Southern Spread Betting
Where Can I Spread Bet on Southern? |
At the moment, you are able to take a view on Southern through an account with these providers:
Advert:
Southern Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Southern with
Financial Spreads.
|
Where Can I Spread Bet on Southern for Free? |
Trading always has risks, however, if you want to try a (free) Demo Account, that lets you try spread trading, then see below.
When thinking about which trading option might work for you, don't forget that, in the UK, spread trading is free of capital gains tax, stamp duty and income tax*.
Assuming you want a free spread betting platform then you should note that investors can trade Southern without having to pay any brokers' fees or commissions through providers such as:
Should you want a free Demo Account / Practice Account which allows users to get a better understanding of financial spread betting, and trading markets such as Southern, then you could have a closer look at:
Each of the spread betting companies listed above currently offer a Demo Account which investors can use to apply a host of orders, use charts and try out trading theories.
Where Can I Find Live Spread Betting Prices and Charts for Southern? |
The live CFD trading chart and prices below will provide you with a helpful view of the Southern market.
The above Plus 500 chart typically tracks the near-term Southern Company futures price (not the spot market).
Should you want to check real time spread betting prices/charts for Southern, you might need a spread trading account.
In addition, a spreads account will let you have access to shorter-term spot markets. Opening an account is normally dependent on suitability and status checks.
Should your account application be accepted, you can log in and analyse the live prices and charts. These are usually provided for free. So what's the catch? You're likely to receive the odd newsletter and/or call from your firm.
Of course, if you decide to trade, be aware that contracts for difference and financial spread trading carry a high level of risk and it's possible to lose more than your initial investment.
Professional Charts for Southern |
Though the specific charting packages tend to differ between providers, in order to assist you with your trading analysis, they usually come with user friendly features and tools that include:
- A number of time periods - 3 minutes, 15 minutes, 2 hours etc.
- A variety of views - OHLC, line and candlestick charts
- Tools for drawing features - trendlines, Fibonacci fans, time zones and arcs
Charts on FinancialSpreads also offer more advanced aspects such as:
- Tailored Indicators and Back Testing tools
- Chart overlays - Bollinger Bands, EMA, Linear Regression etc.
- A choice of indicators - Average Directional Index, RMI, Swing Index etc.
- Customised email alerts that trigger when a market hits a particular price
Sample trading chart from Financial Spreads
The brokers listed below provide clients with real-time prices and charts:
How to Spread Bet on Southern? |
If an investor decides to speculate on firms such as Southern Company then one possibility is to spread trade on the Southern share price.
Looking at a spread betting website like InterTrader, you can see that they have put the Southern Rolling Daily market at $43.45 - $43.52. Therefore, an investor could spread trade on the Southern share price:
 Going above $43.52, or
 Going below $43.45
Whilst spread betting on US shares you trade in £x per cent. So, if you decided to invest £3 per cent and the Southern share price moves $0.26 then that would be a difference to your profit/loss of £78. £3 per cent x $0.26 = £78.
Note that you are also able to spread bet on this market in Dollars or Euros, e.g. $x per cent.
Rolling Daily Equities Markets
One important thing to note is that this is a 'Rolling Daily Market' and therefore there is no set settlement date for this market. If your trade is still open at the end of the trading day, it will stay open and roll over into the next day.
If you do let your bet 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 a small payment will usually be credited to your account
To learn more please read Rolling Daily Spread Betting.
Southern Rolling Daily - US Equities Spread Trading Example |
Now, if we think about the above spread of $43.45 - $43.52 and make the assumptions that:
- You've completed your research, and
- Your analysis leads you to think the Southern shares look like they will push higher than $43.52
Then you might decide to buy a spread bet at $43.52 for a stake of £5 per cent.
With such a bet you win £5 for every cent that the Southern shares go above $43.52. Of course, you will lose £5 for every cent that the Southern market moves below $43.52.
Looking at this from another angle, if you were to buy a spread bet then your P&L is calculated by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that price difference by your stake.
If after a few trading sessions the share price started to increase then you might want to close your spread bet so that you can guarantee your profit.
So if the market rose then the spread, determined by the spread betting company, could be adjusted to $43.87 - $43.94. You would close/settle your spread bet by selling at $43.87. So, with the same £5 stake:
Your P&L = (Final Price - Opening Price) x stake
Your P&L = ($43.87 - $43.52) x £5 per cent stake
Your P&L = $0.35 x £5 per cent stake
Your P&L = 35¢ x £5 per cent stake
Your P&L = £175 profit
Speculating on shares, by spread trading or otherwise, doesn't always go to plan. In the above example, you had bet that the share price would rise. Naturally, it might fall.
If the Southern Company shares weakened, against your expectations, then you could close your trade to stop any further losses.
Should the spread fall back to $43.21 - $43.28 then you would sell back your position at $43.21. If so, that would mean you would lose:
Your P&L = (Final Price - Opening Price) x stake
Your P&L = ($43.21 - $43.52) x £5 per cent stake
Your P&L = -$0.31 x £5 per cent stake
Your P&L = -31¢ x £5 per cent stake
Your P&L = -£155 loss
Note: Southern Rolling Daily equities market correct as of 06-Feb-13.
Advert:
Southern Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Southern 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.
'Southern Spread Betting' by DB, updated 21-Mar-13
For related pages also see:
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