Turkey 30 Spread Betting
Where Can I Spread Bet on the Turkey 30? |
You can currently spread bet on the Turkey 30 and other indices at:
» IG
The Turkey 30 index may be available with other brokers.
Where Can I Trade the Turkey 30 for Free? |
It depends upon what you mean by 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 the Turkey 30 and other index markets commission free and with no brokers' fees with IG Index.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
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How to Spread Bet on the Turkey 30? |
As with a wide variety of global financial markets, you are able to place a spread bet on indices, like the Turkey 30, to either rise or fall.
Looking at the IGIndex spread betting site, they are giving the Turkey 30 February Futures market at 75000.00 - 75125.00. Therefore, you could spread bet on the Turkey 30 index:
- Finishing higher than 75125.00, or
- Finishing lower than 75000.00
On the closing date for this 'February' market, 28-Feb-11.
Whilst spread trading on the Turkey 30 index you trade in £x per point. Therefore, if you decided to have a stake of £0.20 per point and the Turkey 30 moves 100.00 points then that would be a difference to your bottom line of £20. £0.20 per point x 100.00 points = £20.
For short term trading on a range of indices also see Indices Rolling Daily Spread Betting.
Turkey 30 Futures Spread Trading Example
So, if we consider the above spread of 75000.00 - 75125.00 and assume:
- You have completed your market research, and
- You feel that the Turkey 30 index will close higher than 75125.00 by 28-Feb-11
Then you could decide to go long of the market at 75125.00 for a stake of £0.10 per point.
With such a spread bet you make a profit of £0.10 for every point that the Turkey 30 index pushes above 75125.00. On the other hand, such a bet also means you will lose £0.10 for every point that the Turkey 30 market decreases below 75125.00.
Looking at this from another angle, should you ‘Buy’ a spread bet then your P&L is found 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.
Subsequently, if, on the settlement date, the Turkey 30 settled higher at 76139.20, then:
Profit = (Closing Price - Opening Price) x stake
Profit = (76139.20 - 75125.00) x £0.10 per point stake
Profit = 1014.20 x £0.10 per point stake
Profit = £101.42 profit
Speculating on indices doesn't always work out as you would have liked. In this example, you wanted the index to go up. However, it could decrease.
If the Turkey 30 fell, closing at 74185.90, you would end up making a loss and losing on this trade.
Loss = (Closing Price - Opening Price) x stake
Loss = (74185.90 - 75125.00) x £0.10 per point stake
Loss = -939.10 x £0.10 per point stake
Loss = -£93.91 loss
Note: Turkey 30 February Futures spread betting price taken as of 24-Feb-11.
Where Can I Find Free Live Turkey 30 Prices? |
If you want to access quick live market information then you could do worse than opening an account with a spread betting company like IG Index.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
As mentioned above, you can get free charts with spread betting companies like IG.
As with most candlestick charts, you can alter the charts to see market data by the minute, by the hour, by the week etc. There are also a number of other settings designed to help you analyse the markets.
Example Stock Market Charts:
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
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'Turkey 30 Spread Betting' edited by Jacob Wood, updated 13-Apr-17
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Turkey 30 Spread Betting
In our Turkey 30 spread betting guide we review where to get live charts, where to spread bet on the Turkey 30 stock market index tax-free* and with 0% commission, how to trade and... » read from top.
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