Spread Betting on Glencore

Where to Spread Bet on Glencore

Shares
FTSE 100 shares (spread size)	0.10%	0.10%	0.10%	0.10%	0.16%	0.10%	0.10%
FTSE 100 shares (min stake)	£1	£1	£1	£1	£0.50	£0.50	£1
Shares (more available)

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Financial Spread Betting on Glencore

Spread Trading Market:	Glencore Rolling Daily
Spread Betting Price:	399.7p - 400.4p
This Means That:	You can take a position on the Glencore Rolling Daily market moving:   Above 400.4p, or   Below 399.7p This is a 'Rolling Daily' spread betting market which means that there is no settlement date. If you decide not to close your trade and the session ends then your position will roll over to the next trading session. Note that if a trade is rolled over then you will normally either receive or be charged interest for overnight financing based on whether you are speculating on the market to decrease or increase. For additional details see Rolling Spread Bets.
Units Traded:	Trades on the Glencore market are made in £x per penny. Where a penny is 1p of the UK share's price movement. E.g. if Glencore moves 45p then you would lose or gain 45 multiples of your stake.
Stake (Trade Size):	You work out how much you want to trade per penny, e.g. £1 per penny, £4 per penny, £10 per penny etc.
Staking Example:	If, as an example, you went with a stake of £4 per penny and Glencore changes by 31p, you would lose/win £4 per penny x 31p = £124.

Fully Worked Spread Betting Example | Going Long of Glencore

You Choose Whether to Buy or Sell:	Glencore to go:   Above 400.4p? or   Below 399.7p?
Let’s Assume You Choose to Go Long:	Above 400.4p
You Choose How Much to Risk, Choosing:	£10 per penny
So What Happens Now?	You make a profit of £10 for every penny Glencore pushes higher than 400.4p You make a loss of £10 for each penny Glencore pushes below 400.4p
When Buying a Market Your Profits/Losses =	(Closing Price - Opening Price) x stake per penny
Situation 1	Glencore rises and the shares spread betting is revised to 411.4p - 412.1p.
Lock in a Profit?	You can decide to let your bet run or close it, i.e. close your trade to lock in a profit. For this example, you opt to close your bet by selling the market at 411.4p.
Your Profits/Losses =	(Closing Price - Opening Price) x stake per penny
	(411.4p - 400.4p) x £10 per penny
	11.0p x £10 per penny
Your Profits/Losses =	£110.00 profit
Situation 2	Glencore drops and the financial spread betting market is adjusted and moved to 391.0p - 391.7p.
Limit Your Loss?	You can decide to leave your trade open or close it, i.e. close your position and restrict your loss. In this example you opt to settle your trade and sell at 391.0p.
Your Profits/Losses =	(Closing Price - Opening Price) x stake per penny
	(391.0p - 400.4p) x £10 per penny
	-9.4p x £10 per penny
Your Profits/Losses =	-£94.00 loss

Worked Trading Example | Taking a Short Position on Glencore

You Now Decide to Buy or Sell:	Glencore to move:   Above 400.4p? or   Below 399.7p?
You Might Choose to Sell:	Below 399.7p
You Decide Your Stake Size, Let's Assume You Choose:	£5 per penny
So What Next?	You make a loss of £5 for each penny Glencore increases higher than 399.7p You make a profit of £5 for each penny Glencore pushes lower than 399.7p
If You Are Selling a Market Your Profits/Losses =	(Opening Price - Closing Price) x stake per penny
Situation 3	Glencore falls and the market is revised and is set at 382.5p - 383.2p.
Close and Take a Profit?	At this point, you can decide to leave your trade open or close it, i.e. close your trade for a profit. In this instance you opt to settle your trade by buying the market at 383.2p.
Your Profits/Losses =	(Opening Price - Closing Price) x stake per penny
	(399.7p - 383.2p) x £5 per penny
	16.5p x £5 per penny
Your Profits/Losses =	£82.50 profit
Situation 4	Glencore goes higher and the spread trading market changes to 413.1p - 413.8p.
Time to Restrict the Loss?	You may choose to leave your bet open or close it in order to limit your loss. In this instance you opt to close your bet by buying at 413.8p.
Your Profits/Losses =	(Opening Price - Closing Price) x stake per penny
	(399.7p - 413.8p) x £5 per penny
	-14.1p x £5 per penny
Your Profits/Losses =	-£70.50 loss

Glencore Notes:

• Financial spread betting price as per FinancialSpreads.com, 7 December 2011
  
  
• Most spread betting companies also give you the option of spread betting on Glencore in euros/penny and dollars/penny
  
  
• In addition, online spread betting also allows you to take positions on a wide range of other financial markets, for more information please read:
  
  
  • Spread Trading on Indices
  • FX Financial Spread Betting
  • Commodities Spread Trading

Demo Accounts for Spread Betting on Glencore

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Spread Betting on Shares