Spread Betting on Glencore Xstrata Shares (GLEN)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Glencore?

FinancialSpreads provides investors with an array of shares such as Glencore Xstrata, GlaxoSmithKline, Procter & Gamble and Airbus, together with other global equities.

Where Can I Access Live Prices for the Glencore Market?

Financial Spreads provides real-time pricing on over a thousand CFD and spread betting markets including Glencore and a variety of other equities, currencies, commodities and indices prices.

Where Can I Get Live Glencore Charts?

With a Financial Spreads account you can access live candlestick charts for Glencore and over a thousand other spread betting and CFD markets.

As well as different display styles, the charting package comes with a wide array of features:
Sample share trading chart:

Shares Spread Betting Charts



A Guide to Spread Betting on Glencore

Let's assume you look at FinancialSpreads.com and the spread betting platform is showing a quote of:

  Glencore Rolling Cash Sell

286.60
Buy

287.05


This is a brief guide to how the market works...

The Spread Betting MarketGlencore Rolling Cash
The Quote286.60p - 287.05p
How the Spread WorksYou can trade on the Glencore Rolling Cash market going:

  Spread Betting Above 287.05p, or
  Spread Betting Below 286.60p

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

If a trade does roll over then you will either have to pay or receive interest for overnight financing depending upon whether you are betting on the market to increase or decrease. To learn more also see Rolling Spread Bets.
Units (Points) TradedSpread bets on the Glencore market are priced in £x per penny price movement.

E.g. if Glencore changes by 45p then you would win / lose 45 times your stake.
Trade SizeYou decide how much you would like to trade per penny, e.g. £2 per penny, £4 per penny, £10 per penny etc.
Brief ExampleFor example, if your stake is £4 per penny and Glencore moves by 34p, you would lose or win £4 per penny x 34p = £136.


Trading Example - Taking a Long Position on Glencore

Spread betting on the UK share to increase in value

You Now Choose to Buy or Sell Glencore to push:

  Spread Betting Above 287.05p? or
  Spread Betting Below 286.60p?

You Might Choose to Buy   Spread Betting Above 287.05p
You Select How Much to Risk, Let's Say You Choose £15 per penny
What Happens Next?
  • You will win £15 for each penny Glencore pushes higher than 287.05p
  • You lose £15 for every penny Glencore moves below 287.05p
If You Are Speculating on a Market to Go Up Your Profits/Losses = (Closing Price - Opening Price) x stake
 
Example 1
Glencore increases and the spread betting market is adjusted to 296.09p - 296.54p. I.e.   296.09   296.54
Lock in Your Profit? You may choose to leave your bet open or close it, i.e. close your position to lock in a profit. In this case you opt to settle your position and sell the market at 296.09p.
Your Profits/Losses = (Closing Price - Opening Price) x stake
(296.09p - 287.05p) x £15 per penny
9.04p x £15 per penny
Your Profits/Losses = £135.60 profit
 
Example 2
Glencore goes lower and the financial spread betting market is revised and set at 279.16p - 279.61p, so you would see this on Financial Spreads:   279.16   279.61
Limit Your Loss? You may decide to keep your position open or close it to limit your loss. For this example, you choose to settle your trade by selling the market at 279.16p.
Your Profits/Losses = (Closing Price - Opening Price) x stake
(279.16p - 287.05p) x £15 per penny
-7.89p x £15 per penny
Your Profits/Losses = -£118.35 loss


Worked Spread Betting Example - Selling Glencore

Financial spread trading on the UK share to fall in value

You Decide Whether to Buy or Sell Glencore to move:

  Spread Betting Above 287.05p? or
  Spread Betting Below 286.60p?

You Might Choose to Sell   Spread Betting Below 286.60p
You Choose Your Stake Size, Let's Say You Select £10 per penny
Now What?
  • You lose £10 for every penny Glencore moves above 286.60p
  • You will win £10 for every penny Glencore falls lower than 286.60p
If You Are Selling a Market Your Profits/Losses = (Opening Price - Closing Price) x stake
 
Example 3
Glencore slips and the market is moved to 274.87p - 275.32p, i.e. Financial Spreads would show:   274.87   275.32
Lock in a Profit? You may choose to keep your position open or close it for a profit. In this instance you choose to settle your bet by buying at 275.32p.
Your Profits/Losses = (Opening Price - Closing Price) x stake
(286.60p - 275.32p) x £10 per penny
11.28p x £10 per penny
Your Profits/Losses = £112.80 profit
 
Example 4
Glencore goes higher and the spread trading market is revised and changes to 296.00p - 296.45p:   296.00   296.45
Time to Limit Your Loss?You can decide to let your bet run or close it, i.e. close your spread bet and restrict your loss. In this instance you choose to settle your trade and buy the market at 296.45p.
Your Profits/Losses = (Opening Price - Closing Price) x stake
(286.60p - 296.45p) x £10 per penny
-9.85p x £10 per penny
Your Profits/Losses = -£98.50 loss

Where Can I Practice Financial Spread Betting on Glencore?

FinancialSpreads provides a free Practice Account that allows investors to access the candlestick charts, apply trading orders, practice spread betting and CFD trading and test new trading strategies on CFD and spread trading markets like Glencore.

The Financial Spreads Demo Account offers access to a wide selection of markets such as index markets, forex, commodity markets and shares.


More on Glencore Xstrata plc (GLEN)



A common ticker code for Glencore is 'GLEN' however 'GLEN.L' and 'LON:GLEN' are also used.

For more news and information on the UK firm, also see: Financial Spreads is not responsible for the content of external / third party websites.


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Also see:
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Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.