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
» 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.
Swedish Stock Market Updates
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» For more see Stock Market Trading News & Analysis.
Where Can I Find Live 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.
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.
Spread Betting on Swedish Companies |
If you are interesting in spread betting on Swedish companies, we have some examples below.
As well as live charts and prices, we talk you through the most popular spread betting questions for that Swedish company:
| Company Name |
Symbol |
Swedish Shares
Spread Betting Guides » |
Charts &
Prices |
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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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.
How to Spread Bet on Swedish Shares |
If an investor wants to speculate on Swedish firms like Alfa Laval then one solution is to spread trade on the Alfa Laval share price.
Looking at a website like InterTrader, we can see they are currently showing the Alfa Laval Rolling Daily market at 147.3 SEK - 147.6 SEK. This means you can put a spread bet on the Alfa Laval share price:
Rising above 147.6 SEK, or
Falling below 147.3 SEK
When spread trading on Swedish equities you trade in £x per Krona, where a Krona is 1 Swedish Krona. Therefore, if you choose to invest £2 per Krona and the Alfa Laval shares move 38 SEK then that would alter your P&L by £76. £2 per Krona x 38 SEK = £76.
You can also spread bet on this market in Dollars or Euros, e.g. €x per Krona.
Rolling Daily Equities Markets
One thing to note is that this is a Rolling Daily Market which means that there is no closing date for this market. If a trade is still open when the markets close at the end of the day, it just rolls over into the next session.
If you do let your bet roll over into the next day and are spread betting on the market to:
Increase - then you are normally charged a small financing fee, or
Decrease - then you'll normally receive a small credit to your account
To find out more about Rolling Daily Markets read our feature Rolling Daily Spread Betting.
Alfa Laval Rolling Daily - Swedish Equities Spread Trading Example |
So, if we continue with the spread of 147.3 SEK - 147.6 SEK and make the assumptions that:
- You have done your stock market analysis, and
- Your research leads you to think the Alfa Laval share price is likely to move higher than 147.6 SEK
Then you might choose to buy a spread bet at 147.6 SEK for a stake of £20 per Krona.
So, you gain £20 for every Krona that the Alfa Laval shares push above 147.6 SEK. Nevertheless, such a bet also means that you will make a loss of £20 for every Krona that the Alfa Laval market goes below 147.6 SEK.
Put another way, should you ‘Buy’ a spread bet then your profit/loss is worked out by taking the difference between the closing price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.
With this in mind, if after a few hours the stock moved higher then you could consider closing your trade and therefore guarantee your profits.
Therefore, if the market moved up then the spread, set by the spread betting company, could change to 154.2 SEK - 154.5 SEK. To close your trade you would sell at 154.2 SEK. Accordingly, with the same £20 stake this trade would make you a profit of:
Your P&L = (Closing Level - Initial Level) x stake
Your P&L = (154.2 SEK - 147.6 SEK) x £20 per Krona stake
Your P&L = 6.6 SEK x £20 per Krona stake
Your P&L = £132.00 profit
Trading shares, by spread betting or otherwise, is not easy. In this example, you wanted the share price to increase. Of course, it could go down.
If the Alfa Laval shares weakened, against your expectations, then you could choose to close your spread bet to stop any further losses.
Should the spread drop to 141.9 SEK - 142.2 SEK then this means you would settle your position by selling at 141.9 SEK. So your loss would be calculated as:
Your P&L = (Closing Level - Initial Level) x stake
Your P&L = (141.9 SEK - 147.6 SEK) x £20 per Krona stake
Your P&L = -5.7 SEK x £20 per Krona stake
Your P&L = -£114.00 loss
Note: Alfa Laval Rolling Daily market accurate as of 20-Mar-13.
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
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'Sweden 30 Spread Betting' edited by Jacob Wood, updated 09-Oct-17
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Sweden 30 Spread Betting
Sweden 30 stock market futures spread betting guide with live prices & charts. Also, where to spread bet on the Sweden 30 index commission-free and tax-free* as well as... » read from top.
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The index is above the 20 period MA of 1,647.23 and above the 50 period MA of 1,649.37.
