betting companies like IG.
As with most candlestick charts, you can alter the charts to see market data by the minute, by the hour, by the week etc. There are also a number of other settings designed to help you analyse the markets.
Example Stock Market Charts:
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
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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.
'Norway 25 Spread Betting' by DB, updated 17-May-13
For related pages also see:
Indices Spread Betting, updated 17-May-13
Stock market index spread betting guide with live indices prices and charts. Plus a daily stock market review, indices spread betting comparison, where to trade indices commission-free and tax-free* as well as...read article: Indices Spread Betting.
Stock Market Trading, updated 16-May-13
Compare Indices spreads. Free indices trading information, where to find free Indices charts and prices, how to buy and sell Indices and...read article: Stock Market Trading.
Stock Market Index Spread Betting Guides, updated 26-Apr-13
Over 35 individual Stock Market Index spread betting guides for the FTSE 100, Dow Jones, DAX, NASDAQ, Nikkei etc. Each guide looks at live charts and prices, where you can trade the Index commission-free, a fully worked example and...read article: Stock Market Index Spread Betting Guides.
FTSE 100 Spread Betting, updated 17-May-13
FTSE 100 spread betting guide with live FTSE 100 index prices and charts. Plus a FTSE 100 spread betting price comparison, where to spread bet on the FTSE 100 commission-free and tax-free* as well as...read article: FTSE 100 Spread Betting.
Dow Jones Spread Betting, updated 17-May-13
Dow Jones spread betting guide with live Dow Jones index prices and charts. Plus a Dow Jones spread betting price comparison, where to spread bet on the Dow Jones commission-free and tax-free* as well as...read article: Dow Jones Spread Betting.
DAX 30 Spread Betting, updated 17-May-13
DAX 30 spread betting guide with live DAX 30 index prices and charts. Plus a DAX 30 spread betting price comparison, where to spread bet on the DAX 30 commission-free and tax-free* as well as...read article: DAX 30 Spread Betting.
S&P 500 Spread Betting, updated 17-May-13
S&P 500 spread betting guide with live S&P 500 index prices and charts. Plus a S&P 500 spread betting price comparison, where to spread bet on the S&P 500 commission-free and tax-free* as well as...read article: S&P 500 Spread Betting.
NASDAQ 100 Spread Betting, updated 17-May-13
NASDAQ 100 spread betting guide with live NASDAQ 100 index prices and charts. Plus a NASDAQ 100 spread betting price comparison, where to spread bet on the NASDAQ 100 commission-free and tax-free* as well as...read article: NASDAQ 100 Spread Betting.
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