Symantec Spread Betting
Where Can I Spread Bet on Symantec? |
Investors are able to trade commission free on Symantec, as well as a range of other markets, through firms like:
Advert:
Symantec Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Symantec with
Financial Spreads.
|
Where Can I Spread Bet on Symantec for Free? |
Trading isn't without risk. Having said that, if you want to open an entirely free Demo Account, which lets you try financial spread betting on a large range of markets, please see below for more details.
When looking at which investment option might work for you, don't forget that, in the UK, spread trading is currently exempt from capital gains tax, stamp duty and income tax*.
If you're trying to find a free spread trading website, keep in mind that investors are able to take a view on Symantec commission free and with no brokers' fees through providers like:
If you're looking for a completely free Demo Account / Test Account which allows users to trial online spread betting, including trading markets such as Symantec, then have a closer look at:
Each of these spread trading firms offer a risk free Demo Account that lets users apply a range of orders, study professional level charts and try out new theories.
Where Can I Find Live Spread Betting Prices and Charts for Symantec? |
The CFDs chart below provides readers with a useful look at the Symantec market.
The above Plus 500 chart normally tracks the Symantec futures price (not the spot price).
If you'd like to access spread trading prices and charts for Symantec, you will probably require a financial spread betting account.
A spreads account would also let you trade on the shorter term spot markets. Note that such accounts are normally dependent on suitability and status checks.
Should your new account be accepted then you will be able to log on and access the real-time trading prices and charts. On most platforms, these are provided as part of the service, however, you might receive the odd letter and/or email from your chosen spread betting company.
Of course, if you do decide to trade then you should remember that CFD trading and financial spread betting do involve a significant level of risk to your funds and you can incur losses that exceed your initial investment.
Advanced Charts for Symantec Shares |
Whilst the charting packages normally differ across the various firms, in order to assist you with your trading analysis, the charts often have useful features such as:
- A number of intervals, for example, 30 minutes, 1 hour, 1 day etc
- Various views, for example, candlestick charts and OHLC charts
- Drawing features and options, for example, Fibonacci time zones, arcs and fans
Charts with InterTrader also include more advanced aspects like:
- BackTesting, Customisable Indicators and Optimisation functions
- Key chart overlays, for example, Ichimoku Kinko Hyo, Parabolic SAR, Chande Kroll Stop etc
- A choice of indicators, for example, Historical Volatility, MACD, Commodity Channel Index etc
- Automatic email notifications that trigger when a market hits a certain level
Sample Financial Spreads equity trading chart
The spread betting companies in the list below let their clients have access to real time charts/prices:
How to Spread Bet on Symantec? |
If an investor is looking to invest in US listed companies such as Symantec then one option is to spread bet on the Symantec share price.
Looking at a spread trading site like capital spreads, we can see that they are showing the Symantec Rolling Daily market at $22.16 - $22.21. Therefore, an investor could spread bet on the Symantec shares:
 Going above $22.21, or
 Going below $22.16
When spread betting on S&P 500 shares you trade in £x per cent. Therefore, if you choose to invest £4 per cent and the Symantec share price changes by $0.31 then there would be a difference to your P&L of £124. £4 per cent x $0.31 = £124.
Note that you are also able to invest in this market in Euros or Dollars, e.g. $x per cent.
Rolling Daily Shares Markets
This is a Rolling Daily Market which means that it does not have a closing date. If your trade is still open at the end of the trading day, it will roll over to the next session.
If you do roll over a trade and you are spread betting that the market will:
Rise - then you'll often be charged a small financing fee, or
Fall - then you will normally receive a small credit to your account
If you would like a fully worked example then see Rolling Daily Spread Betting.
Symantec Rolling Daily - US Shares Trading Example |
If we consider the above spread of $22.16 - $22.21 and make the assumptions:
- You have completed your analysis of the stock markets, and
- Your research leads you to feel that the Symantec shares look like they will move higher than $22.21
Then you might choose to go long of the market at $22.21 for a stake of £5 per cent.
This means that you win £5 for every cent that the Symantec shares rise above $22.21. However, it also means that you will lose £5 for every cent that the Symantec market moves below $22.21.
Put another way, should you ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the settlement price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
As a result, if after a few trading sessions the share price started to increase then you might want to close your spread bet and therefore guarantee your profits.
So if the market moved up then the spread, set by the spread trading firm, might move up to $22.41 - $22.46. To settle/close your trade you would sell at $22.41. As a result, with the same £5 stake you would make a profit of:
Your P&L = (Settlement Level - Initial Level) x stake
Your P&L = ($22.41 - $22.21) x £5 per cent stake
Your P&L = $0.20 x £5 per cent stake
Your P&L = 20¢ x £5 per cent stake
Your P&L = £100 profit
Speculating on equities, whether by spread betting or not, doesn't always work out as you would have liked. In this example, you wanted the share price to go up. However, it could decrease.
If the Symantec stock had started to fall then you might choose to close your spread bet in order to restrict your losses.
Should the spread fall back to $21.97 - $22.02 you would settle your spread bet by selling at $21.97. This would result in a loss of:
Your P&L = (Settlement Level - Initial Level) x stake
Your P&L = ($21.97 - $22.21) x £5 per cent stake
Your P&L = -$0.24 x £5 per cent stake
Your P&L = -24¢ x £5 per cent stake
Your P&L = -£120 loss
Note - Symantec Rolling Daily spread betting market taken as of 06-Feb-13.
Advert:
Symantec Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Symantec 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.
'Symantec Spread Betting' by DB, updated 21-Mar-13
For related pages also see:
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Oracle Spread Betting, updated 20-Feb-13
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