Swiss SMI Spread Betting
Where Can I Spread Bet on the Swiss SMI? |
Investors can speculate commission free on the Swiss SMI with an account from the following spread betting firms:
Advert:
Swiss SMI Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on the Swiss SMI with
Financial Spreads.
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Where Can I Spread Bet on the Swiss SMI for Free? |
By its very nature, speculating isn't risk free, however, if you would like to open a free Test Account, that allows you to trial spread trading and access charts, see below.
When looking at which trading option is right for you, don't forget that in the UK, spread trading is currently tax free*, i.e. there is no capital gains tax, stamp duty or income tax.
If you're trying to find a free spread betting site then note that you can trade the Swiss SMI commission free with providers like:
Should you want to have a look at a Demo Account / Test Account which lets you try online spread betting, including trading markets like the Swiss SMI, then have a look at:
All of the above spread betting firms currently provide a risk free Demo Account that lets investors practice with a host of orders, try out ideas and review professional charts.
Where Can I Find Live Spread Betting Prices and Charts for the Swiss SMI? |
The following CFDs chart and prices offers a useful guide to the Swiss SMI market.
The above chart is provided by Plus500 and typically tracks the Swiss SMI futures market (not the daily market).
If you would like to access real time spread betting prices and charts for the Swiss SMI, you can use a spread betting account.
A spreads account would also give you access to the shorter-term daily prices. Please note that opening an account is subject to suitability and status checks.
If your application is approved then you can log on to see the live prices/charts. On most platforms, these will be provided for free. The catch? You're likely to get the occasional email or sales call from the financial spread betting provider.
Of course, if you do decide to trade, remember that financial spread trading and contracts for difference do involve a high level of risk to your funds and can result in you losing more than your initial deposit.
Professional Level Charts for the Swiss SMI |
Even though the specific charting packages tend to differ between firms, in order to aid your technical analysis, they usually have user friendly features that include:
- An array of time periods such as 1 minute, 1 hour, 1 month and so on
- A variety of display styles such as candle charts and line charts
- Tools for adding features such as Trendlines, Fibonacci Time Zones, Fans and Arcs
Charts on Capital Spreads also come with:
- Back Testing and Customisable Indicators
- Numerous overlays such as Moving Averages, Bollinger Bands, Envelopes and so on
- Technical indicators such as MACD, Historical Volatility, Projection Oscillator and so on
- Automated email alerts that trigger when a market hits a pre-determined level
Sample indices chart
The following spread betting firms offer their account holders live trading prices and charts:
How to Spread Bet on the Swiss SMI? |
As with many of the world's financial markets, you can place a spread bet on indices, such as the Swiss SMI, to go up or down.
Logging onto Inter Trader, we can see they are valuing the Swiss SMI December Futures market at 6551 - 6555. This means an investor can spread bet on the Swiss SMI index:
 Settling above 6555, or
 Settling below 6551
On the expiry date for this 'December' market, 20-Dec-12.
When financial spread trading on the Swiss SMI index (Switzerland 20) you trade in £x per point. Therefore, if you choose to risk £2 per point and the Swiss SMI moves 32 points then that would be a difference to your P&L of £64. £2 per point x 32 points = £64.
For short term trading on stock market indices also see Stock Market Indices Rolling Daily Spread Betting.
Swiss SMI Futures - Indices Trading Example |
So, if we consider the above spread of 6551 - 6555 and assume:
- You have analysed the index, and
- Your analysis suggests that the Swiss SMI index will close above 6555 by 20-Dec-12
Then you may decide that you want to buy a spread bet at 6555 and risk, let’s say, £3 per point.
With such a spread bet you make a profit of £3 for every point that the Swiss SMI index increases higher than 6555. On the other hand, you will lose £3 for every point that the Swiss SMI market moves lower than 6555.
Looking at this from another angle, should you ‘Buy’ a spread bet then your profit/loss is worked out by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that difference in price by the stake.
Subsequently, if, on the closing date, the Swiss SMI market settled at 6588, then:
P&L = (Closing Value - Opening Value) x stake
P&L = (6588 - 6555) x £3 per point stake
P&L = 33 x £3 per point stake
P&L = £99 profit
Trading stock market indices, by spread trading or otherwise, may not go to plan. In the above example, you wanted the index to increase. Of course, it might decrease.
If the Switzerland 20 fell and closed at 6517, you would end up making a loss on this trade.
P&L = (Closing Value - Opening Value) x stake
P&L = (6517 - 6555) x £3 per point stake
P&L = -38 x £3 per point stake
P&L = -£114 loss
Note - Swiss SMI December Futures index market accurate as of 26-Sep-12.
Advert:
Swiss SMI Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on the Swiss SMI 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.
'Swiss SMI Spread Betting' by DB, updated 21-May-13
For related pages also see:
Indices Spread Betting, updated 24-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 23-May-13
A look at popular stock market trading accounts, commission free trading, stock market charts, a price comparison, how to buy/sell a stock market index, market analysis and...read article: Stock Market Trading.
Stock Market Index Spread Betting Guides, updated 23-May-13
Over 35 individual Stock Market Index spread betting guides for the FTSE 100, Dow Jones, DAX, NASDAQ, Nikkei etc. Each guide looks at live charts and prices, where you can trade the Index commission-free, a fully worked example and...read article: Stock Market Index Spread Betting Guides.
FTSE 100 Spread Betting, updated 24-May-13
FTSE 100 spread betting guide with live FTSE 100 index prices and charts. Plus a FTSE 100 spread betting price comparison, where to spread bet on the FTSE 100 commission-free and tax-free* as well as...read article: FTSE 100 Spread Betting.
Dow Jones Spread Betting, updated 24-May-13
Dow Jones spread betting guide with live Dow Jones index prices and charts. Plus a Dow Jones spread betting price comparison, where to spread bet on the Dow Jones commission-free and tax-free* as well as...read article: Dow Jones Spread Betting.
DAX 30 Spread Betting, updated 24-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 24-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 24-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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