Spread Betting on Intertek Shares (ITRK)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Intertek?

Financial Spreads provides a wide array of equities CFD and spread trading markets including Intertek, Reckitt Benckiser, Wal-Mart and Telefonica, along with many other UK, American and global equities.

Where Can I Access Live Prices for the Intertek Market?

A FinancialSpreads account offers real-time pricing on over 1,000 CFD and spread betting markets including Intertek and a range of other stocks, stock markets, commodities and FX prices.

Where Can I Get Live Intertek Charts?

When trading with a Financial Spreads account clients are able to access real-time charts for Intertek and more than 1,000 other spread betting and CFD markets.

As well as the various display styles, the charting package also has a large variety of benefits including:
Example FinancialSpreads equity spread betting chart:

Shares Spread Betting Charts



A Guide to Spread Trading on Intertek

As an example, let's suppose you log on to FinancialSpreads.com and see the live quote is:

  Intertek Rolling Cash Sell

2594.2
Buy

2599.8


Here is a brief guide to how it works:

Spread Betting Market:Intertek Rolling Cash
The Spread Betting Quote:2594.2p - 2599.8p
How the Spread Works:Now you can bet on the Intertek Rolling Cash market to push:

  Spread Betting Higher than 2599.8p, or
  Spread Betting Lower than 2594.2p

This market is a 'Rolling' market which means that there is no closing date for this spread bet. If you decide not to close your trade and the trading session ends then your position will roll over into the next trading session.

Note that if a trade does roll over then you will normally either receive or be charged interest for overnight financing depending on whether you are speculating on the market to fall or rise. For further details see Rolling Spread Bets.
Units Traded:Financial spread bets on the Intertek market are made in £x per penny price movement.

E.g. if Intertek changes by 30p then you would lose or gain 30 times your stake.
Stake Size per Unit:You work out how much you are going to trade per penny, e.g. £3 per penny, £8 per penny, £20 per penny etc.
Simplified Trading Exercise:If you had a stake of £4 per penny and Intertek moves by 35p, you would win or lose £4 per penny x 35p = £140.


Spread Betting Example - Buying Intertek

Online spread betting on the UK equity to rise in value

You Choose to Buy or Sell: Intertek to go:

  Spread Betting Higher than 2599.8p? or
  Spread Betting Lower than 2594.2p?

You Might Choose to Buy:   Spread Betting Higher than 2599.8p
You Decide Your Stake Size, Choosing: £3 per penny
What Next?
  • You make a gain of £3 for every penny Intertek goes above 2599.8p
  • Your trade loses £3 for each penny Intertek decreases below 2599.8p
When Betting on a Market to Go Up Your P/L = (Final Price - Initial Price) x stake
 
Situation 1
Intertek goes higher and the market moves to 2642.7p - 2648.3p:   2642.7   2648.3
Time to Take a Profit? At this point, you may choose to let your bet run or close it to take your profit. In this instance you opt to close your position by selling at 2642.7p.
Your P/L = (Final Price - Initial Price) x stake
(2642.7p - 2599.8p) x £3 per penny
42.9p x £3 per penny
Your P/L = £128.70 profit
 
Situation 2
Intertek slips and the financial spread betting market changes to 2559.5p - 2565.1p, i.e. you'd see:   2559.5   2565.1
Restrict the Loss? At this point, you may decide to let your bet run or close it, i.e. close your trade to restrict your loss. In this example you opt to settle your bet and sell the market at 2559.5p.
Your P/L = (Final Price - Initial Price) x stake
(2559.5p - 2599.8p) x £3 per penny
-40.3p x £3 per penny
Your P/L = -£120.90 loss


Trading Example - Taking a Bearish View of Intertek

Spread betting on the UK equity to decrease in value

You Decide to Go Long or Short: Intertek moving:

  Spread Betting Higher than 2599.8p? or
  Spread Betting Lower than 2594.2p?

You Might Decide to Sell:   Spread Betting Lower than 2594.2p
You Decide How Much to Risk, Let's Assume You Opt For: £2 per penny
So What Happens Next?
  • Your trade loses £2 for each penny Intertek pushes above 2594.2p
  • You make a gain of £2 for each penny Intertek falls lower than 2594.2p
If You Are Betting on a Market to Decrease Your P/L = (Initial Price - Final Price) x stake
 
Situation 3
Intertek drops and the spread betting market becomes 2533.0p - 2538.6p, so you'd see:   2533.0   2538.6
Close and Take Your Profit? You can choose to keep your spread bet open or close it and lock in a profit. In this case you opt to close your position by buying the market at 2538.6p.
Your P/L = (Initial Price - Final Price) x stake
(2594.2p - 2538.6p) x £2 per penny
55.6p x £2 per penny
Your P/L = £111.20 profit
 
Situation 4
Intertek rises and the spread trading market is revised and is set at 2640.9p - 2646.5p, so you would see this on Financial Spreads:   2640.9   2646.5
Time to Limit Your Loss?At this point, you can choose to let your position run or close it, i.e. close your position and limit your loss. In this instance you decide to close your trade and buy the market at 2646.5p.
Your P/L = (Initial Price - Final Price) x stake
(2594.2p - 2646.5p) x £2 per penny
-52.3p x £2 per penny
Your P/L = -£104.60 loss

Where Can I Practice Financial Spread Betting on Intertek?

FinancialSpreads.com offers traders the chance to try out trading theories by using a free Practice Account, test markets include Intertek.

The Practice Account has more than the above market; investors are also able to try trading across a range of FX pairs, commodities, stocks and shares and stock market indices.

Open a Spread Betting and CFDs Demo Account


More on Intertek Group plc (ITRK)



A common ticker code for Intertek is 'ITRK' however 'ITRK.L' and 'LON:ITRK' 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:
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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.