Spread Betting on Polymetal International Shares (POLY)

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Polymetal International Spread Betting

Where Can I Spread Bet on Polymetal International?

FinancialSpreads.com offers investors an array of equities spread trading and CFD markets like Polymetal International, Vodafone, IBM and Airbus, along with numerous other UK, American and global equities.

Where Can I Access Live Prices for the Polymetal International Market?

FinancialSpreads.com offers clients real-time pricing on 1,000+ markets such as Polymetal International and a wide variety of other equities, indices, currencies and commodities prices.

Where Can I Get Live Polymetal International Charts?

When using a FinancialSpreads account investors are able to access up-to-the-minute candlestick charts for Polymetal International and numerous other financial spread betting and CFD markets.

As well as the various display styles, the package also has a wide array of benefits that include:
Example Financial Spreads share spread betting chart:

Shares Spread Betting Charts



A Guide to Spread Betting on Polymetal International

For example, let's say that you look at the Financial Spreads site and the platform is showing a price of:

  Polymetal International Rolling Cash Sell

599.1
Buy

601.4


This is an example of how it works:

The Market:Polymetal International Rolling Cash
Spread Trading Price:599.1p - 601.4p
How the Spread Works:You can trade on the Polymetal International Rolling Cash market to go:

  Spread Betting Above 601.4p, or
  Spread Betting Below 599.1p

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

Note that if a trade rolls over then you will either be charged or credited for overnight financing based upon whether you are betting on the market to go up or down. For additional information see Rolling Spread Bets.
Points (Units) Traded:Bets on the Polymetal International market are made in £x per penny price movement.

E.g. if Polymetal International changes by 55p then you would lose or gain 55 multiples of your stake.
Trade Size:You work out how much you would like to trade per penny, e.g. £1 per penny, £5 per penny, £10 per penny etc.
Quick Staking Exercise:If, as an example, you chose a stake of £3 per penny and Polymetal International moves 22p, you would lose or win £3 per penny x 22p = £66.


Worked Example - Buying Polymetal International

Online spread betting on the UK share to increase in value

You Now Consider Whether to Go Long or Short: Polymetal International moving:

  Spread Betting Above 601.4p? or
  Spread Betting Below 599.1p?

Let's Say You Decide to Go Long:   Spread Betting Above 601.4p
You Choose Your Stake Size, Let's Say You Select: £5 per penny
So Now What Happens?
  • You make a profit of £5 for each penny Polymetal International increases above 601.4p
  • Your spread bet loses £5 for every penny Polymetal International goes lower than 601.4p
When Spread Betting on a Market to Increase Your P/L = (Final Price - Initial Price) x stake
 
Situation 1
Polymetal International moves higher and the market moves to 622.4p - 624.7p. I.e. the market moves to:   622.4   624.7
Close and Take Your Profit? You can decide to keep your position open or close it, i.e. close your position to lock in a profit. In this instance you decide to close your bet by selling at 622.4p.
Your P/L = (Final Price - Initial Price) x stake
(622.4p - 601.4p) x £5 per penny
21.0p x £5 per penny
Your P/L = £105.00 profit
 
Situation 2
Polymetal International goes lower and the financial spread betting market is moved to 577.3p - 579.6p. Therefore you'd see:   577.3   579.6
Time to Restrict Your Loss? At this point, you may choose to keep your bet open or close it, i.e. close your spread bet and limit your loss. In this case you decide to settle your trade and sell at 577.3p.
Your P/L = (Final Price - Initial Price) x stake
(577.3p - 601.4p) x £5 per penny
-24.1p x £5 per penny
Your P/L = -£120.50 loss


Worked Spread Betting Example - Taking a Short Position on Polymetal International

Financial spread trading on the UK share to go down

You Work Out Whether to Go Long or Short: Polymetal International going:

  Spread Betting Above 601.4p? or
  Spread Betting Below 599.1p?

Let's Say You Sell:   Spread Betting Below 599.1p
You Select How Much to Risk, Selecting: £10 per penny
What Happens Now?
  • Your spread bet loses £10 for every penny Polymetal International goes higher than 599.1p
  • You make a profit of £10 for every penny Polymetal International moves below 599.1p
If You Are Speculating on a Market to Go Down Your P/L = (Initial Price - Final Price) x stake
 
Situation 3
Polymetal International drops and the spread trading market is adjusted to 579.0p - 581.3p, i.e.   579.0   581.3
Take a Profit? At this point, you can decide to let your position run or close it, i.e. close your spread bet to lock in a profit. In this case you opt to close your trade and buy the market at 581.3p.
Your P/L = (Initial Price - Final Price) x stake
(599.1p - 581.3p) x £10 per penny
17.8p x £10 per penny
Your P/L = £178.00 profit
 
Situation 4
Polymetal International rises and the spread betting market is adjusted and moved to 617.2p - 619.5p, i.e. the market moves to:   617.2   619.5
Restrict Your Loss?You could opt to let your trade run or close it, i.e. close your spread bet to limit your losses. In this example you opt to settle your bet by buying at 619.5p.
Your P/L = (Initial Price - Final Price) x stake
(599.1p - 619.5p) x £10 per penny
-20.4p x £10 per penny
Your P/L = -£204.00 loss

Where Can I Practice Financial Spread Betting on Polymetal International?

FinancialSpreads offers a free Practice Account which means you can test trading theories, view charts, test trading orders and practice trading etc. on markets such as Polymetal International.

The Practice Account comes with a range of markets such as forex pairs, commodity markets, stocks and stock market indices.

Open a Financial Spreads Demo Account


More on Polymetal International plc (POLY)



A common ticker code for Polymetal International is 'POLY' however 'POLY.L' and 'LON:POLY' 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.