Poland 20 Spread Betting
Where Can I Spread Bet on the Poland 20? |
You can currently spread bet on the Poland 20 and other indices at:
» IG Index
» City Index
» GFT
The Poland 20 index may be available with other brokers.
Where Can I Trade the Poland 20 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 Poland 20 and other index markets commission free and with no brokers' fees with IG Index.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
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How to Spread Bet on the Poland 20? |
As with a wide variety of financial markets, you are able to place a spread bet on indices, like the Poland 20, to go up or down.
If an investor was to look at the IGIndex website, they are currently valuing the Poland 20 March Futures market at 2665 - 2676. This means an investor can spread trade on the Poland 20 market:
- Settling above 2676, or
- Settling below 2665
On the settlement date for this 'March' market, 18-Mar-11.
When making a spread bet on the Poland 20 index you trade in £x per point. As a result, if you decided to have a stake of £4 per point and the Poland 20 moves 5 points then that would be a difference to your bottom line of £20. £4 per point x 5 points = £20.
For short term trading on a range of indices also see Indices Rolling Daily Spread Betting.
Poland 20 Futures Spread Betting Example
Now, if we think about the spread of 2665 - 2676 and make the assumptions:
- You have analysed the indices markets, and
- You think that the Poland 20 index will finish higher than 2676 by 18-Mar-11
Then you could decide that you want to buy a spread bet at 2676 for a stake of, for the sake of argument, £2 per point.
With such a bet you win £2 for every point that the Poland 20 index pushes above 2676. However, such a bet also means that you will make a loss of £2 for every point that the Poland 20 market falls lower than 2676.
Put another way, should you ‘Buy’ a spread bet then your profit/loss is found by taking the difference between the closing price of the market and the price you bought the market at. You then multiply that difference in price by your stake.
So if, on the closing date, the Poland 20 index settled at 2730, then:
Profit = (Settlement Price - Opening Price) x stake
Profit = (2730 - 2676) x £2 per point stake
Profit = 54 x £2 per point stake
Profit = £108.00 profit
Trading indices, by spread betting or otherwise, is not simple. In this case, you wanted the index to rise. Nevertheless, it can also decrease.
If the Poland 20 decreased and closed at 2618, then you would end up making a loss and losing money on this spread bet.
Loss = (Settlement Price - Opening Price) x stake
Loss = (2618 - 2676) x £2 per point stake
Loss = -58 x £2 per point stake
Loss = -£116.00 loss
Note - Poland 20 March Futures spread correct as of 24-Feb-11.
Where Can I Find Free Live Poland 20 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.
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.
'Poland 20 Spread Betting' by DB, updated 17-May-13
For related pages also see:
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