Spread Betting on the Exxon Share Price (XOM)

Support: +44 (0) 203 301 0483 | support@financialspreads.com
Financial Spreads: Spread Betting and CFD Trading

Losses can exceed deposits

Where Can I Spread Bet on Exxon Mobil?

FinancialSpreads.com provides clients with a wide array of shares spread betting and CFD markets like Exxon Mobil, RBS, Johnson & Johnson and Allianz, plus a selection of other UK, US and international stocks.

Where Can I Access Live Prices for the Exxon Mobil Market?

With a Financial Spreads account investors are able to take a view on more than 1,000 real time CFD trading and spread betting prices including Exxon Mobil and a large variety of other equities, indices, FX and commodities markets.

Where Can I Get Live Exxon Mobil Charts?

Using a Financial Spreads account clients can access up-to-the-minute trading charts for Exxon Mobil and more than a thousand other spread trading and CFD markets.

Along with the various chart types, the package also has a range of advanced options:
Example share spread betting chart:

Shares Spread Betting Charts



A Guide to Spread Betting on Exxon Mobil

For example, let's say you log on to the Financial Spreads website and are presented with something like:

  Exxon Mobil Rolling Cash Sell

9237.0
Buy

9244.0


Here is a brief guide to how it works...

The Spread Betting MarketExxon Mobil Rolling Cash
The Spread Betting Price9237.0¢ - 9244.0¢
How the Spread WorksNow you can spread bet on the Exxon Mobil Rolling Cash market to go:

  Spread Betting Higher than 9244.0¢, or
  Spread Betting Lower than 9237.0¢

This is a 'Rolling' market and so there is no closing date for this spread bet. If you haven't closed your position and the trading session ends then your trade will automatically roll over to the next session.

Note that if the trade is rolled over then you will normally either have to pay or receive interest for overnight financing depending upon the direction of your bet. For further information see Rolling Spread Betting.
Trading UnitsBets on the Exxon Mobil market are priced in £x per cent price movement.

E.g. if Exxon Mobil changes by 30.0¢ then you would lose or gain 30 times your stake.
Stake Size per UnitYou decide how much you want to stake per cent, e.g. £2 per cent, £5 per cent, £15 per cent etc.
Brief Staking ExampleWith that in mind, if your stake is £4 per cent and Exxon Mobil moves by 23.0¢, you would lose / win £4 per cent x 23.0¢ = £92.


Spread Betting Example - Taking a Long Position on Exxon Mobil

Financial spread trading on the US equity to move up

You Now Choose Whether to Go Long or Short Exxon Mobil to push:

  Spread Betting Higher than 9244.0¢? or
  Spread Betting Lower than 9237.0¢?

You Might Decide to Go Long   Spread Betting Higher than 9244.0¢
You Choose Your Stake, Selecting £1 per cent
What Happens Now?
  • You will make a gain of £1 for every cent Exxon Mobil rises higher than 9244.0¢
  • You will lose £1 for each cent Exxon Mobil goes lower than 9244.0¢
When Speculating on a Market to Go Up Your P&L = (Closing Price - Opening Price) x stake
 
Trading Example 1
Exxon Mobil pushes higher and the market is revised and is set at 9350.3¢ - 9357.3¢, i.e. you would see:   9350.3   9357.3
Take a Profit? At this point, you may choose to keep your bet open or close it, i.e. close your trade for a profit. For this example, you opt to close your trade by selling the market at 9350.3¢.
Your P&L = (Closing Price - Opening Price) x stake
(9350.3¢ - 9244.0¢) x £1 per cent
106.3¢ x £1 per cent
Your P&L = £106.30 profit
 
Trading Example 2
Exxon Mobil drops and the spread trading market becomes 9131.7¢ - 9138.7¢:   9131.7   9138.7
Restrict Your Loss? At this point, you can choose to leave your bet open or close it in order to restrict your losses. In this example you opt to settle your bet and sell the market at 9131.7¢.
Your P&L = (Closing Price - Opening Price) x stake
(9131.7¢ - 9244.0¢) x £1 per cent
-112.3¢ x £1 per cent
Your P&L = -£112.30 loss


Spread Trading Example - Taking a Short Position on Exxon Mobil

Financial spread betting on the US equity to decrease in value

You Now Choose to Go Long or Short Exxon Mobil going:

  Spread Betting Higher than 9244.0¢? or
  Spread Betting Lower than 9237.0¢?

You Might Want to Go Short   Spread Betting Lower than 9237.0¢
You Select How Much to Risk, Choosing £2 per cent
What Next?
  • You will lose £2 for each cent Exxon Mobil increases higher than 9237.0¢
  • You will make a gain of £2 for each cent Exxon Mobil pushes lower than 9237.0¢
When You Sell a Spread Bet Your P&L = (Opening Price - Closing Price) x stake
 
Trading Example 3
Exxon Mobil decreases and the spread betting market moves to 9161.0¢ - 9168.0¢. So you would see this on Financial Spreads:   9161.0   9168.0
Lock in Your Profit? You could choose to leave your trade open or close it, i.e. close your position to lock in a profit. In this example you choose to close your trade by buying at 9168.0¢.
Your P&L = (Opening Price - Closing Price) x stake
(9237.0¢ - 9168.0¢) x £2 per cent
69.0¢ x £2 per cent
Your P&L = £138.00 profit
 
Trading Example 4
Exxon Mobil rises and the financial spread betting market is revised to 9302.9¢ - 9309.9¢, therefore you'd see:   9302.9   9309.9
Time to Restrict Your Loss?At this point, you could choose to leave your bet open or close it, i.e. close your trade to limit your loss. For this example, you choose to settle your trade and buy the market at 9309.9¢.
Your P&L = (Opening Price - Closing Price) x stake
(9237.0¢ - 9309.9¢) x £2 per cent
-72.9¢ x £2 per cent
Your P&L = -£145.80 loss

Where Can I Practice Financial Spread Betting on Exxon Mobil?

FinancialSpreads offers investors the option of trying trading theories by using a free Demo Account on CFD and spread trading markets like Exxon Mobil.

The Financial Spreads Demo Account has a range of markets including stocks, stock market indices, commodity markets and forex.

Open a Free Spread Betting and CFDs Demo Account


More on Exxon Mobil Corporation (XOM)



The ticker code for Exxon Mobil is 'XOM', for more news and data on the American firm, also see: Financial Spreads is not responsible for the content of external / third party websites.



Contact Customer Support

+44 (0) 203 301 0483
support@financialspreads.com

Also see: