Compare Spread Betting Companies
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The Spread Betting Comparison Chart gives insight into the various providers according to the value added services they bring their clients.
Be it market updates, iPhone App's, customers support, technical tools - they judge the providers according to the effort they have put into their offerings. |
| Standard Chartered upgraded ahead of reporting day |
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| Written by Sam Coventry | |
| Monday, 02 August 2010 14:36 | |
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Wednesday will see Standard Chartered report back to the market. Consensus is for £2bn worth of profits.
Nomura have set their target share price on Standard Chartered at 1990, that is 8.03% higher than at this morning's opening price of 1842. On Wednesday Standard Chartered will report back to the market. City AM reports that analysts have pencilled in a £2bn profit for the first half of 2010. This compares to last years first year profit of 1.9bn. Standard Chartered managed to escape the worst of the credit crisis as it maintains a largel Asian / African focused business model which differentiates itself from local giants such as Lloyds Baking Group and RBS. Hence to notch up strong share price gains in the near term the bank must exceed expectations, just as HSBC Holdings did earlier today. HSBC was expected to make £55bn profit, instead the bank increased its profits to £7bn for the first half. The result is a strong lurch towards risk assets with equities rising alongside currencies such as the pound. FTSE 100 performers
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| Last Updated on Monday, 02 August 2010 14:38 |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.