Spread Betting on the Goldman Sachs Share Price (GS)

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Where Can I Spread Bet on Goldman Sachs?

A FinancialSpreads account offers clients a wide range of shares like Goldman Sachs, Burberry, PepsiCo and Societe Generale, along with a host of other international equities.

Where Can I Access Live Prices for the Goldman Sachs Market?

FinancialSpreads.com offers investors live prices on over 1,000 spread trading and CFD markets including Goldman Sachs and a large range of other stocks, commodities, stock markets and forex prices.

Where Can I Get Live Goldman Sachs Charts?

With a FinancialSpreads account you have access to live candlestick charts for Goldman Sachs and more than 1,000 other CFD and financial spread betting markets.

To aid your technical analysis, the charts have a large variety of features:
Example share trading chart:

Shares Spread Betting Charts



How to Spread Bet on Goldman Sachs

Let's say that you log on to the FinancialSpreads site and the live price is:

  Goldman Sachs Rolling Cash Sell

18880.0
Buy

18903.0


Here is a brief guide to how the market works:

Spread Trading MarketGoldman Sachs Rolling Cash
The Spread Betting Price18880.0¢ - 18903.0¢
This MeansYou can take a position on the Goldman Sachs Rolling Cash market to go:

  Spread Betting Higher than 18903.0¢, or
  Spread Betting Lower than 18880.0¢

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

Note that if a trade rolls over then you will either receive or pay interest for overnight financing depending on whether you are betting on the market to fall or rise. For additional details see Rolling Spread Betting.
Trading UnitsBets on the Goldman Sachs market are made in £x per cent price movement.

E.g. if Goldman Sachs moves 35.0¢ then you would win/lose 35 multiples of your stake.
Stake SizeYou choose how much you would like to stake per cent, e.g. £1 per cent, £5 per cent, £20 per cent etc.
Simplified Trading ExampleIf your stake was £3 per cent and Goldman Sachs moves by 28.0¢, you would lose/win £3 per cent x 28.0¢ = £84.


Worked Example - Buying Goldman Sachs

Spread betting on the US share to move higher

You Now Choose Whether to Go Long or Short Goldman Sachs moving:

  Spread Betting Higher than 18903.0¢? or
  Spread Betting Lower than 18880.0¢?

Let's Assume You Go Long   Spread Betting Higher than 18903.0¢
You Select How Much to Risk, Let's Assume You Opt For £2 per cent
So What Happens Next?
  • You will make £2 for every cent Goldman Sachs goes higher than 18903.0¢
  • You will make a loss of £2 for each cent Goldman Sachs falls lower than 18903.0¢
If You Go Long With a Spread Bet Your P&L = (Final Price - Initial Price) x stake
 
Trading Situation 1
Goldman Sachs rises and the spread betting market is revised and changes to 18978.6¢ - 19001.6¢. Therefore you'd see:   18978.6   19001.6
Time to Lock in a Profit? You can choose to keep your trade open or close it, i.e. close your spread bet for a profit. In this instance you choose to close your bet by selling the market at 18978.6¢.
Your P&L = (Final Price - Initial Price) x stake
(18978.6¢ - 18903.0¢) x £2 per cent
75.6¢ x £2 per cent
Your P&L = £151.20 profit
 
Trading Situation 2
Goldman Sachs pushes lower and the market is revised to 18836.8¢ - 18859.8¢:   18836.8   18859.8
Close and Restrict Your Loss? You could choose to leave your position open or close it, i.e. close your spread bet and limit your loss. In this case you decide to settle your trade and sell at 18836.8¢.
Your P&L = (Final Price - Initial Price) x stake
(18836.8¢ - 18903.0¢) x £2 per cent
-66.2¢ x £2 per cent
Your P&L = -£132.40 loss


Worked Trading Example - Selling Goldman Sachs

Financial spread trading on the US share to go down

You Select Whether to Buy or Sell Goldman Sachs to move:

  Spread Betting Higher than 18903.0¢? or
  Spread Betting Lower than 18880.0¢?

You Might Choose to Go Short   Spread Betting Lower than 18880.0¢
You Select Your Stake Size, Let's Say You Select £1 per cent
Now What Happens?
  • You will make a loss of £1 for each cent Goldman Sachs rises above 18880.0¢
  • You will make £1 for each cent Goldman Sachs decreases lower than 18880.0¢
If You Sell a Market Your P&L = (Initial Price - Final Price) x stake
 
Trading Situation 3
Goldman Sachs drops and the spread betting market is adjusted to 18743.7¢ - 18766.7¢. Therefore Financial Spreads would show:   18743.7   18766.7
Time to Take Your Profit? You can decide to leave your spread bet open or close it, i.e. close your position to lock in a profit. For this example, you opt to close your trade and buy at 18766.7¢.
Your P&L = (Initial Price - Final Price) x stake
(18880.0¢ - 18766.7¢) x £1 per cent
113.3¢ x £1 per cent
Your P&L = £113.30 profit
 
Trading Situation 4
Goldman Sachs pushes higher and the financial spread betting market is revised and moved to 18956.1¢ - 18979.1¢. Therefore you would see:   18956.1   18979.1
Close and Restrict the Loss?At this point, you could opt to keep your spread bet open or close it in order to restrict your loss. For this example, you opt to settle your trade and buy the market at 18979.1¢.
Your P&L = (Initial Price - Final Price) x stake
(18880.0¢ - 18979.1¢) x £1 per cent
-99.1¢ x £1 per cent
Your P&L = -£99.10 loss

Where Can I Practice Financial Spread Betting on Goldman Sachs?

FinancialSpreads provides you with the chance to test new trading ideas and theories by using a free Demo Account, practise markets include Goldman Sachs.

The Demo Account doesn't just cover a handful of markets; investors are also able to get trading experience using a range of foreign exchange rates, commodities, stocks and shares and indices.

Open a Free Spread Betting and CFDs Demo Account


More on Goldman Sachs Group Inc. (GS)



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



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