Spread Betting on the United Technologies Share Price (UTX)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on United Technologies?

FinancialSpreads.com provides a large variety of equities such as United Technologies, SABMiller, Oracle and Daimler, together with a broad selection of other UK, US and global shares.

Where Can I Access Live Prices for the United Technologies Market?

With a FinancialSpreads account clients can trade on numerous live prices including markets like United Technologies and a range of other stocks, stock markets, commodities and currency markets.

Where Can I Get Live United Technologies Charts?

Using a FinancialSpreads account you are able to access live trading charts for United Technologies and over 1,000 other markets.

Along with several display styles, the charting package also comes with a wide range of features that include:
Sample equity trading chart:

Shares Spread Betting Charts



A Guide to Spread Trading on United Technologies

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

  United Technologies Rolling Cash Sell

12060.0
Buy

12070.0


This is a brief example of how it works:

Market:United Technologies Rolling Cash
The Quote:12060.0¢ - 12070.0¢
How the Market Works:You can bet on the United Technologies Rolling Cash market going:

  Spread Betting Higher than 12070.0¢, or
  Spread Betting Lower than 12060.0¢

This spread betting market is a Rolling market meaning that it does not have a settlement date. If you haven't closed your trade and the trading session ends then your position will roll over into the next trading day.

Note: if a trade does roll over then you will normally either receive or pay a small fee for overnight financing depending on whether you are speculating on the market to move lower or higher. For more details also see Rolling Spread Betting.
Traded Units:Trades on the United Technologies market are made in £x per cent price movement.

E.g. if United Technologies moves by 40.0¢ then you would lose or gain 40 multiples of your stake.
Stake Size per Unit:You choose how much you are going to trade per cent, e.g. £1 per cent, £8 per cent, £10 per cent etc.
Short Staking Exercise:For example, if you chose a stake of £4 per cent and United Technologies changes by 33.0¢, you would gain or lose £4 per cent x 33.0¢ = £132.


Spread Betting Example - Buying United Technologies

Spread betting on the US share to move up in value

You Now Choose Whether to Go Long or Short: United Technologies to push:

  Spread Betting Higher than 12070.0¢? or
  Spread Betting Lower than 12060.0¢?

You Might Choose to Buy:   Spread Betting Higher than 12070.0¢
You Decide Your Stake, Let's Assume You Select: £3 per cent
So What Next?
  • You make a gain of £3 for every cent United Technologies rises higher than 12070.0¢
  • Your trade loses £3 for each cent United Technologies goes below 12070.0¢
When Speculating on a Market to Increase Your P/L = (Final Price - Opening Price) x stake
 
Example 1
United Technologies moves higher and the spread betting market is adjusted and moved to 12124.3¢ - 12134.3¢, i.e. on Financial Spreads you would see:   12124.3   12134.3
Take a Profit? You may decide to leave your spread bet open or close it, i.e. close your position to lock in a profit. For this example, you choose to close your position and sell at 12124.3¢.
Your P/L = (Final Price - Opening Price) x stake
(12124.3¢ - 12070.0¢) x £3 per cent
54.3¢ x £3 per cent
Your P/L = £162.90 profit
 
Example 2
United Technologies falls and the financial spread betting market changes to 12009.7¢ - 12019.7¢, i.e. you'd see:   12009.7   12019.7
Close and Restrict the Loss? You could decide to let your trade run or close it and limit your losses. In this example you choose to settle your position by selling at 12009.7¢.
Your P/L = (Final Price - Opening Price) x stake
(12009.7¢ - 12070.0¢) x £3 per cent
-60.3¢ x £3 per cent
Your P/L = -£180.90 loss


Spread Trading Example - Going Short of United Technologies

Financial spread betting on the US share to decrease in value

You Now Work Out Whether to Go Long or Short: United Technologies to move:

  Spread Betting Higher than 12070.0¢? or
  Spread Betting Lower than 12060.0¢?

Let's Say You Choose to Sell:   Spread Betting Lower than 12060.0¢
You Decide How Much to Risk, Opting for: £2 per cent
So What Happens Next?
  • Your trade loses £2 for each cent United Technologies pushes higher than 12060.0¢
  • You make a gain of £2 for each cent United Technologies pushes lower than 12060.0¢
When Selling a Spread Bet Your P/L = (Opening Price - Final Price) x stake
 
Example 3
United Technologies goes lower and the spread trading market is revised to 11990.3¢ - 12000.3¢, so you would see:   11990.3   12000.3
Time to Take a Profit? You can choose to keep your spread bet open or close it to lock in a profit. In this case you choose to close your position by buying the market at 12000.3¢.
Your P/L = (Opening Price - Final Price) x stake
(12060.0¢ - 12000.3¢) x £2 per cent
59.7¢ x £2 per cent
Your P/L = £119.40 profit
 
Example 4
United Technologies pushes higher and the market becomes 12116.3¢ - 12126.3¢, i.e. Financial Spreads would show:   12116.3   12126.3
Close and Limit the Loss?At this point, you may opt to let your trade run or close it, i.e. close your trade to restrict your losses. In this instance you choose to close your bet and buy the market at 12126.3¢.
Your P/L = (Opening Price - Final Price) x stake
(12060.0¢ - 12126.3¢) x £2 per cent
-66.3¢ x £2 per cent
Your P/L = -£132.60 loss

Where Can I Practice Financial Spread Betting on United Technologies?

Financial Spreads offers you the ability to try out new trading strategies by using a free Demo Account on CFD and spread betting markets such as United Technologies.

The Financial Spreads Demo Account comes with a wide range of markets including foreign exchange rates, commodities, equities and indices.


More on United Technologies Corporation (UTX)



The ticker code for United Technologies is 'UTX', for more news and data on the American firm, also see: Financial Spreads is not responsible for the content of external / third party websites.


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