Western Union Spread Betting
Where Can I Spread Bet on Western Union? |
Investors are currently able to financial spread bet on Western Union through an account with a number of spread betting companies:
Advert:
Western Union Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Western Union with
Financial Spreads.
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Where Can I Spread Bet on Western Union for Free? |
Investing, by its very nature, always involves a degree of risk. Nevertheless, if you'd like to try a Practice Account (free), which lets you try spread trading, then see below.
Furthermore, financial spread betting in the UK is currently free of income tax, capital gains tax and stamp duty*.
Assuming you want a low cost financial spread betting platform then you should note that you are able to take a position on Western Union with no brokers' fees, and zero commissions, via:
If you would like to open a free Practice Account / Test Account which allows you to try out spread betting, including markets like Western Union, then you could always have a closer look at:
Each of the above spread trading companies currently offer a free Test Account which lets users test new strategies, apply an array of orders and access professional charts.
Where Can I Find Live Spread Betting Prices and Charts for Western Union? |
The live CFD trading chart below offers you a good overview of the Western Union share price.
The Plus500 chart that we use above typically tracks the Western Union futures price (not the spot price).
To look at spread trading charts and prices for Western Union, you may need a spread betting account.
You can also use a spreads account to access the shorter-term spot prices. Users should note that all such accounts are subject to status and credit checks.
Should your application be approved then, when you log in, you will be able to check the up-to-the-minute trading charts and prices. Usually, these will be free. What's the catch? You're likely to get an occasional newsletter or call from your chosen financial spread betting broker.
Of course, if you do decide to trade then you must remember that CFDs and spread trading do carry a high level of risk to your funds and you could lose more than your initial investment.
Advanced Charting Packages for Western Union |
Whilst the charts can differ across the various providers, in order to assist you with your analysis, the charts usually come with valuable features and tools, including:
- A wide range of intervals - 1 minute, 30 minutes, 2 hours and so on
- Various chart types - line, candlestick and OHLC charts
- Drawing features and options - Trendlines and Fibonacci Retracements
Charts offered by Capital Spreads also offer more advanced aspects such as:
- BackTesting, Tailored Indicators and Optimisation tools
- Key overlays - EMA, Bollinger Bands, Price Channels and so on
- More than 30 indicators - Momentum Percentage, Chaikin Volatility, Projection Bands and so on
- Custom email alerts for when your chosen market hits a certain level
Example Financial Spreads shares chart
The spread betting companies in the following list offer clients real-time trading charts/prices:
How to Spread Bet on Western Union? |
If an investor is looking to invest in US listed companies such as Western Union then one option could be to spread bet on the Western Union share price.
Looking at a spread betting website like Financial Spreads, we can see they have put the Western Union Rolling Daily market at $14.69 - $14.72. This means that an investor could put a spread bet on the Western Union shares:
 Moving higher than $14.72, or
 Moving lower than $14.69
When making a spread bet on S&P 500 shares you trade in £x per cent. So, should you decide to invest £5 per cent and the Western Union shares move $0.21 then there would be a difference to your P&L of £105. £5 per cent x $0.21 = £105.
You can also spread bet on this market in Dollars or Euros, e.g. €x per cent.
Rolling Daily Equities Markets
It's important to note that this is a Rolling Daily Market and so there is no preset settlement date for this market. If you leave your trade open at the end of the day, it simply keeps rolling over into the next day.
Should your position roll over, if you are speculating that the market will:
Rise - then you'll be charged a small overnight financing fee, or
Fall - then a small payment is normally credited to your account
For more information see Rolling Daily Spread Betting.
Western Union Rolling Daily - US Shares Spread Betting Example |
So, if you consider the spread of $14.69 - $14.72 and make the assumptions that:
- You've done your analysis of the stock market, and
- Your research leads you to think that the Western Union share price looks like it will rise above $14.72
Then you might go long of the market at $14.72 and invest, for the sake of argument, £5 per cent.
This means that you make a profit of £5 for every cent that the Western Union shares go higher than $14.72. Nevertheless, it also means that you will lose £5 for every cent that the Western Union market decreases below $14.72.
Thinking of this in a slightly different way, if you were to ‘Buy’ a spread bet then your profits (or losses) are calculated 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 the stake.
As a result, if after a few hours the stock started to rise you might decide to close your spread bet so that you can guarantee your profit.
So if the market rose then the spread, set by the spread trading company, might change to $14.94 - $14.97. In order to close your position you would sell at $14.94. As a result, with the same £5 stake your profit would be:
P&L = (Final Price - Opening Price) x stake
P&L = ($14.94 - $14.72) x £5 per cent stake
P&L = $0.22 x £5 per cent stake
P&L = 22¢ x £5 per cent stake
P&L = £110 profit
Trading shares, whether by spread trading or otherwise, may not go to plan. In this case, you had bet that the share price would increase. Naturally, it could fall.
If the Western Union shares had fallen then you might decide to close/settle your position to limit your losses.
Should the market pull back to $14.46 - $14.49 you would settle your trade by selling at $14.46. That would mean you would make a loss of:
P&L = (Final Price - Opening Price) x stake
P&L = ($14.46 - $14.72) x £5 per cent stake
P&L = -$0.26 x £5 per cent stake
P&L = -26¢ x £5 per cent stake
P&L = -£130 loss
Note: Western Union Rolling Daily spread betting market accurate as of 06-Feb-13.
Advert:
Western Union Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Western Union 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.
'Western Union Spread Betting' by DB, updated 25-Mar-13
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