CAC 40 Spread Betting

Where to Spread Bet on the CAC 40

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Spread Betting on the CAC 40

Spread Betting Market:	CAC 40 Rolling Daily
Price (Spread):	3072.0 - 3073.0
What This Means:	Now you can spread bet on the CAC 40 Rolling Daily market going:   Higher than 3073.0, or   Lower than 3072.0 This spread betting market is a 'Rolling Daily' market and so there is no settlement date for this trade. If you haven't closed your trade and the session ends then your position will roll over into the next trading session. Note that if a trade does roll over then you will either receive or pay a small fee for overnight financing depending on the direction of your trade. For more details see Rolling Spread Bets.
Trading Units:	Financial spread bets on the CAC 40 market are priced in £x per point. Where a point is 1 point of the index's price movement. E.g. if the CAC 40 moves by 45 points then you would win/lose 45 multiples of your stake.
Stake per Unit:	You work out how much you are going to stake per point, e.g. £1 per point, £5 per point, £8 per point etc.
Staking Example:	If, as an example, you had a stake of £4 per point and the CAC 40 moves 22 points, you would win / lose £4 per point x 22 points = £88.

Fully Worked Spread Trading Example | Taking a Bullish View of the CAC 40

You Select Whether to Buy or Sell:	The CAC 40 to move:   Higher than 3073.0? or   Lower than 3072.0?
Let’s Say You Buy:	Higher than 3073.0
You Decide Your Stake, Let's Say You Choose:	£2 per point
What Next?	You gain £2 for each point the CAC 40 goes higher than 3073.0 You lose £2 for every point the CAC 40 pushes below 3073.0
When Betting on a Market to Increase Your Trading P&L =	(Closing Price - Opening Price) x stake per point
Situation 1	The CAC 40 moves higher and the financial spread betting market becomes 3114.5 - 3115.5.
Time to Take Your Profit?	You may decide to let your spread bet run or close it, i.e. close your position to lock in a profit. In this example you opt to settle your bet and sell at 3114.5.
Your Trading P&L =	(Closing Price - Opening Price) x stake per point
	(3114.5 - 3073.0) x £2 per point
	41.5 points x £2 per point
Your Trading P&L =	£83.00 profit
Situation 2	The CAC 40 moves lower and the spread trading market is revised to 3025.4 - 3026.4.
Restrict Your Loss?	At this point, you may decide to keep your spread bet open or close it, i.e. close your position and restrict your losses. For this example, you decide to close your trade by selling at 3025.4.
Your Trading P&L =	(Closing Price - Opening Price) x stake per point
	(3025.4 - 3073.0) x £2 per point
	-47.6 points x £2 per point
Your Trading P&L =	-£95.20 loss

Worked Spread Trading Example | Going Short of the CAC 40

You Work Out Whether to Go Long or Short:	The CAC 40 moving:   Higher than 3073.0? or   Lower than 3072.0?
You Might Want to Sell:	Lower than 3072.0
You Select Your Stake Size, Selecting:	£3 per point
Now What?	You lose £3 for every point the CAC 40 moves above 3072.0 You gain £3 for every point the CAC 40 moves lower than 3072.0
If You Are Speculating on a Market to Go Down Your Trading P&L =	(Opening Price - Closing Price) x stake per point
Situation 3	The CAC 40 pushes lower and the spread betting market is moved to 3035.7 - 3036.7.
Take Your Profit?	At this point, you can choose to let your trade run or close it to take your profit. In this example you choose to settle your position by buying at 3036.7.
Your Trading P&L =	(Opening Price - Closing Price) x stake per point
	(3072.0 - 3036.7) x £3 per point
	35.3 points x £3 per point
Your Trading P&L =	£105.90 profit
Situation 4	The CAC 40 climbs and the market is revised and is set at 3111.5 - 3112.5.
Close and Limit the Loss?	At this point, you could opt to keep your spread bet open or close it, i.e. close your spread bet to restrict your losses. In this example you opt to close your trade and buy at 3112.5.
Your Trading P&L =	(Opening Price - Closing Price) x stake per point
	(3072.0 - 3112.5) x £3 per point
	-40.5 points x £3 per point
Your Trading P&L =	-£121.50 loss

CAC 40 Notes:

• Financial spread betting market price obtained from InterTrader: 9 November 2011
  
  
• Many spread betting companies will also allow you to spread bet on the CAC 40 in euros per point and US dollars per point
  
  
• With financial spread betting you can also speculate on a wide range of other assets, for more information see:
  
  
  • Indices Spread Trading
  • Financial Spread Betting on Forex
  • Financial Spread Betting on Commodities

Demo Accounts for Spread Betting on the CAC 40

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