Spread Betting on GlaxoSmithKline Shares (GSK.L)

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Where Can I Spread Bet on GSK?

FinancialSpreads.com provides clients with a variety of stocks including GlaxoSmithKline, Unilever, AT&T and Siemens, plus a selection of other UK, US and international shares.

Where Can I Access Live Prices for the GSK Market?

FinancialSpreads.com provides clients with live pricing on over 1,000 CFD and spread betting markets including GSK and a variety of other stocks, indices, foreign exchange and commodities markets.

Where Can I Get Live GSK Charts?

When trading with a FinancialSpreads account investors can use up-to-the-minute trading charts for GlaxoSmithKline and more than a thousand other CFD and spread betting markets.

To aid your technical analysis, the charting package comes with an array of advanced functions including:
Example Financial Spreads equity chart:

Shares Spread Betting Charts



How to Financial Spread Bet on GlaxoSmithKline

Let's say that you log on to Financial Spreads and see:

  GlaxoSmithKline Rolling Cash Sell

1552.4
Buy

1555.1


Here's a brief example of how it works.

Spread Trading MarketGlaxoSmithKline Rolling Cash
Spread Betting Quote1552.4p - 1555.1p
This Means ThatYou can speculate on the GlaxoSmithKline Rolling Cash market to move:

  Spread Betting Above 1555.1p, or
  Spread Betting Below 1552.4p

This is a Rolling trade and so there is no expiry date for this trade. If you don't close your trade and the trading session ends then your trade will roll over into the next session.

Note: if a trade does roll over then you will normally either pay or receive a small fee for overnight financing based on whether you are speculating on the market to move lower or higher. For further details see Rolling Spread Bets.
Traded UnitsSpread trades on the GlaxoSmithKline market are priced in £x per penny price movement.

E.g. if GlaxoSmithKline moves 35p then you would lose or gain 35 times your stake.
Trade SizeYou choose how much you are going to risk per penny, e.g. £3 per penny, £5 per penny, £10 per penny etc.
Brief ExampleWith that in mind, if you decided on a stake of £3 per penny and GlaxoSmithKline changes by 30p, you would win / lose £3 per penny x 30p = £90.


Worked Example - Buying GlaxoSmithKline

Financial spread betting on the UK share to move higher

You Work Out Whether to Go Long or Short GlaxoSmithKline going:

  Spread Betting Above 1555.1p? or
  Spread Betting Below 1552.4p?

Let's Say You Want to Buy   Spread Betting Above 1555.1p
You Select How Much to Risk, Let's Say You Choose £2 per penny
So Now What?
  • You gain £2 for each penny GlaxoSmithKline goes above 1555.1p
  • You lose £2 for every penny GlaxoSmithKline pushes lower than 1555.1p
When Betting on a Market to Go Up Your Trading Profits (or Losses) = (Settlement Price - Opening Price) x stake
 
Situation 1
GlaxoSmithKline pushes higher and the spread betting market is revised to 1601.8p - 1604.5p. Therefore you'd see:   1601.8   1604.5
Time to Lock in Your Profit? At this point, you could choose to leave your position open or close it, i.e. close your spread bet to lock in your profit. For this example, you opt to close your bet by selling the market at 1601.8p.
Your Trading Profits (or Losses) = (Settlement Price - Opening Price) x stake
(1601.8p - 1555.1p) x £2 per penny
46.7p x £2 per penny
Your Trading Profits (or Losses) = £93.40 profit
 
Situation 2
GSK slips and the market is moved to 1500.7p - 1503.4p. Therefore you would see this on Financial Spreads:   1500.7   1503.4
Close and Restrict Your Loss? At this point, you can opt to leave your position open or close it in order to restrict your loss. In this example you decide to close your bet and sell at 1500.7p.
Your Trading Profits (or Losses) = (Settlement Price - Opening Price) x stake
(1500.7p - 1555.1p) x £2 per penny
-54.4p x £2 per penny
Your Trading Profits (or Losses) = -£108.80 loss


Worked Trading Example - Taking a Bearish View of GlaxoSmithKline

Spread betting on the UK share to fall in value

You Select Whether to Buy or Sell GlaxoSmithKline to go:

  Spread Betting Above 1555.1p? or
  Spread Betting Below 1552.4p?

Let's Say You Decide to Sell   Spread Betting Below 1552.4p
You Choose Your Stake Size, Let's Assume You Choose £3 per penny
So What Next?
  • You lose £3 for every penny GlaxoSmithKline rises higher than 1552.4p
  • You gain £3 for every penny GlaxoSmithKline goes lower than 1552.4p
When Going Short of a Market Your Trading Profits (or Losses) = (Opening Price - Settlement Price) x stake
 
Situation 3
GlaxoSmithKline moves lower and the financial spread betting market is adjusted to 1507.8p - 1510.5p, i.e. on Financial Spreads you'd see:   1507.8   1510.5
Time to Take Your Profit? At this point, you could choose to keep your trade open or close it, i.e. close your position to lock in your profit. In this case you opt to close your bet and buy the market at 1510.5p.
Your Trading Profits (or Losses) = (Opening Price - Settlement Price) x stake
(1552.4p - 1510.5p) x £3 per penny
41.9p x £3 per penny
Your Trading Profits (or Losses) = £125.70 profit
 
Situation 4
GlaxoSmithKline increases and the spread trading market adjusts and moves to 1598.6p - 1601.3p. Therefore Financial Spreads would show:   1598.6   1601.3
Time to Restrict Your Loss?You could choose to leave your position open or close it, i.e. close your trade and limit your losses. In this case you choose to close your bet by buying the market at 1601.3p.
Your Trading Profits (or Losses) = (Opening Price - Settlement Price) x stake
(1552.4p - 1601.3p) x £3 per penny
-48.9p x £3 per penny
Your Trading Profits (or Losses) = -£146.70 loss

Where Can I Practice Financial Spread Betting on GSK?

FinancialSpreads gives traders the ability to test new ideas and theories by using a free Demo Account on CFD and spread trading markets like GlaxoSmithKline.

The Demo Account comes with a wide variety of markets like forex rates, stocks, commodities and index markets.


More on GlaxoSmithKline plc (GSK)



A common ticker code for GSK is 'GSK' however 'GSK.L' and 'LON:GSK' 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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