Spread Betting Answers:
1. How to Spread Bet on Goldman Sachs shares?
At the moment, the price of the Goldman Sachs Rolling Daily market is $165.96 - $166.15 with Financial Spreads.
Like the majority of leading equities listed on the stock exchanges like the LSE and the NYSE, you can speculate on the Goldman Sachs shares to rise or fall in value. With the Goldman Sachs Rolling Daily market, investors can spread bet on:
a) Goldman Sachs shares to increase above $166.15, or
b) Goldman Sachs shares to decrease below $165.96.
It should be noted that with the Goldman Sachs market you trade in £X per cent, where a cent is 1¢ of Goldman Sachs share movement. As a result, if you had a stake of £2 per cent and the Goldman Sachs shares move 4¢ then that would result in a difference to your bottom line of £8.
Goldman Sachs Shares Spread Betting Example
As a quick example, let’s say you see the real time price on an online spread trading website that shows the spread of $165.96 - $166.15. So, having done your analysis, you come to feel that the Goldman Sachs share price is going to go higher than $166.15. As a result:
- You believe that the Goldman Sachs shares should rise
- Therefore, you decide you want to ‘buy’ the market at $166.15 and invest £1 per cent
- The market rises and the spread changes to $167.48 - $167.67
- With the new spread you could choose to take your profit and close your bet. To do this you would sell at $167.48
- Buy price = $166.15
- Profit = (Closing Level - Opening Level) x stake
- Profit = ($167.48 - $166.15) x £1 per cent stake
- Profit = $1.33 x £1 per cent stake
- Profit = 133¢ x £1 per cent stake
- Profit = £133 profit
Investments don’t always go to plan. If the trade did not work as forecast, and had the Goldman Sachs share price decreased, with the market decreasing to $164.90 - $165.09, then you may choose to close your position and stop any more losses. You would do this by selling at $164.90.
- Initial price you bought the spread bet at: $166.15
- Loss = (Closing Level - Opening Level) x stake
- Loss = ($164.90 - $166.15) x £1 per cent stake
- Loss = -$1.25 x £1 per cent stake
- Loss = -125¢ x £1 per cent stake
- Loss = -£125 loss
Please note that with a Rolling Daily Financial Spread Bet if you Roll a bet over to the next day you may incur a charge or income for each day that the trade is maintained. For more details please read: Rolling Daily Spread Betting Charges.
(Spread betting prices quoted as of 15-Dec-09)
2. Where can I Financial Spread Bet on Goldman Sachs shares?
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| FTSE 100 Shares |
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| FTSE 250 Shares |
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| Wall Street Shares |
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| S&P 500 Shares |
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| Nasdaq 100 Shares |
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| DAX 30 Shares |
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| CAC 40 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 Goldman Sachs 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 Goldman Sachs shares.
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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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4. Where can I find candlestick charts for Goldman Sachs 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:
Advert
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 Goldman Sachs" last update by R Thomas, 22-May-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.
Similar articles:
Spread Bet on Goldman Sachs - last update: 22-May-2012
How and where to spread bet on Goldman Sachs shares. Also where to find Goldman Sachs charts for . . . read more - Spread Bet on Goldman Sachs.
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