Turkey 30 Spread Betting
Where Can I Spread Bet on the Turkey 30? |
You can currently spread bet on the Turkey 30 and other indices at:
» IG Index
The Turkey 30 index may be available with other brokers.
Where Can I Trade the Turkey 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 Turkey 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 Turkey 30? |
As with a wide variety of global financial markets, you are able to place a spread bet on indices, like the Turkey 30, to either rise or fall.
Looking at the IGIndex spread betting site, they are giving the Turkey 30 February Futures market at 75000.00 - 75125.00. Therefore, you could spread bet on the Turkey 30 index:
- Finishing higher than 75125.00, or
- Finishing lower than 75000.00
On the closing date for this 'February' market, 28-Feb-11.
Whilst spread trading on the Turkey 30 index you trade in £x per point. Therefore, if you decided to have a stake of £0.20 per point and the Turkey 30 moves 100.00 points then that would be a difference to your bottom line of £20. £0.20 per point x 100.00 points = £20.
For short term trading on a range of indices also see Indices Rolling Daily Spread Betting.
Turkey 30 Futures Spread Trading Example
So, if we consider the above spread of 75000.00 - 75125.00 and assume:
- You have completed your market research, and
- You feel that the Turkey 30 index will close higher than 75125.00 by 28-Feb-11
Then you could decide to go long of the market at 75125.00 for a stake of £0.10 per point.
With such a spread bet you make a profit of £0.10 for every point that the Turkey 30 index pushes above 75125.00. On the other hand, such a bet also means you will lose £0.10 for every point that the Turkey 30 market decreases below 75125.00.
Looking at this from another angle, should you ‘Buy’ a spread bet then your P&L is found 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.
Subsequently, if, on the settlement date, the Turkey 30 settled higher at 76139.20, then:
Profit = (Closing Price - Opening Price) x stake
Profit = (76139.20 - 75125.00) x £0.10 per point stake
Profit = 1014.20 x £0.10 per point stake
Profit = £101.42 profit
Speculating on indices doesn't always work out as you would have liked. In this example, you wanted the index to go up. However, it could decrease.
If the Turkey 30 fell, closing at 74185.90, you would end up making a loss and losing on this trade.
Loss = (Closing Price - Opening Price) x stake
Loss = (74185.90 - 75125.00) x £0.10 per point stake
Loss = -939.10 x £0.10 per point stake
Loss = -£93.91 loss
Note: Turkey 30 February Futures spread betting price taken as of 24-Feb-11.
Where Can I Find Free Live Turkey 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.
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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Financial Spreads review.
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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.
'Turkey 30 Spread Betting' by DB, updated 17-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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