SBM Offshore NV Spread Betting
Where Can I Spread Bet on SBM Offshore NV? |
At the moment, investors are able to spread bet on SBM Offshore by opening an account with the following spread betting firms:
Advert:
SBM Offshore NV Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on SBM Offshore NV with
Financial Spreads.
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Where Can I Spread Bet on SBM Offshore NV for Free? |
Investing in the financial markets isn't without risk. Having said that, if you would like to open an entirely free Test Account, that allows you to try spread betting, please see below for more details.
Also, remember that, in the UK, spread trading is currently tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you want a free online trading platform, you should keep in mind that you can trade SBM Offshore commission free with providers like:
If you're looking for a completely free Practice Account so you can get a better understanding of spread betting, and markets like SBM Offshore, then look into:
Each of these firms offer a Demo Account which lets investors try out ideas, practice with a host of trading orders and analyse professional level charts.
Where Can I Find Live Spread Betting Prices and Charts for SBM Offshore NV? |
The live contracts for difference chart below offers a helpful view of the SBM Offshore market.
The Plus 500 chart above usually follows the underlying SBM Offshore futures price (not the daily market).
If you want to look at real time spread trading charts/prices for SBM Offshore, you may require a financial spread betting account.
You can also use a spreads account to speculate on shorter-term spot markets. Users should note that accounts are subject to status, suitability and credit checks.
Should your account application be approved then you will be able to log on and study the live charts and the current prices. Usually, these are provided as part of the service. So what's the catch? You might get the occasional sales email or call from your financial spread betting firm.
If you do decide to trade then, before you start, be aware that financial spread trading and contracts for difference carry a high level of risk and can result in you losing more than your initial deposit.
Professional Charting Packages for SBM Offshore |
Even though charting software/packages normally differ across the various firms, to aid your trading analysis, they often have tools that include:
- Many different time intervals such as 2 minutes, 4 hours, 1 month etc.
- Different displays such as OHLC, line and candlestick charts
- Tools for drawing features such as trendlines, Fibonacci fans, arcs and time zones
The charts offered by FinancialSpreads also offer other benefits like:
- Tailored Indicators and Back Testing tools
- Key chart overlays such as Parabolic SAR, Ichimoku Kinko Hyo, Price Channels etc.
- A choice of secondary charts such as True Strength Index, ADX, Qstick etc.
- Automatic alerts for when your chosen market reaches a given price
Sample FinancialSpreads shares chart
The following brokers provide their users with real time prices and charts:
How to Spread Bet on SBM Offshore NV? |
Should an investor decide to invest in firms such as SBM Offshore then one solution could be to place a spread bet on the SBM Offshore share price.
Looking at a financial spread betting website like Capital Spreads, you can see that they are currently pricing the SBM Offshore Rolling Daily market at €11.55 - €11.60. This means you could spread bet on the SBM Offshore shares:
 Increasing above €11.60, or
 Decreasing below €11.55
Whilst placing a spread bet on Dutch shares you trade in £x per cent. Therefore, if you decided to invest £3 per cent and the SBM Offshore shares move €0.23 then there would be a difference to your bottom line of £69. £3 per cent x €0.23 = £69.
Note that you are also able to spread bet on this market in Dollars or Euros, e.g. $x per cent.
Rolling Daily Shares Markets
It's important to note that this is a Rolling Daily Market and so there is no settlement date for this market. If you decide to leave your trade open at the end of the day, it will roll over to the next session.
If you do roll over a position and you are spread betting that the market will:
Rise - then you would normally pay a small financing fee, or
Fall - then you'll often receive a small payment to your account
For more information see Rolling Daily Spread Betting.
SBM Offshore Rolling Daily - Dutch Shares Spread Trading Example |
If we think about the above spread of €11.55 - €11.60 and assume:
- You have completed your analysis of the markets, and
- Your analysis leads you to think the SBM Offshore share price looks like it will rise above €11.60
Then you may decide to go long of the market at €11.60 and risk £2 per cent.
With such a bet you win £2 for every cent that the SBM Offshore shares go higher than €11.60. Having said that, you will lose £2 for every cent that the SBM Offshore market moves below €11.60.
Looked at another way, if you were to buy a spread bet then your profits (or losses) are found 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 the stake.
As a result, if after a few sessions the share price started to increase then you might want to close your trade so that you can lock in your profit.
Taking this a step further, if the market rose then the spread, set by the spread betting company, might move up to €12.09 - €12.14. To settle/close your trade you would sell at €12.09. As a result, with the same £2 stake you would make a profit of:
Profit = (Settlement Level - Initial Level) x stake
Profit = (€12.09 - €11.60) x £2 per cent stake
Profit = €0.49 x £2 per cent stake
Profit = 49c x £2 per cent stake
Profit = £98 profit
Trading shares, whether by spread betting or otherwise, can fail to go to plan. In this case, you wanted the share price to go up. Naturally, it could go down.
If the SBM Offshore stock weakened, against your expectations, then you could close your spread bet in order to limit your losses.
Should the spread pull back to €11.05 - €11.10 then this means you would settle/close your trade by selling at €11.05. As a result, your loss would be:
Loss = (Settlement Level - Initial Level) x stake
Loss = (€11.05 - €11.60) x £2 per cent stake
Loss = -€0.55 x £2 per cent stake
Loss = -55c x £2 per cent stake
Loss = -£110 loss
Note - SBM Offshore Rolling Daily spread accurate as of 23-Jan-13.
Advert:
SBM Offshore NV Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on SBM Offshore NV 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.
'SBM Offshore NV Spread Betting' by DB, updated 06-Feb-13
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