Goldman Sachs Spread Betting Guide

Goldman Sachs Spread Betting Guide

Goldman Sachs Spread Betting Guide

arrow_forwardLive Goldman Sachs Chart
arrow_forwardLive Goldman Sachs Prices
arrow_forwardWhere to Spread Bet on Goldman Sachs
arrow_forwardHow to Spread Bet on Goldman Sachs


Live Goldman Sachs Chart and Prices



Where Can I Spread Bet on Goldman Sachs?

Most spread betting brokers will offer markets on the bigger US stocks including Goldman Sachs.

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How to Spread Bet on Goldman Sachs

As an example, let’s say you are thinking of spread trading on Goldman Sachs, you go on a spread betting site, such as FinancialSpreads, and see that they are offering the real time market priced at:

Goldman Sachs Rolling Daily: $103.35 – $103.55

Here is an example of how it works.

The Spread Trading Market Goldman Sachs Rolling Daily
Spread $103.35 – $103.55
This Means Now you can speculate on the Goldman Sachs Rolling Daily market to push:

  arrow_upward  Above $103.55, or
  arrow_downward  Below $103.35

This is a ‘Rolling Daily’ trade and so there is no expiry date. If you don’t close your position and the session ends then your position will roll over to the next session.

If a trade does roll over then you will either receive or be charged a small fee for overnight financing based on whether you are speculating on the market to move higher or lower.

For an additional guide see our daily spread betting markets guide.
Units Traded Spread trades on the Goldman Sachs market are priced in £x per cent.

Where a cent is $0.01 of the equity’s price movement.

E.g. if Goldmans moves 35¢ ($0.35) then you would win/lose 35 times your stake.
Trade Size You work out how much you are going to trade per cent, e.g. £1 per cent, £4 per cent, £8 per cent etc.
Quick Example For example, if you chose a stake of £5 per cent and Goldman Sachs changes by $0.21 (21¢), you would win or lose £5 per cent x 21¢ = £105.


Worked Spread Trading Example | Taking a Long Position on Goldman Sachs

Financial spread betting on the American bank’s stock to rise

You Decide Whether to Buy or Sell Goldman Sachs to go:

  arrow_upward  Above $103.55? or
  arrow_downward  Below $103.35?

Let’s Assume You Choose to Buy   arrow_upward  Above $103.55
You Select Your Stake Size, Let’s Say You Choose £2 per cent
What Now?
  • You make a profit of £2 for each cent ($0.01) Goldman Sachs pushes above $103.55
  • You make a loss of £2 for every cent ($0.01) Goldman Sachs goes below $103.55
If You Are Speculating on a Market to Rise Your P/L = (Closing Level – Initial Level) x stake per cent
 
Trading Example 1 Goldman Sachs pushes higher and the market is revised and set at $104.07 – $104.27.
Time to Lock in Your Profit? You may choose to leave your trade open or close it and lock in your profit. In this case you choose to settle your trade by selling at $104.07.
Your P/L = (Closing Level – Initial Level) x stake per cent
($104.07 – $103.55) x £2 per cent
$0.52 x £2 per cent
52¢ x £2 per cent
Your P/L = £104 profit
 
Trading Example 2 Goldman Sachs goes lower and the spread trading market is adjusted to $102.95 – $103.15.
Time to Limit the Loss? You could decide to keep your position open or close it and limit your loss. In this case you opt to close your position by selling the market at $102.95.
Your P/L = (Closing Level – Initial Level) x stake per cent
($102.95 – $103.55) x £2 per cent
-$0.60 x £2 per cent
-60¢ x £2 per cent
Your P/L = -£120 loss


Spread Trading Example | Taking a Bearish View of GS

Financial spread trading on the US bank’s stock to drop

You Now Choose Whether to Buy or Sell Goldman Sachs going:

  arrow_upward  Above $103.55? or
  arrow_downward  Below $103.35?

Let’s Say You Go Short   arrow_downward  Below $103.35
You Select How Much to Risk, Let’s Assume You Opt For £1 per cent
So What Next?
  • You make a loss of £1 for every cent ($0.01) Goldman Sachs rises above $103.35
  • You make a profit of £1 for every cent ($0.01) Goldman Sachs pushes below $103.35
When Spread Betting on a Market to Decrease Your P/L = (Initial Level – Closing Level) x stake per cent
 
Trading Example 3 Goldman Sachs decreases and the financial spread betting market becomes $102.32 – $102.52.
Time to Lock in a Profit? You could decide to leave your bet open or close it and take your profit. In this case you decide to settle your bet and buy the market at $102.52.
Your P/L = (Initial Level – Closing Level) x stake per cent
($103.35 – $102.52) x £1 per cent
$0.83 x £1 per cent
83¢ x £1 per cent
Your P/L = £83 profit
 
Trading Example 4 Goldman Sachs moves higher and the spread betting market is moved to $104.10 – $104.30.
Time to Restrict the Loss?At this point, you could choose to let your bet run or close it, i.e. close your spread bet and restrict your loss. For this example, you opt to close your position by buying at $104.30.
Your P/L = (Initial Level – Closing Level) x stake per cent
($103.35 – $104.30) x £1 per cent
-$0.95 x £1 per cent
-95¢ x £1 per cent
Your P/L = -£95 loss


Goldman Sachs Notes:

AuthorAlex Turner

Senior Editor, SpreadBetMagazine

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