Next Spread Betting
Where Can I Spread Bet on Next?
At the moment, you are able to trade commission free and with no brokers' fees on Next, plus a variety of similar markets, with companies such as:
|Broker Ratings - Sponsored by IG
A look at the latest Next broker ratings:
|02-Dec-13||Neutral||Espirito Santo Execution||5518.4||5500||-0.33%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Next?
The CFD chart below offers you a useful overview of the Next share price.
The chart above is from Plus 500 and is usually based on the Next futures market.
To study real time spread betting charts and prices for Next, you will generally require a spread betting account.
A spreads account would also let you trade on the short-term daily prices. Users should note that opening any such account is subject to status and suitability checks.
Should your application be approved, you can log in and look at the up-to-the-minute trading prices/charts. These are normally provided for free. So what's the catch? You're likely to receive the occasional sales call and/or letter from the relevant financial spread betting provider.
If you want to trade then, before you start, be aware that spread betting and contracts for difference do involve a high degree of risk to your funds and can result in losses that are greater than your initial investment.
See below for more on advanced Next charts.
Professional Level Charting Packages for Next Shares
Although the specific charting packages can vary across the industry, in order to aid your analysis, they generally come with useful tools that include:
The charts on FinancialSpreads.com also come with other benefits such as:
- A number of different time periods - 5 minutes, 30 minutes, 4 hours etc
- Various chart views - candle charts and OHLC charts
- Tools for adding features - Fibonacci fans, arcs and time zones
Sample equities trading chart from Financial Spreads
- Custom Indicators, Back Testing and Analysis tools
- Chart overlays - Bollinger Bands, EMA, Linear Regression etc
- A choice of indicator charts - Relative Volatility Index, Historical Volatility, CCI etc
- Automatic alerts when a market hits a specific price
The spread betting companies in the list below let their users have access to prices and live charts:
Where Can I Spread Bet on Next for Free?
Speculating always involves a degree of risk. Having said that, if you want to try a completely free Practice Account, that lets you try financial spread betting, then see below for further details.
When thinking about which trading option might work for you, also remember that, in the UK, spread betting is currently exempt from stamp duty, income tax and capital gains tax*.
If you are trying to find a free online spread trading platform, keep in mind that you can take a view on Next without paying any brokers' fees or commissions through providers such as:
If you're interested in a free Test Account which allows you to try out spread betting, including trading markets such as Next, then look into:
The companies listed above currently offer a risk free Test Account which lets investors test trading strategies, apply a range of trading orders and check professional level charts, such as line and candlestick charts.
How to Spread Bet on Next?
If an investor is looking to invest in UK companies such as Next then one solution could be spread betting on the Next share price.
Looking at a spread betting website like FinancialSpreads, you can see that they have priced the Next Rolling Daily market at 3624.1p - 3629.9p. Therefore, an investor could put a spread bet on the Next shares:
Moving above 3629.9p, or
Moving below 3624.1p
When spread trading on FTSE 350 equities you trade in £x per penny. Therefore, if you chose to invest £3 per penny and the Next shares move 25p then that would be a difference to your profits (or losses) of £75. £3 per penny x 25p = £75.
Rolling Daily Equities Markets
You should note that this is a 'Rolling Daily Market', therefore it does not have a set settlement date. If you leave your trade open at the end of the day, it will stay open and roll over into the next trading session.
If you do roll over a bet and you are spread betting that the market will:
Go up - then you are normally charged a small financing fee, or
Go down - then a small payment is often credited to your account
For a worked example please see Rolling Daily Spread Betting.
Next Rolling Daily - Equities Spread Trading Example
Now, if we think about the spread of 3624.1p - 3629.9p and make the assumptions that:
Then you may decide that you are going to buy at 3629.9p and risk £2 per penny.
- You've done your stock market analysis, and
- Your analysis leads you to think that the Next share price is likely to move above 3629.9p
This means that you win £2 for every penny that the Next shares increase and move higher than 3629.9p. Having said that, such a bet also means that you will lose £2 for every penny that the Next market goes below 3629.9p.
Thinking of this in a slightly different way, should you buy a spread bet then your profit/loss is found by taking the difference between the settlement price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.
With this in mind, if after a few sessions the stock rose then you might consider closing your position so that you can guarantee your profit.
If that happened then the spread, determined by the spread betting company, could be adjusted to 3702.5p - 3708.3p. You would settle your position by selling at 3702.5p. Therefore, with the same £2 stake:
Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (3702.5p - 3629.9p) x £2 per penny stake
Profit / loss = 72.6p x £2 per penny stake
Profit / loss = £145.20 profit
Trading shares, whether by spread betting or not, may not go to plan. In the above example, you had bet that the share price would increase. Naturally, it could decrease.
If the Next share price weakened, against your expectations, then you could close your position to limit your losses.
Should the market drop to 3548.6p - 3554.4p then this means you would settle your position by selling at 3548.6p. Therefore, you would make a loss of:
Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (3548.6p - 3629.9p) x £2 per penny stake
Profit / loss = -81.3p x £2 per penny stake
Profit / loss = -£162.60 loss
Note: Next Rolling Daily spread betting market taken as of 19-Oct-12.
Next Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Next with
'Next Spread Betting' edited by Jenna Cutly, updated 03-Oct-17
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