Randgold Resources Spread Betting
Where Can I Spread Bet on Randgold Resources?
You are currently able to financial spread bet with no brokers' fees or commissions on Randgold Resources, in addition to a range of related spread betting markets, with companies such as:
|Broker Ratings - Sponsored by IG
Randgold Resources Broker Ratings
A look at the latest Randgold Resources broker ratings:
|14-Mar-16||Market Perform||BMO Capital Markets||6300||6250||-0.80%|
|24-Feb-16||Sector Perform||RBC Capital Markets||6545||5100||-22.10%|
|08-Feb-16||Outperform||BMO Capital Markets||5520||6000||8.70%|
|06-Jan-16||Outperform||RBC Capital Markets||4265||4500||5.50%|
|18-Sep-15||Buy||Numis Securities Ltd||3849||5000||29.90%|
|28-Aug-15||Buy||Numis Securities Ltd||3948||5000||26.60%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Randgold Resources?
The interactive CFD trading chart below gives you a useful insight into the Randgold Resources share price.
The chart above is provided by Plus500 and normally follows the near-term Randgold Resources futures market (not the spot market).
Should you want to analyse real time financial spread betting prices and charts for Randgold Resources, you may require a spread betting account.
Also, a spreads account will let you have access to daily markets. Note that such accounts are subject to credit, suitability and status checks.
Should your account application be approved then, after logging on, you will be able to look at the real time trading charts/prices. Usually, these are provided as part of the service, however, you might receive an occasional sales letter or call from your spread trading company.
If you do trade then, before you start, you should note that CFDs and spread betting do involve a high degree of risk and losses could exceed your initial deposit.
See below for more on advanced Randgold Resources charts.
Randgold Resources Analysis & News
Professional Level Charting Packages for Randgold Resources Shares
Though charts can differ between providers, the majority of charts have user friendly features and tools that include:
Charts provided by Financial Spreads also offer more advanced features, including:
- An array of time periods such as 15 minutes, 1 hour, 1 week etc.
- Various chart types such as candlestick and line charts
- Drawing options and tools such as Trendlines, Fibonacci Arcs, Time Zones and Fans
Sample share trading chart from FinancialSpreads.com
- BackTesting, Custom Indicators and Optimisation functions
- Popular overlays such as Ichimoku Clouds, Moving Averages, Wilder's Smoothing etc.
- Indicators such as Stochastics, Chaikin's Volatility, % Price Oscillator etc.
- Custom email alerts that trigger when your chosen market hits a pre-determined level
The online spread betting brokers in the following list provide their clients with prices and live charts:
Where Can I Spread Bet on Randgold Resources for Free?
Trading the markets always involves an element of risk. However, if you would like to open an entirely free Practice Account, that lets you look at candlestick charts and try out spread trading, then see below for further details.
When thinking about which investment option is right for you, also remember that, in the UK, spread trading is currently free of capital gains tax, income tax and stamp duty*.
If you're interested in a free spread betting site, you should keep in mind that you can financial spread bet on Randgold Resources without brokers' fees or commissions with firms like:
If you want to open a Demo Account / Test Account that allows users to try out financial spread betting, and markets such as Randgold Resources, then take a look at:
Each of the companies listed above offer a risk free Demo Account which lets investors gain experience with a host of orders, try out strategies and analyse charts.
How to Spread Bet on Randgold Resources?
If an investor wants to invest in UK listed companies such as Randgold Resources then one option could be spread trading on the Randgold Resources share price.
Looking at a spread trading site like Selftrade Markets, we can see that they are currently valuing the Randgold Resources Rolling Daily market at 7551.2p - 7568.8p. Therefore, an investor could spread bet on the Randgold Resources share price:
Moving above 7568.8p, or
Moving below 7551.2p
Whilst spread betting on UK shares you trade in £x per penny. Therefore, if you choose to risk £3 per penny and the Randgold Resources share price changes by 33p then that would change your profits (or losses) by £99. £3 per penny x 33p = £99.
Rolling Daily Equities Markets
Be aware that this is a Rolling Daily Market which means that unlike a normal futures market, there is no closing date. If you decide to leave your trade open at the end of the day, it will just roll over into the next trading session.
Should your spread bet roll over, if you are speculating that the market will:
Rise - then you'll be charged a small overnight financing fee, or
Fall - then you'll often receive a small payment to your account
For a fully worked example see Rolling Daily Spread Betting.
Randgold Resources Rolling Daily - Shares Spread Trading Example
If you think about the spread of 7551.2p - 7568.8p and assume that:
Then you could decide that you are going to go long of the market at 7568.8p and invest £2 per penny.
- You've done your equities analysis, and
- Your research leads you to feel the Randgold Resources share price looks like it will increase and move above 7568.8p
So, you win £2 for every penny that the Randgold Resources shares move higher than 7568.8p. Having said that, it also means that you will make a loss of £2 for every penny that the Randgold Resources market goes below 7568.8p.
Considering this from another angle, should you buy a spread bet then your profits (or losses) are worked out by taking the difference between the final price of the market and the price you bought the market at. You then multiply that price difference by the stake.
If after a few days the share price started to move upwards then you could choose to close your position so that you can secure your profit.
So if the market rose then the spread might change to 7633.1p - 7650.7p. In order to close your position you would sell at 7633.1p. As a result, with the same £2 stake you would calculate your profit as:
Your profits (or losses) = (Closing Price - Initial Price) x stake
Your profits (or losses) = (7633.1p - 7568.8p) x £2 per penny stake
Your profits (or losses) = 64.3p x £2 per penny stake
Your profits (or losses) = £128.60 profit
Trading shares, whether by spread trading or otherwise, doesn't always work out as you would have liked. In this example, you had bet that the share price would rise. Naturally, it can also decrease.
If the Randgold Resources shares fell then you might choose to close your spread bet in order to limit your losses.
So if the spread dropped to 7496.9p - 7514.5p you would settle/close your trade by selling at 7496.9p. So your loss would be calculated as:
Your profits (or losses) = (Closing Price - Initial Price) x stake
Your profits (or losses) = (7496.9p - 7568.8p) x £2 per penny stake
Your profits (or losses) = -71.9p x £2 per penny stake
Your profits (or losses) = -£143.80 loss
Note - Randgold Resources Rolling Daily equities market correct as of 19-Oct-12.
Randgold Resources Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Randgold Resources with
'Randgold Resources Spread Betting' edited by Jenna Cutly, updated 03-Oct-17
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