Spread Betting on Legal & General Shares (LGEN)

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

Where Can I Spread Bet on Legal & General?

Financial Spreads offers clients a range of stocks and shares like Legal & General, AstraZeneca, IBM and Total, plus a broad selection of other UK, US and international stocks.

Where Can I Access Live Prices for the Legal & General Market?

Financial Spreads offers investors live pricing on over a thousand spread trading and CFD markets like Legal & General and an array of other equities, foreign exchange, commodities and stock market indices.

Where Can I Get Live Legal & General Charts?

With FinancialSpreads investors have access to real-time charts for Legal & General and over 1,000 other spread trading and CFD markets.

As well as several chart types, the package also has an array of benefits:
Example FinancialSpreads shares spread trading chart:

Shares Spread Betting Charts



How to Spread Bet on Legal & General

As an example, let's imagine that you look at Financial Spreads and are presented with:

  Legal & General Rolling Cash Sell

270.01
Buy

270.49


Here is a guide to how the market works:

The Market:Legal & General Rolling Cash
The Spread Trading Price:270.01p - 270.49p
How the Trade Works:You can spread bet on the Legal & General Rolling Cash market to move:

  Spread Betting Above 270.49p, or
  Spread Betting Below 270.01p

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

If a trade is rolled over then you will normally either receive or be charged a small fee for overnight financing based upon the direction of your spread bet. For further details see Rolling Spread Betting.
Trading Units:Spread bets on the Legal & General market are priced in £x per penny price movement.

E.g. if Legal & General changes by 35p then you would lose/win 35 times your stake.
Stake:You decide how much you want to stake per penny, e.g. £3 per penny, £8 per penny, £20 per penny etc.
Short Staking Exercise:If, for example, you have a stake of £4 per penny and Legal & General moves by 30p, you would win / lose £4 per penny x 30p = £120.


Trading Example - Going Long of Legal & General

Spread betting on the UK share to rise in value

You Now Choose Whether to Buy or Sell: Legal & General to go:

  Spread Betting Above 270.49p? or
  Spread Betting Below 270.01p?

Let's Say You Choose to Buy:   Spread Betting Above 270.49p
You Choose How Much to Risk, Let's Say You Choose: £15 per penny
So What Next?
  • You gain £15 for every penny Legal & General pushes higher than 270.49p
  • You lose £15 for each penny Legal & General decreases lower than 270.49p
When Buying a Market Your P&L = (Closing Price - Opening Price) x stake
 
Scenario 1
Legal & General rises and the spread betting market is revised to 282.26p - 282.74p. Therefore Financial Spreads would show:   282.26   282.74
Time to Take Your Profit? At this point, you may choose to leave your trade open or close it, i.e. close your spread bet to lock in a profit. In this instance you opt to close your trade by selling the market at 282.26p.
Your P&L = (Closing Price - Opening Price) x stake
(282.26p - 270.49p) x £15 per penny
11.77p x £15 per penny
Your P&L = £176.55 profit
 
Scenario 2
Legal & General drops and the spread trading market is revised and changes to 257.64p - 258.12p. I.e. the market moves to:   257.64   258.12
Restrict the Loss? You may choose to let your spread bet run or close it to limit your loss. In this case you decide to close your trade and sell at 257.64p.
Your P&L = (Closing Price - Opening Price) x stake
(257.64p - 270.49p) x £15 per penny
-12.85p x £15 per penny
Your P&L = -£192.75 loss


Spread Trading Example - Taking a Bearish View of Legal & General

Financial spread trading on the UK share to go down in value

You Now Select Whether to Go Long or Short: Legal & General going:

  Spread Betting Above 270.49p? or
  Spread Betting Below 270.01p?

You Might Decide to Go Short:   Spread Betting Below 270.01p
You Select Your Stake, Let's Assume You Opt For: £20 per penny
So What Now?
  • You lose £20 for each penny Legal & General rises higher than 270.01p
  • You gain £20 for each penny Legal & General goes lower than 270.01p
If You Are Selling a Market Your P&L = (Opening Price - Closing Price) x stake
 
Scenario 3
Legal & General falls and the financial spread betting market is revised and moved to 260.13p - 260.61p. Therefore you would see:   260.13   260.61
Time to Lock in a Profit? You can choose to leave your position open or close it in order to take a profit. In this instance you decide to settle your bet and buy the market at 260.61p.
Your P&L = (Opening Price - Closing Price) x stake
(270.01p - 260.61p) x £20 per penny
9.40p x £20 per penny
Your P&L = £188.00 profit
 
Scenario 4
Legal & General pushes higher and the market adjusts and moves to 279.79p - 280.27p, i.e. you would see:   279.79   280.27
Limit the Loss?You can opt to leave your trade open or close it, i.e. close your spread bet to restrict your loss. For this example, you choose to close your trade and buy at 280.27p.
Your P&L = (Opening Price - Closing Price) x stake
(270.01p - 280.27p) x £20 per penny
-10.26p x £20 per penny
Your P&L = -£205.20 loss

Where Can I Practice Financial Spread Betting on Legal & General?

Financial Spreads provide a Demo Account which means investors can practice spread betting and CFD trading, try out new trading strategies, try out trading orders and check live charts etc. on spread betting and CFD markets like Legal & General.

The Demo Account is not limited to the market above; traders are also able to practice trading on a large variety of forex rates, equities, commodity markets and indices.


More on Legal & General Group plc (LGEN)



A common ticker code for Legal & General is 'LGEN' however 'LGEN.L' and 'LON:LGEN' 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.


Contact Customer Support

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

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.