GlaxoSmithKline Spread Betting
Where Can I Spread Bet on GlaxoSmithKline?
Currently, you can trade GlaxoSmithKline by opening an account with any of the following spread betting firms:
|Broker Ratings - Sponsored by IG
GlaxoSmithKline Broker Ratings
A look at the latest GlaxoSmithKline broker ratings:
|14-Mar-16||Neutral||Exane BNP Paribas||1412.5||1350||-4.40%|
|23-Feb-16||Neutral||Exane BNP Paribas||1380||1350||-2.20%|
|03-Feb-16||Neutral||Exane BNP Paribas||1425||1400||-1.80%|
|28-Jan-16||Market Perform||Leerink Partners LLC||1431||1565||9.40%|
|27-Jan-16||Buy||Bryan Garnier & Cie||1423.5||1635||14.90%|
|08-Dec-15||Neutral||Exane BNP Paribas||1328||1400||5.40%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for GlaxoSmithKline?
The following CFDs chart offers you a handy look at the GlaxoSmithKline share price.
The above chart is from Plus 500 and usually follows the underlying GlaxoSmithKline futures price.
If you want to review spread trading prices/charts for GlaxoSmithKline, you generally need a spread trading account.
In addition, a spreads account would give you access to the short term daily prices. Readers should note that accounts are normally dependent on status and suitability checks.
If your application is approved then you can log on and review the real time trading prices and charts. These are usually provided as part of the service. Having said that, you might receive an occasional email or letter from your spread trading firm.
Of course, if you decide to trade, be aware that CFD trading and spread trading involve a significant level of risk to your capital and it is possible to incur losses that exceed your initial deposit.
See below for more on advanced GlaxoSmithKline charts.
GlaxoSmithKline Analysis & News
Professional Level Charting Packages for GlaxoSmithKline Shares
Whilst the specific charting packages differ from provider to provider, in order to aid your trading analysis, the charts generally have user friendly features such as:
Charts on InterTrader also include other benefits such as:
- A host of different intervals, for example, 3 minutes, 1 hour, 4 hours and so on
- A variety of chart views, for example, line, OHLC and candlestick charts
- Drawing features, for example, trendlines, Fibonacci arcs, fans and time zones
FinancialSpreads share trading chart
- Customisable Indicators, BackTesting and Optimisation tools
- Popular overlays, for example, Bollinger Bands, Moving Average, Chande Kroll Stop and so on
- Indicator charts, for example, Chaikin Money Flow, RMI, Ultimate Oscillator and so on
- Automatic email alerts for when your chosen market reaches a particular price
The financial spread betting firms in the following list provide their users with real time trading prices/charts:
Where Can I Spread Bet on GlaxoSmithKline for Free?
Speculating isn't risk free. However, if you would like to open an entirely free Test Account, that allows you to try out spread betting and check candlestick charts, then see below for more details.
When looking at which trading option might work for you, don't forget that spread betting in the UK is exempt from tax*.
If you are trying to find a low cost financial spread betting website, keep in mind that you can speculate on GlaxoSmithKline without paying any commissions through firms such as:
If you want to have a look at an entirely free Test Account / Practice Account where users are able to get a better understanding of online spread betting on markets such as GlaxoSmithKline, then have a look at:
Each of the above firms offer a risk free Test Account which investors can use to gain experience with an array of trading orders, check charts and try out new trading ideas.
How to Spread Bet on GlaxoSmithKline?
Should an investor decide to invest in firms like GlaxoSmithKline then one solution could be spread betting on the GlaxoSmithKline share price.
Looking at Selftrade Markets, you can see they are currently offering the GlaxoSmithKline Rolling Daily market at 1416.2p - 1418.3p. Therefore, an investor can spread trade on the GlaxoSmithKline shares:
Going above 1418.3p, or
Going below 1416.2p
When financial spread trading on FTSE 350 equities you trade in £x per penny. So, if you chose to risk £2 per penny and the GlaxoSmithKline share price changes by 25p then that would alter your profits (or losses) by £50. £2 per penny x 25p = £50.
Rolling Daily Equities Markets
An important aspect of this Rolling Daily Market is that it does not have a set closing date. Should your trade be left open at the end of the trading day, it will just roll over into the next trading session.
If you allow your position to roll over and are spread betting on the market to:
Increase - then you will pay a small overnight financing fee, or
Decrease - then you will usually receive a small credit to your account
To learn more please read Rolling Daily Spread Betting.
GlaxoSmithKline Rolling Daily - Shares Trading Example
Now, if you take the above spread of 1416.2p - 1418.3p and assume:
Then you may choose to go long of the market at 1418.3p and risk, letís say, £3 per penny.
- You've completed your analysis, and
- Your research suggests that the GlaxoSmithKline share price looks like it will increase and go above 1418.3p
So, you win £3 for every penny that the GlaxoSmithKline shares move higher than 1418.3p. Having said that, it also means that you will lose £3 for every penny that the GlaxoSmithKline market falls below 1418.3p.
Looked at 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 price difference by your stake.
As a result, if after a few sessions the stock started to rise you might decide to close your position to secure your profit.
So if the market moved up then the spread might move to 1458.7p - 1460.8p. You would close your position by selling at 1458.7p. Accordingly, with the same £3 stake:
Profits (or losses) = (Closing Value - Initial Value) x stake
Profits (or losses) = (1458.7p - 1418.3p) x £3 per penny stake
Profits (or losses) = 40.4p x £3 per penny stake
Profits (or losses) = £121.20 profit
Speculating on equities, whether by spread betting or not, is not always easy. With this example, you had bet that the share price would go up. Of course, it could go down.
If the GlaxoSmithKline share price had fallen then you might choose to close your position to stop any further losses.
So if the spread pulled back to 1382.8p - 1384.9p you would close your position by selling at 1382.8p. So your loss would be calculated as:
Profits (or losses) = (Closing Value - Initial Value) x stake
Profits (or losses) = (1382.8p - 1418.3p) x £3 per penny stake
Profits (or losses) = -35.5p x £3 per penny stake
Profits (or losses) = -£106.50 loss
Note - GlaxoSmithKline Rolling Daily spread betting price accurate as of 19-Oct-12.
GlaxoSmithKline Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GlaxoSmithKline with
'GlaxoSmithKline Spread Betting' edited by Jenna Cutly, updated 03-Oct-17
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