Spread Betting on Meggitt Shares (MGGT)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Meggitt?

FinancialSpreads.com offers a wide array of equities spread betting and contracts for difference markets like Meggit, GlaxoSmithKline, AT&T and AXA, plus a selection of other UK, American and international stocks.

Where Can I Access Live Prices for the Meggitt Market?

With FinancialSpreads investors can speculate on over 1,000 real time prices including Meggit and an array of other shares, forex, commodities and stock market indices.

Where Can I Get Live Meggitt Charts?

When trading with FinancialSpreads investors can access live candlestick charts for Meggit and more than a thousand other markets.

As well as multiple chart types, the package also has a wide variety of options like:
Sample FinancialSpreads shares spread trading chart:

Shares Spread Betting Charts



How to Financial Spread Bet on Meggit

Let's say you sign into FinancialSpreads and are presented with:

  Meggit Rolling Cash Sell

551.1
Buy

552.9


Here is an example of how it works.

Spread Betting MarketMeggit Rolling Cash
Price (Spread)551.1p - 552.9p
How the Trade WorksYou can trade on the Meggit Rolling Cash market to go:

  Spread Betting Higher than 552.9p, or
  Spread Betting Lower than 551.1p

This market is a Rolling market so it does not have a final closing date. If you haven't closed your trade and the session ends then your position will roll over to the next trading session.

Note that if the trade is rolled over then you will normally either be credited or debited for overnight financing depending on the direction of your trade. For additional details see Rolling Spread Betting.
Trading UnitsFinancial spread bets on the Meggit market are priced in £x per penny price movement.

E.g. if Meggit moves 50p then you would lose / win 50 multiples of your stake.
StakeYou decide how much you are going to risk per penny, e.g. £3 per penny, £5 per penny, £20 per penny etc.
Brief Staking ExerciseWith that in mind, if you decided on a stake of £3 per penny and Meggit moves by 32p, you would lose or win £3 per penny x 32p = £96.


Trading Example - Taking a Long Position on Meggit

Financial spread betting on the UK equity to go up in value

You Now Decide to Go Long or Short Meggit to move:

  Spread Betting Higher than 552.9p? or
  Spread Betting Lower than 551.1p?

Let's Say You Choose to Go Long   Spread Betting Higher than 552.9p
You Select Your Stake Size, Let's Assume You Opt For £15 per penny
So What Next?
  • You win £15 for each penny Meggit rises higher than 552.9p
  • You will lose £15 for every penny Meggit pushes lower than 552.9p
If You Are Speculating on a Market to Go Up Your Profits (or Losses) = (Settlement Price - Initial Price) x stake
 
Situation 1
Meggit goes higher and the spread betting market is revised to 564.0p - 565.8p. I.e. you'd see:   564.0   565.8
Take Your Profit? You may decide to keep your bet open or close it, i.e. close your spread bet to lock in a profit. In this instance you decide to close your position and sell at 564.0p.
Your Profits (or Losses) = (Settlement Price - Initial Price) x stake
(564.0p - 552.9p) x £15 per penny
11.1p x £15 per penny
Your Profits (or Losses) = £166.50 profit
 
Situation 2
Meggit moves lower and the spread trading market is moved to 540.2p - 542.0p, therefore you would see this on Financial Spreads:   540.2   542.0
Limit the Loss? You may opt to keep your trade open or close it in order to limit your loss. In this instance you choose to settle your position by selling the market at 540.2p.
Your Profits (or Losses) = (Settlement Price - Initial Price) x stake
(540.2p - 552.9p) x £15 per penny
-12.7p x £15 per penny
Your Profits (or Losses) = -£190.50 loss


Spread Trading Example - Going Short of Meggit

Spread trading on the UK equity to go down

You Now Choose to Go Long or Short Meggit moving:

  Spread Betting Higher than 552.9p? or
  Spread Betting Lower than 551.1p?

Let's Say You Want to Go Short   Spread Betting Lower than 551.1p
You Select How Much to Risk, Let's Say You Choose £10 per penny
So What Now?
  • You will lose £10 for every penny Meggit goes above 551.1p
  • You win £10 for every penny Meggit moves lower than 551.1p
If You Are Spread Betting on a Market to Decrease Your Profits (or Losses) = (Initial Price - Settlement Price) x stake
 
Situation 3
Meggit goes lower and the financial spread betting market changes to 535.5p - 537.3p. Therefore you would see this on Financial Spreads:   535.5   537.3
Time to Take Your Profit? You can choose to let your spread bet run or close it in order to lock in a profit. In this case you decide to settle your position by buying at 537.3p.
Your Profits (or Losses) = (Initial Price - Settlement Price) x stake
(551.1p - 537.3p) x £10 per penny
13.8p x £10 per penny
Your Profits (or Losses) = £138.00 profit
 
Situation 4
Meggit increases and the market is revised and moved to 565.1p - 566.9p, i.e. the market moves to:   565.1   566.9
Time to Restrict Your Loss?At this point, you may decide to leave your trade open or close it, i.e. close your spread bet to restrict your losses. For this example, you decide to close your trade and buy the market at 566.9p.
Your Profits (or Losses) = (Initial Price - Settlement Price) x stake
(551.1p - 566.9p) x £10 per penny
-15.8p x £10 per penny
Your Profits (or Losses) = -£158.00 loss

Where Can I Practice Financial Spread Betting on Meggitt?

FinancialSpreads.com offers you the option of trying new strategies by using a Demo Account, markets include Meggit.

The Demo Account has a wide range of markets including indices, forex pairs, commodity markets and equities.

Open a Free Spread Betting and CFDs Demo Account


More on Meggitt plc (MGGT)



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