Where Can I Spread Bet on Bank of America?
Financial Spreads offers an array of equities including Bank of America, BP, Wal-Mart and Deutsche Bank, along with a selection of other UK, American and global equities.
Where Can I Access Live Prices for the Bank of America Market?
With a Financial Spreads account clients are able to speculate on over 1,000 real time prices such as Bank of America and a range of other stocks,
commodities, stock market indices and FX markets.
Where Can I Get Live Bank of America Charts?
When trading with FinancialSpreads you have access to real time candlestick charts for Bank of America and more than 1,000 other markets.
To aid your analysis, the charts have a large range of advanced functions:
- Technical indicators and chart overlays - Exponential Moving Average, TRIX, True Range etc.
- A broad range of time periods - 30 minutes, 4 hours, 1 day etc.
- Drawing tools - Andrew's pitchfork, Fibonacci retracements and trendlines
Sample shares chart:
Financial Spread Betting on Bank of America
For example, let's say that you log on to Financial Spreads and see:
| Bank of America Rolling Cash |
Sell
1645.0 |
|
Buy
1650.0 |
|
Here's a guide to how it works:
| The Spread Betting Market | Bank of America Rolling Cash |
| The Spread Betting Quote | 1645.0¢ - 1650.0¢ |
| How the Spread Works | Now you can bet on the Bank of America Rolling Cash market moving:
 Above 1650.0¢, or
 Below 1645.0¢
This is a Rolling market and so there is no final closing date for this spread bet. If you don't close your trade and the session ends then your position will roll over into the next session.
If a trade does roll over then you will either be credited or debited for overnight financing based upon whether you are betting on the market to fall or rise. To learn more see Rolling Spread Bets. |
| Units Traded | Spread betting trades on the Bank of America market are made in £x per cent price movement.
E.g. if Bank of America moves 30.0¢ then you would lose / win 30 times your stake. |
| Stake (Trade Size) | You choose how much you would like to stake per cent, e.g. £2 per cent, £8 per cent, £15 per cent etc. |
| Quick Example | As an example, if you had a stake of £4 per cent and Bank of America moves by 27.0¢, you would win or lose £4 per cent x 27.0¢ = £108. |
Trading Example - Taking a Bullish View of Bank of America
Financial spread betting on the US share to go up
| You Consider Whether to Go Long or Short |
Bank of America going:
Above 1650.0¢? or
Below 1645.0¢?
|
| You Might Decide to Buy |
Above 1650.0¢
|
| You Decide Your Stake, Let's Say You Opt For | £5 per cent |
| What Next? |
- You make £5 for every cent Bank of America moves higher than 1650.0¢
- You will make a loss of £5 for each cent Bank of America decreases below 1650.0¢
|
| When Speculating on a Market to Go Up Your Profits/Losses = | (Closing Price - Opening Price) x stake |
| | |
| Situation 1 |
| Bank of America rises and the spread betting market changes to 1688.0¢ - 1693.0¢: |
|
1688.0 |
|
1693.0 |
|
| Time to Take Your Profit? | You may decide to leave your bet open or close it, i.e. close your position for a profit. In this case you decide to close your position by selling at 1688.0¢. |
| Your Profits/Losses = | (Closing Price - Opening Price) x stake |
| (1688.0¢ - 1650.0¢) x £5 per cent |
| 38.0¢ x £5 per cent |
| Your Profits/Losses = | £190.00 profit |
| | |
| Situation 2 |
| Bank of America moves lower and the market is revised and is set at 1614.5¢ - 1619.5¢, therefore you'd see this on Financial Spreads: |
|
1614.5 |
|
1619.5 |
|
| Time to Limit Your Loss? | You may opt to leave your trade open or close it, i.e. close your trade to restrict your loss. For this example, you decide to close your trade and sell the market at 1614.5¢. |
| Your Profits/Losses = | (Closing Price - Opening Price) x stake |
| (1614.5¢ - 1650.0¢) x £5 per cent |
| -35.5¢ x £5 per cent |
| Your Profits/Losses = | -£177.50 loss |
Spread Betting Example - Selling Bank of America
Spread betting on the US share to go down
| You Decide to Go Long or Short |
Bank of America to move:
Above 1650.0¢? or
Below 1645.0¢?
|
| Let's Say You Decide to Go Short |
Below 1645.0¢ |
| You Select Your Stake Size, Selecting | £3 per cent |
| What Happens Now? |
- You will make a loss of £3 for each cent Bank of America increases above 1645.0¢
- You make £3 for each cent Bank of America pushes below 1645.0¢
|
| If You Are Spread Betting on a Market to Go Down Your Profits/Losses = | (Opening Price - Closing Price) x stake |
| | |
| Situation 3 |
| Bank of America drops and the spread trading market is adjusted to 1587.0¢ - 1592.0¢. I.e. the market moves to: |
|
1587.0 |
|
1592.0 |
|
| Time to Take a Profit? | At this point, you may choose to keep your position open or close it, i.e. close your trade to lock in your profit. For this example, you opt to settle your position and buy the market at 1592.0¢. |
| Your Profits/Losses = | (Opening Price - Closing Price) x stake |
| (1645.0¢ - 1592.0¢) x £3 per cent |
| 53.0¢ x £3 per cent |
| Your Profits/Losses = | £159.00 profit |
| | |
| Situation 4 |
| Bank of America climbs and the financial spread betting market adjusts and moves to 1689.5¢ - 1694.5¢, i.e. |
|
1689.5 |
|
1694.5 |
|
| Time to Restrict Your Loss? | At this point, you could decide to keep your spread bet open or close it in order to limit your losses. For this example, you choose to settle your bet by buying the market at 1694.5¢. |
| Your Profits/Losses = | (Opening Price - Closing Price) x stake |
| (1645.0¢ - 1694.5¢) x £3 per cent |
| -49.5¢ x £3 per cent |
| Your Profits/Losses = | -£148.50 loss |
- Bank of America market information: example pricing as per FinancialSpreads.com on 17 February 2015
- Investors could also choose to trade on Bank of America in euros per cent and US dollars per cent
Where Can I Practice Financial Spread Betting on Bank of America?
FinancialSpreads offers a free Practice Account which means investors can try out trading ideas, check the charts, practice with trading orders and practice trading on spread trading and CFD markets like Bank of America.
The Demo Account has a range of markets like FX pairs, commodities, stocks and index markets.
Open a Spread Betting / CFD Trading Demo Account
More on Bank of America Corp (BAC)
The ticker code for Bank of America is 'BAC', for more news and data on the American firm, also see:
Financial Spreads is not responsible for the content of external / third party websites.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
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Bank of America Spread Betting" » Guide to spread betting on the Bank of America share price, getting real-time BAC share prices and charts, how to spread bet on the BoA stock to rise/fall as well as...»
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