Spread Betting on Goldman Sachs

Where to Spread Bet on Goldman Sachs

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Goldman Sachs Spread Betting Prices and Charts

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How to Spread Trade Goldman Sachs

The Spread Trading Market	Goldman Sachs Rolling Daily
Spread	$103.35 - $103.55
This Means	Now you can speculate on the Goldman Sachs Rolling Daily market to push:   Above $103.55, or   Below $103.35 This is a 'Rolling Daily' trade and so there is no expiry date. If you don't close your position and the session ends then your position will roll over to the next session. If a trade does roll over then you will either receive or be charged a small fee for overnight financing based on whether you are speculating on the market to move higher or lower. For additional details also see Rolling Spread Betting.
Units Traded	Spread trades on the Goldman Sachs market are priced in £x per cent. Where a cent is $0.01 of the equity's price movement. E.g. if Goldman Sachs moves 35¢ ($0.35) then you would win/lose 35 times your stake.
Trade Size	You work out how much you are going to trade per cent, e.g. £1 per cent, £4 per cent, £8 per cent etc.
Quick Example	For example, if you chose a stake of £5 per cent and Goldman Sachs changes by $0.21 (21¢), you would win or lose £5 per cent x 21¢ = £105.

Worked Spread Trading Example | Taking a Long Position on Goldman Sachs

You Decide Whether to Buy or Sell	Goldman Sachs to go:   Above $103.55? or   Below $103.35?
Let’s Assume You Choose to Buy	Above $103.55
You Select Your Stake Size, Let's Say You Choose	£2 per cent
What Now?	You make a profit of £2 for each cent ($0.01) Goldman Sachs pushes above $103.55 You make a loss of £2 for every cent ($0.01) Goldman Sachs goes below $103.55
If You Are Speculating on a Market to Rise Your P/L =	(Closing Level - Initial Level) x stake per cent
Trading Example 1	Goldman Sachs pushes higher and the market is revised and set at $104.07 - $104.27.
Time to Lock in Your Profit?	You may choose to leave your trade open or close it and lock in your profit. In this case you choose to settle your trade by selling at $104.07.
Your P/L =	(Closing Level - Initial Level) x stake per cent
	($104.07 - $103.55) x £2 per cent
	$0.52 x £2 per cent
	52¢ x £2 per cent
Your P/L =	£104 profit
Trading Example 2	Goldman Sachs goes lower and the spread trading market is adjusted to $102.95 - $103.15.
Time to Limit the Loss?	You could decide to keep your position open or close it and limit your loss. In this case you opt to close your position by selling the market at $102.95.
Your P/L =	(Closing Level - Initial Level) x stake per cent
	($102.95 - $103.55) x £2 per cent
	-$0.60 x £2 per cent
	-60¢ x £2 per cent
Your P/L =	-£120 loss

Spread Trading Example | Taking a Bearish View of Goldman Sachs

You Now Choose Whether to Buy or Sell	Goldman Sachs going:   Above $103.55? or   Below $103.35?
Let's Say You Go Short	Below $103.35
You Select How Much to Risk, Let's Assume You Opt For	£1 per cent
So What Next?	You make a loss of £1 for every cent ($0.01) Goldman Sachs rises above $103.35 You make a profit of £1 for every cent ($0.01) Goldman Sachs pushes below $103.35
When Spread Betting on a Market to Decrease Your P/L =	(Initial Level - Closing Level) x stake per cent
Trading Example 3	Goldman Sachs decreases and the financial spread betting market becomes $102.32 - $102.52.
Time to Lock in a Profit?	You could decide to leave your bet open or close it and take your profit. In this case you decide to settle your bet and buy the market at $102.52.
Your P/L =	(Initial Level - Closing Level) x stake per cent
	($103.35 - $102.52) x £1 per cent
	$0.83 x £1 per cent
	83¢ x £1 per cent
Your P/L =	£83 profit
Trading Example 4	Goldman Sachs moves higher and the spread betting market is moved to $104.10 - $104.30.
Time to Restrict the Loss?	At this point, you could choose to let your bet run or close it, i.e. close your spread bet and restrict your loss. For this example, you opt to close your position by buying at $104.30.
Your P/L =	(Initial Level - Closing Level) x stake per cent
	($103.35 - $104.30) x £1 per cent
	-$0.95 x £1 per cent
	-95¢ x £1 per cent
Your P/L =	-£95 loss

Goldman Sachs Notes:

• Price taken from the Financial Spreads platform: 9 November 2011
  
  
• Many spread betting firms also give you the option of spread trading on Goldman Sachs in euros/cent and US dollars/cent
  
  
• With financial spread betting you can also take positions on a large range of other markets, for more details please also read:
  
  
  • Stock Market Indices
  • Spread Trading on Foreign Exchange
  • Commodity Spread Betting

Demo Accounts for Spread Betting on Goldman Sachs

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Spread Betting on Shares