Spread Betting on Smiths Group Shares (SMIN)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Smiths Group?

A Financial Spreads account provides investors with a wide variety of equity markets like Smiths Group, Royal Dutch Shell, IBM and E.On, along with a host of other international stocks.

Where Can I Access Live Prices for the Smiths Group Market?

When using a Financial Spreads account investors are able to speculate on more than a thousand real time prices such as Smiths Group and a large range of other equities, indices, currencies and commodities prices.

Where Can I Get Live Smiths Group Charts?

With FinancialSpreads clients have access to up-to-the-minute charts for Smiths Group and numerous other CFD and spread betting markets.

As well as multiple display styles, the package also comes with an array of advanced features:
Example equities chart:

Shares Spread Betting Charts



A Guide to Financial Spread Betting on Smiths Group

Let's assume you look at Financial Spreads and the live quote is:

  Smiths Group Rolling Cash Sell

1181.2
Buy

1183.8


Here's an example of how the market works

Spread Betting Market:Smiths Group Rolling Cash
The Spread:1181.2p - 1183.8p
This Means That:You can speculate on the Smiths Group Rolling Cash market moving:

  Spread Betting Higher than 1183.8p, or
  Spread Betting Lower than 1181.2p

This market is a 'Rolling' market so it does not have a closing date. If you don't close your position and the trading session ends then your position will automatically roll over into the next trading day.

Note that if a trade is rolled over then you will normally either be credited or charged for overnight financing based on whether you are betting on the market to move higher or lower. For more details also see Rolling Spread Betting.
Units Traded:Trades on the Smiths Group market are priced in £x per penny price movement.

E.g. if Smiths Group changes by 50p then you would win or lose 50 multiples of your stake.
Trade Size:You decide what to risk per penny, e.g. £1 per penny, £8 per penny, £10 per penny etc.
Quick Example:As an example, if you went with a stake of £3 per penny and Smiths Group moves by 22p, you would win/lose £3 per penny x 22p = £66.


Spread Trading Example - Taking a Bullish View of Smiths Group

Spread trading on the equity to increase

You Select Whether to Go Long or Short: Smiths Group going:

  Spread Betting Higher than 1183.8p? or
  Spread Betting Lower than 1181.2p?

You Might Decide to Go Long:   Spread Betting Higher than 1183.8p
You Decide How Much to Risk, Let's Say You Choose: £4 per penny
So What Happens Now?
  • You gain £4 for each penny Smiths Group increases above 1183.8p
  • Your spread bet loses £4 for every penny Smiths Group pushes lower than 1183.8p
If You Are Speculating on a Market to Increase Your Trading P&L = (Closing Price - Opening Price) x stake
 
Trading Scenario 1
Smiths Group climbs and the market is revised to 1218.1p - 1220.7p. I.e. you'd see:   1218.1   1220.7
Take Your Profit? You can opt to leave your spread bet open or close it, i.e. close your trade to lock in your profit. In this example you opt to close your bet by selling at 1218.1p.
Your Trading P&L = (Closing Price - Opening Price) x stake
(1218.1p - 1183.8p) x £4 per penny
34.3p x £4 per penny
Your Trading P&L = £137.20 profit
 
Trading Scenario 2
Smiths Group decreases and the spread betting market is revised and set at 1153.6p - 1156.2p. Therefore you'd see:   1153.6   1156.2
Limit the Loss? At this point, you could choose to keep your trade open or close it, i.e. close your trade and restrict your losses. For this example, you decide to settle your bet by selling the market at 1153.6p.
Your Trading P&L = (Closing Price - Opening Price) x stake
(1153.6p - 1183.8p) x £4 per penny
-30.2p x £4 per penny
Your Trading P&L = -£120.80 loss


Trading Example - Selling Smiths Group

Online spread betting on the equity to move down

You Now Choose Whether to Buy or Sell: Smiths Group to go:

  Spread Betting Higher than 1183.8p? or
  Spread Betting Lower than 1181.2p?

Let's Say You Want to Sell:   Spread Betting Lower than 1181.2p
You Select How Much to Risk, Choosing: £5 per penny
What Next?
  • Your spread bet loses £5 for every penny Smiths Group goes above 1181.2p
  • You gain £5 for every penny Smiths Group pushes below 1181.2p
When Selling a Market Your Trading P&L = (Opening Price - Closing Price) x stake
 
Trading Scenario 3
Smiths Group goes lower and the spread trading market is adjusted to 1155.0p - 1157.6p, i.e. on Financial Spreads you'd see:   1155.0   1157.6
Close and Take Your Profit? At this point, you may decide to let your spread bet run or close it to lock in a profit. In this instance you choose to settle your bet by buying the market at 1157.6p.
Your Trading P&L = (Opening Price - Closing Price) x stake
(1181.2p - 1157.6p) x £5 per penny
23.6p x £5 per penny
Your Trading P&L = £118.00 profit
 
Trading Scenario 4
Smiths Group increases and the financial spread betting market moves to 1199.4p - 1202.0p, so you would see:   1199.4   1202.0
Close and Restrict Your Loss?You may choose to keep your position open or close it, i.e. close your position to restrict your losses. In this case you decide to settle your trade and buy the market at 1202.0p.
Your Trading P&L = (Opening Price - Closing Price) x stake
(1181.2p - 1202.0p) x £5 per penny
-20.8p x £5 per penny
Your Trading P&L = -£104.00 loss

Where Can I Practice Financial Spread Betting on Smiths Group?

FinancialSpreads offer a free Demo Account which means you can practice trading, test trading orders, analyse live charts and try out new trading theories etc. on markets such as Smiths Group.

The Demo Account comes with a large range of markets such as currencies, commodities, equities and stock market indices.

Open a Free Financial Spreads Demo Account


More on Smiths Group plc (SMIN)



A common ticker code for Smiths Group is 'SMIN' however 'SMIN.L' and 'LON:SMIN' 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.