Sweden 30 Spread Betting
Where Can I Spread Bet on the Sweden 30? |
You can currently spread bet on the Sweden 30 and other Indices at:
» IG Index
» CMC Markets
» GFT
The Sweden 30 index may be available with other brokers.
Where Can I Trade the Sweden 30 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 Sweden 30 and other index markets commission free and with no brokers' fees with IG Index.
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How to Spread Bet on the Sweden 30? |
As with many financial markets, an investor can spread bet on stock market indices, like the Sweden 30, to either rise or fall.
Looking at a spread betting website like IGIndex, we can see that they are currently offering the Sweden 30 October Futures market at 1062.40 - 1063.10. As a result, an investor can spread bet on the Sweden 30 market:
 Finishing higher than 1063.10, or
 Finishing lower than 1062.40
On the closing date for this 'October' market, 19-Oct-12.
Whilst spread betting on the Sweden 30 index you trade in £x per point. As a result, if you decide to invest £5 per point and the Sweden 30 moves 30 points then that would be a difference to your bottom line of £150. £5 per point x 30 points = £150.
For short term trading on stock market indices also see Stock Market Indices Rolling Daily Spread Betting.
Sweden 30 Futures - Index Spread Betting Example |
If we consider the spread of 1062.40 - 1063.10 and assume:
- You have done your analysis of the stock markets, and
- You think that the Sweden 30 index will settle higher than 1063.10 by 19-Oct-12
Then you may decide that you want to go long of the market at 1063.10 for a stake of, let’s say, £10 per point.
This means that you make a profit of £10 for every point that the Sweden 30 index increases above 1063.10. Of course, you will make a loss of £10 for every point that the Sweden 30 market falls below 1063.10.
Looking at this from another angle, if you buy a spread bet then your P&L is found by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.
Therefore, if, on the expiry date, the Sweden 30 market settled higher at 1077.50, then:
P&L = (Settlement Value - Opening Value) x stake
P&L = (1077.50 - 1063.10) x £10 per point stake
P&L = 14.40 x £10 per point stake
P&L = £144.00 profit
Trading stock market indices, whether by spread trading or otherwise, doesn't always go to plan. In this example, you wanted the Swedish stock market index to go up. Nevertheless, the index can also fall.
If the Swedish stock market had fallen, with the Sweden 30 closing lower at 1050.30, then you would end up making a loss.
P&L = (Settlement Value - Opening Value) x stake
P&L = (1050.30 - 1063.10) x £10 per point stake
P&L = -12.80 x £10 per point stake
P&L = -£128.00 loss
Note - Sweden 30 October Futures spread quoted as of 10-Oct-11.
Where Can I Find Free Live Sweden 30 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 Sweden 30? |
The CFD chart below will offer you a guide to the Sweden 30 index market.
The above chart, provided by Plus500, is typically based on the underlying Sweden 30 futures contract.
If you would like access to real time spread betting charts/prices for the Sweden 30, you generally require a financial spread betting account.
Accounts are subject to suitability, credit and status checks.
If your application is accepted, you can log on to view the live prices and charts. These are normally free. The catch is that you might receive an occasional sales letter and/or email from your chosen financial spread betting broker.
If you decide to trade, remember that CFD trading and spread betting 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:
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Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
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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.
'Sweden 30 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
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Stock Market Index Spread Betting Guides, updated 26-Apr-13
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FTSE 100 Spread Betting, updated 17-May-13
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Dow Jones Spread Betting, updated 17-May-13
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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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