Spread Betting on SSE Shares (SSE.L)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on SSE?

FinancialSpreads.com offers a variety of shares such as SSE, RBS, Oracle and Telefonica, together with many other UK, US and global stocks.

Where Can I Access Live Prices for the SSE Market?

A FinancialSpreads account offers clients real-time prices on numerous CFD and spread trading markets including SSE and a large range of other shares, foreign exchange, commodities and stock market indices.

Where Can I Get Live SSE Charts?

With Financial Spreads clients can use real time candlestick charts for SSE and more than 1,000 other CFD and spread betting markets.

Along with the various display styles, the package also comes with a wide array of features:
Sample Financial Spreads share spread betting chart:

Shares Spread Betting Charts



A Guide to Spread Trading on SSE

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

  SSE Rolling Cash Sell

1567.9
Buy

1571.1


Here is a brief example of how the market works.

The Spread Betting MarketSSE Rolling Cash
The Quote1567.9p - 1571.1p
This MeansYou can take a position on the SSE Rolling Cash market to go:

  Spread Betting Above 1571.1p, or
  Spread Betting Below 1567.9p

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

If a trade is rolled over then you will normally either be debited or credited for overnight financing based on whether you are betting on the market to go down or up. To learn more also see Rolling Spread Betting.
Trading UnitsFinancial spread bets on the SSE market are made in £x per penny price movement.

E.g. if SSE moves 35p then you would lose or gain 35 multiples of your stake.
Stake per UnitYou choose how much you would like to stake per penny, e.g. £1 per penny, £5 per penny, £10 per penny etc.
Short Staking ExampleIf you have a stake of £3 per penny and SSE moves by 29p, you would gain or lose £3 per penny x 29p = £87.


Trading Example - Going Long of SSE

Spread trading on the UK equity to go up in value

You Consider Whether to Go Long or Short SSE to move:

  Spread Betting Above 1571.1p? or
  Spread Betting Below 1567.9p?

You Might Want to Go Long   Spread Betting Above 1571.1p
You Select Your Stake Size, Let's Assume You Opt For £4 per penny
Now What Happens?
  • You win £4 for every penny SSE goes higher than 1571.1p
  • You will lose £4 for each penny SSE goes below 1571.1p
When You Buy a Spread Bet Your Trading P&L = (Final Price - Opening Price) x stake
 
Trading Situation 1
SSE rises and the spread betting market is revised and changes to 1618.2p - 1621.4p. I.e. you would see:   1618.2   1621.4
Close for a Profit? At this point, you can opt to leave your spread bet open or close it in order to lock in your profit. In this example you opt to close your bet by selling at 1618.2p.
Your Trading P&L = (Final Price - Opening Price) x stake
(1618.2p - 1571.1p) x £4 per penny
47.1p x £4 per penny
Your Trading P&L = £188.40 profit
 
Trading Situation 2
SSE goes lower and the financial spread betting market is revised and is set at 1527.9p - 1531.1p. So you'd see this on Financial Spreads:   1527.9   1531.1
Time to Restrict Your Loss? You can opt to keep your spread bet open or close it, i.e. close your spread bet and limit your loss. In this case you opt to close your bet by selling the market at 1527.9p.
Your Trading P&L = (Final Price - Opening Price) x stake
(1527.9p - 1571.1p) x £4 per penny
-43.2p x £4 per penny
Your Trading P&L = -£172.80 loss


Worked Spread Betting Example - Taking a Bearish View of SSE

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

You Decide to Go Long or Short SSE going:

  Spread Betting Above 1571.1p? or
  Spread Betting Below 1567.9p?

You Might Want to Sell   Spread Betting Below 1567.9p
You Choose Your Stake, Let's Say You Opt For £3 per penny
So Now What Happens?
  • You will lose £3 for each penny SSE rises higher than 1567.9p
  • You win £3 for each penny SSE decreases lower than 1567.9p
If You Are Selling a Spread Bet Your Trading P&L = (Opening Price - Final Price) x stake
 
Trading Situation 3
SSE pushes lower and the market becomes 1512.0p - 1515.2p:   1512.0   1515.2
Lock in Your Profit? You could decide to leave your trade open or close it, i.e. close your position to lock in a profit. For this example, you choose to settle your position by buying at 1515.2p.
Your Trading P&L = (Opening Price - Final Price) x stake
(1567.9p - 1515.2p) x £3 per penny
52.7p x £3 per penny
Your Trading P&L = £158.10 profit
 
Trading Situation 4
SSE increases and the spread trading market is moved to 1613.0p - 1616.2p. Therefore you'd see:   1613.0   1616.2
Limit the Loss?You may decide to let your trade run or close it and limit your losses. In this case you choose to close your bet and buy at 1616.2p.
Your Trading P&L = (Opening Price - Final Price) x stake
(1567.9p - 1616.2p) x £3 per penny
-48.3p x £3 per penny
Your Trading P&L = -£144.90 loss

Where Can I Practice Financial Spread Betting on SSE?

FinancialSpreads.com provides investors with the chance to test new ideas by using a free Demo Account, practise markets include SSE.

The Demo Account doesn't just cover the above market; investors are also able to practice trading using a large range of equities, stock market indices, commodity markets and forex pairs.

Open a Free Demo Account


More on SSE plc (SSE)



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