Spread Betting Answers:
1. How to Spread Bet on Arcelor Mittal shares?
Looking at the equities markets, the current price of the Arcelor Mittal Rolling Daily market is €27.16 - €27.23 with spread trading firms like Capitalspreads.
Like the majority of European equities listed on the exchanges, an investor can speculate on the Arcelor Mittal shares to rise or fall. With the Arcelor Mittal Rolling Daily market, investors can place a spread bet on:
a) Arcelor Mittal shares to move above €27.23, or
b) Arcelor Mittal shares to move below €27.16.
It should be noted that with the Arcelor Mittal market you trade in £X per cent, where a cent is 1c of Arcelor Mittal share price movement. As an example, if you had a stake of £6 per cent and the Arcelor Mittal share price moves 5c then that would make a difference to your bottom line of £30.
Arcelor Mittal Equities Spread Betting Example
As a brief example, let’s say you see the live price on an online spread trading website and it gives the current spread of €27.16 - €27.23. So, following suitable analysis of the markets, you might come to think that the Arcelor Mittal shares will move above €27.23. This implies:
- You believe the Arcelor Mittal share price should increase
- You decide you are going to ‘buy’ the market at €27.23 and you risk £3 per cent
- The market increases with the spread becoming €27.68 - €27.75
- With the new spread you can choose to take your profit and close your position. In order to do this you would sell at €27.68
- You bought the spread bet at €27.23
- Profit = (Settlement Level - Opening Level) x stake
- Profit = (€27.68 - €27.23) x £3 per cent stake
- Profit = €0.45 x £3 per cent stake
- Profit = 45c x £3 per cent stake
- Profit = £135 profit
Spread bets don’t always go to plan. If the trade did not move as forecast, and had the Arcelor Mittal share price decreased, with the spread dropping to €26.81 - €26.88, then you might choose to settle your position and prevent further losses by selling at €26.81.
- You initially bought the spread bet at €27.23
- Loss = (Settlement Level - Opening Level) x stake
- Loss = (€26.81 - €27.23) x £3 per cent stake
- Loss = -€0.42 x £3 per cent stake
- Loss = -42c x £3 per cent stake
- Loss = -£126 loss
Note that if you Roll a bet over to the following day you could incur a charge or income for every day that the trade is maintained. Further information can be found at: Rolling Daily Spread Betting Charges.
(Financial spread betting prices accurate as of 09-Dec-10)
2. Where can I Financial Spread Bet on Arcelor Mittal shares?
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| FTSE 250 Shares |
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| DAX 30 Shares |
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| CAC 40 Shares |
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| Irish Shares |
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The above spread betting markets may also be available with other companies. Also see Comparison Table Notes.
3. Where can I find real-time spread betting prices for Arcelor Mittal shares?
All of the above companies provide access to real-time prices to their account holders.
Note that you may need to log into your account in order to see live spread betting prices for Arcelor Mittal shares.
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4. Where can I find candlestick charts for Arcelor Mittal shares?
A number of the spread betting companies offer a variety of charts, including candlestick charts. Note that you may need to open an account with the respective company in order to see the charts and/or have full access to real-time charts that you can manipulate. Spread betting accounts are subject to status, terms and conditions.
Candlestick charts are currently available with:
Charts may also be available from other spread betting companies.
Example charts from Financial Spreads:
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Financial Spreads
Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, Forex, Commodities, Shares and more. For details see Financial Spreads.
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"Spread Bet on Arcelor Mittal" last update by R Thomas, 25-Apr-2012
Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.
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