Spread Betting on Next Shares (NXT.L)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Next?

Financial Spreads offers an array of equities including Next, BT, Walt Disney and E.On, along with a selection of other international stocks.

Where Can I Access Live Prices for the Next Market?

A Financial Spreads account offers clients live pricing on numerous CFD and spread trading markets such as Next and a wide range of other stocks, commodities, stock market indices and foreign exchange markets.

Where Can I Get Live Next Charts?

With Financial Spreads investors can look at real time candlestick charts for Next and numerous other CFD and spread trading markets.

To aid your analysis, the charting package has a wide range of advanced features:
Example equity chart:

Shares Spread Betting Charts



How to Spread Bet on Next

As an example, let's say you sign into FinancialSpreads.com and the current price is:

  Next Rolling Cash Sell

7214.9
Buy

7230.1


This is a brief example of how the market works...

The MarketNext Rolling Cash
The Quote7214.9p - 7230.1p
How the Spread WorksNow you can bet on the Next Rolling Cash market to move:

  Spread Betting Above 7230.1p, or
  Spread Betting Below 7214.9p

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

If the trade is rolled over then you will either receive or be charged interest for overnight financing based on whether you are speculating on the market to go up or down. For additional details also see Rolling Spread Bets.
Trading UnitsTrades on the Next market are made in £x per penny price movement.

E.g. if Next changes by 45p then you would gain or lose 45 times your stake.
Stake (Trade Size)You decide how much you are going to stake per penny, e.g. £1 per penny, £4 per penny, £15 per penny etc.
Brief Staking ExampleIf, for example, you have a stake of £3 per penny and Next moves 28p, you would lose / win £3 per penny x 28p = £84.


Worked Spread Trading Example - Going Long of Next

Spread trading on the equity to go up

You Now Work Out Whether to Go Long or Short Next moving:

  Spread Betting Above 7230.1p? or
  Spread Betting Below 7214.9p?

Let's Say You Decide to Go Long   Spread Betting Above 7230.1p
You Select Your Stake Size, Let's Say You Select £2 per penny
So What Next?
  • You will make a profit of £2 for every penny Next goes above 7230.1p
  • Your spread bet loses £2 for each penny Next decreases lower than 7230.1p
If You Are Betting on a Market to Go Up Your P&L = (Settlement Price - Initial Price) x stake
 
Example 1
Next moves higher and the financial spread betting market is adjusted and moved to 7331.3p - 7346.5p, i.e.   7331.3   7346.5
Take Your Profit? At this point, you may opt to keep your bet open or close it and take a profit. In this case you choose to close your bet and sell the market at 7331.3p.
Your P&L = (Settlement Price - Initial Price) x stake
(7331.3p - 7230.1p) x £2 per penny
101.2p x £2 per penny
Your P&L = £202.40 profit
 
Example 2
Next decreases and the market is moved to 7139.7p - 7154.9p, therefore you would see:   7139.7   7154.9
Limit the Loss? You could choose to leave your bet open or close it, i.e. close your position to limit your loss. In this instance you choose to settle your bet by selling at 7139.7p.
Your P&L = (Settlement Price - Initial Price) x stake
(7139.7p - 7230.1p) x £2 per penny
-90.4p x £2 per penny
Your P&L = -£180.80 loss


Spread Trading Example - Selling Next

Financial spread trading on the equity to move lower

You Choose Whether to Go Long or Short Next going:

  Spread Betting Above 7230.1p? or
  Spread Betting Below 7214.9p?

Let's Assume You Want to Sell   Spread Betting Below 7214.9p
You Decide How Much to Risk, Selecting £3 per penny
What Happens Next?
  • Your spread bet loses £3 for each penny Next moves higher than 7214.9p
  • You will make a profit of £3 for each penny Next falls lower than 7214.9p
When Spread Betting on a Market to Fall Your P&L = (Initial Price - Settlement Price) x stake
 
Example 3
Next moves lower and the spread trading market is revised and moved to 7142.1p - 7157.3p. I.e. the market moves to:   7142.1   7157.3
Time to Lock in Your Profit? You can decide to keep your bet open or close it, i.e. close your position to lock in your profit. In this example you decide to settle your trade and buy the market at 7157.3p.
Your P&L = (Initial Price - Settlement Price) x stake
(7214.9p - 7157.3p) x £3 per penny
57.6p x £3 per penny
Your P&L = £172.80 profit
 
Example 4
Next pushes higher and the spread betting market becomes 7251.1p - 7266.3p, therefore Financial Spreads would show:   7251.1   7266.3
Limit Your Loss?At this point, you may choose to leave your position open or close it, i.e. close your trade to limit your losses. For this example, you opt to close your position by buying at 7266.3p.
Your P&L = (Initial Price - Settlement Price) x stake
(7214.9p - 7266.3p) x £3 per penny
-51.4p x £3 per penny
Your P&L = -£154.20 loss

Where Can I Practice Financial Spread Betting on Next?

FinancialSpreads provide a free Demo Account which allows you to analyse the real-time charts, practice with trading orders, practice trading and try out new trading theories on markets including Next.

The Demo Account comes with more than the market above; you can also practice on a wide variety of index markets, exchange rates, commodity markets and equities.


More on Next plc (NXT)



A common ticker code for Next is 'NXT' however 'NXT.L' and 'LON:NXT' 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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+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.