United Drug Spread Betting
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Welcome to Clean Financial's guide to United Drug spread betting.
Quick and simple answers to common United Drug questions:
Q) Where can I Spread Bet on United Drug?
Q) Where can I Spread Bet on Irish Shares?
Q) Where can I Trade for Free on United Drug?
Q) How to Spread Bet on United Drug?
Q) Where can I find Free Live Prices on United Drug?
Q) Where can I find Free United Drug Charts?
Advert:
United Drug Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on United Drug with
Financial Spreads.
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Where can I Spread Bet on United Drug shares?
You can currently spread bet on United Drug and other Irish shares at:
Note that you can also spread bet on United Drug with other spread betting companies.
Where can I Spread Bet on United Drug shares for Free?
It depends upon what you mean by 'Free'
- Spread betting is not risk free. You may lose more than your initial investment.
- If you're looking for a free Demo Account where you can practice Irish shares spread trading see below.
- Tax 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 United Drug, and other Irish and global shares, with no commissions and with no brokers fees at:
Free Demo Account
If you are looking for a free Practice Account / Test Account where you can trial spread betting, including Irish shares markets like United Drug, then you could try:
Each of the above currently offers a free demo account.
How to Spread Bet on Irish Shares - United Drug Rolling Daily
If you are looking to invest in European listed companies like United Drug then one option could be to place a spread bet on the United Drug share price.
Looking at the Inter Trader trading site, they are valuing the United Drug Rolling Daily market at €2.33 - €2.38. As a result, an investor could spread trade on the United Drug shares:
- Going higher than €2.38, or
- Going lower than €2.33
Whilst spread betting on Irish equities you trade in £x per cent. As a result, if you decide to invest £10 per cent and the United Drug share price moves €0.05 then there would be a difference to your profits of £50. £10 per cent x €0.05 = £50.
Note that you are also able to trade this market in Dollars or Euros, e.g. €x per cent.
Rolling Daily Shares Markets
You should note that this is a Rolling Daily Market which means that there is no closing date for this market. If your trade is open at the end of the day, it will just roll over into the next trading session.
If you do roll over a trade and you are spread betting that the market will:
- Rise - then you would normally pay a small financing fee, or
- Fall - then you will usually receive a small credit to your account
For a fully worked example see Rolling Daily Spread Betting.
United Drug Rolling Daily - Irish Equities Spread Betting Example
If we think about the above spread of €2.33 - €2.38 and make the assumptions:
- you have analysed the markets, and
- you think that the United Drug share price will go higher than €2.38
then you may decide that you want to go long of the market at €2.38 and risk, for example, £5 per cent.
Therefore, you win £5 for every cent that the United Drug shares push above €2.38. However, it also means that you will lose £5 for every cent that the United Drug market moves below €2.38.
Put another way, should you buy a spread bet then your P&L 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.
If after a few days the stock rose then you might consider closing your position in order to guarantee your profit.
If that happened then the spread, set by the spread trading company, might change to €2.57 - €2.62. You would close your spread bet by selling at €2.57. Therefore, with the same £5 stake you would calculate your profit as:
Profits (or losses) = (Closing Price - Initial Price) x stake
Profits (or losses) = (€2.57 - €2.38) x £5 per cent stake
Profits (or losses) = €0.19 x £5 per cent stake
Profits (or losses) = 19c x £5 per cent stake
Profits (or losses) = £95 profit
Speculating on equities, whether by spread betting or not, is not simple. With this example, you had bet that the share price would rise. Of course, the share price might go down.
If the United Drug shares weakened, against your expectations, then you might choose to close your position in order to limit your losses.
If the market dropped to €2.21 - €2.26 you would close your spread bet by selling at €2.21. If so, that would mean you would lose:
Profits (or losses) = (Closing Price - Initial Price) x stake
Profits (or losses) = (€2.21 - €2.38) x £5 per cent stake
Profits (or losses) = -€0.17 x £5 per cent stake
Profits (or losses) = -17c x £5 per cent stake
Profits (or losses) = -£85 loss
Note - United Drug Rolling Daily spread betting market taken as of 12-Oct-10.
Where can I Find Live Prices on United Drug?
If you want to access live spread betting markets, including Irish shares, then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
The spread betting firms listed on this page do not charge fees for account applications.
If your application is approved then you can log on to their website and access their Live Prices and charts. There is no charge for looking at their prices.
The catch? You'll get the odd email or letter from them. The companies below also offer clients access to candlestick charts.
Of course, if you do trade then you should note that spread trading carries a high level of risk to your capital and you could lose more than your initial investment.
Live prices are available for account holders at:
Where can I Find Candlestick Charts for United Drug?
Like live prices, if you want to access candlestick charts for Irish shares then you generally need to open an account with a spread betting company that offers Irish shares. Note that accounts are subject to status.
If your application is approved then you can log on to their website and access their candlestick charts.
You can usually alter the charts to see market data by the tick, by the minute, by the hour, by the week etc. There are also other options that allow you to easily add analysis such as Moving Averages and Bollinger Bands.
As you can see the charts show how Irish share prices, as with most financial spread betting markets, are not perfect and how you can expect the prices to "gap".
Advert:
United Drug Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on United Drug with
Financial Spreads.
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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.
'United Drug Spread Betting' by DB, updated 01-Oct-12
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