Siemens Spread Betting
Where Can I Spread Bet on Siemens? |
Currently, you are able to trade with no brokers' fees or commissions on Siemens through an account with the following companies:
Advert:
Siemens Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Siemens with
Financial Spreads.
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Where Can I Spread Bet on Siemens for Free? |
Investing in the financial markets always involves some risk. Nevertheless, if you'd like to open a (free) Demo Account, that lets you check trading charts and trial spread betting, see below for further details.
When looking at which investment option might work for you, also remember that spread betting, in the UK, is tax free*, i.e. it is exempt from capital gains tax, income tax and stamp duty.
If you are looking for a free trading platform then you should note that you are able to spread bet on Siemens commission free at:
If you would like to open a (free) virtual money Test Account / Practice Account to try online spread betting on markets like the Dow Jones, gold and Siemens, then you could always have a closer look at:
All of the above currently provide a Test Account that lets users review professional charts, apply a host of trading orders and test new trading strategies.
Where Can I Find Live Spread Betting Prices and Charts for Siemens? |
The live contracts for difference chart below will provide you with a handy view of the Siemens market.
The Plus 500 chart that we use above normally tracks the near-term Siemens futures contract (not the spot market).
To access spread betting charts and live prices for Siemens, you will generally require a financial spread betting account.
Also, a spreads account lets you trade on daily markets. Opening an account is normally dependent on credit, suitability and status checks.
Should your account application be approved then you can log in to see the live trading prices/charts. Usually, these are provided as part of the service, however, the catch is that you'll probably get the odd sales email or call from your financial spread betting firm.
Of course, if you do decide to trade then remember that financial spread betting and CFD trading do carry a significant level of risk to your capital and can result in losses that exceed your initial deposit.
Professional Charts for Siemens |
Whilst the charts tend to differ between firms, in order to help your analysis, the charts usually come with handy features such as:
- A variety of time periods such as 3 minutes, 4 hours, 1 week etc.
- Different chart views such as line, candlestick and OHLC charts
- Drawing tools and options such as Fibonacci fans, arcs and time zones
Charts on FinancialSpreads also offer:
- BackTesting, Customisable Indicators and Analysis tools
- Popular overlays such as Parabolic SAR, Bollinger Bands, Envelopes etc.
- A choice of secondary charts such as Chaikin Money Flow, RVI, % Price Oscillator etc.
- Customised email alerts for when the markets reach a pre-set price
Sample equities chart
The following financial spread betting companies provide their account holders with live charts and prices:
How to Spread Bet on Siemens? |
If an investor decides to invest in European listed companies like Siemens then one option could be spread betting on the Siemens share price.
Looking at a spread trading website like Tradefair, you can see they are pricing the Siemens Rolling Daily market at €82.80 - €83.01. Therefore, you can spread bet on the Siemens shares:
 Moving higher than €83.01, or
 Moving lower than €82.80
Whilst spread betting on German shares you trade in £x per cent. Therefore, should you decide to invest £3 per cent and the Siemens share price moves €0.35 then that would be a difference to your profits (or losses) of £105. £3 per cent x €0.35 = £105.
Note that you can also spread bet on this market in Dollars or Euros, e.g. $x per cent.
Rolling Daily Shares Markets
Be aware that this is a Rolling Daily Market and so there is no preset settlement date for this market. If your trade is open at the end of the day, it will roll over to the next session.
If you do let your position roll over into the next day and are spread betting on the market to:
Increase - then you'll often be charged a small financing fee, or
Decrease - then you'll normally receive a small credit to your account
If you would like a fully worked example then see Rolling Daily Spread Betting.
Siemens Rolling Daily - German Shares Spread Betting Example |
Now, if we think about the spread of €82.80 - €83.01 and make the assumptions that:
- You've done your analysis of the shares, and
- You feel that the Siemens share price looks like it will push higher than €83.01
Then you could decide to go long of the market at €83.01 and invest, for example, £2 per cent.
With such a bet you win £2 for every cent that the Siemens shares rise above €83.01. Nevertheless, it also means that you will make a loss of £2 for every cent that the Siemens market goes lower than €83.01.
Looking at this from another angle, 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 spread at. You then multiply that difference in price by your stake.
If after a few days the share price started to increase then you might think about closing your trade and therefore lock in your profits.
As an example, should the market rise, the spread, set by the spread betting company, might move up to €83.67 - €83.88. To settle/close your trade you would sell at €83.67. Accordingly, with the same £2 stake you would calculate your profit as:
Profit / loss = (Closing Price - Initial Price) x stake
Profit / loss = (€83.67 - €83.01) x £2 per cent stake
Profit / loss = €0.66 x £2 per cent stake
Profit / loss = 66c x £2 per cent stake
Profit / loss = £132 profit
Trading equities, whether by spread betting or otherwise, can fail to go to plan. In this case, you had bet that the share price would go up. However, the share price might decrease.
If the Siemens shares decreased, contrary to your expectations, then you might choose to close your trade in order to limit your losses.
So if the market pulled back to €82.43 - €82.64 you would sell back your position at €82.43. If so, your loss would be calculated as:
Profit / loss = (Closing Price - Initial Price) x stake
Profit / loss = (€82.43 - €83.01) x £2 per cent stake
Profit / loss = -€0.58 x £2 per cent stake
Profit / loss = -58c x £2 per cent stake
Profit / loss = -£116 loss
Note: Siemens Rolling Daily market accurate as of 18-Dec-12.
Advert:
Siemens Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Siemens 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.
'Siemens Spread Betting' by DB, updated 29-Apr-13
For related pages also see:
Spread Betting on German Shares, updated 24-May-13
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Siemens Spread Betting, updated 29-Apr-13
Siemens spread betting guide with real-time Siemens prices and charts. Where to spread bet on German shares like Siemens commission-free and tax-free*, how to spread bet on the Siemens share price and...read article: Siemens Spread Betting.
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