Let’s take a closer look at how to spread bet
1. Select your product
Choose from our wide range of instruments, including commodities, currencies, indices and companies. Find the product you’re interested in spread betting on by using the search and filter tool in the product library within the trading platform.
2. Decide if you want to buy or sell
If you think the price will go up, click on the buy price with the aim of selling it later at a higher price. If you think the price will fall, click on the sell price with the aim of buying it back later at a lower price. When you click on the buy or sell price the platform will open up an order ticket.
3. Select your stake
Within the order ticket, set your stake size – this is the amount you want to bet per point.
4. Set your risk level
When you open a new bet our trading platform will automatically set a stop loss for that bet, equal to the margin requirement. This useful risk management feature is known as transaction based stop loss. You can adjust the stop loss before you place the bet, or you can change it after your bet has been opened. Or, if you prefer not to use the transaction based stop loss feature, simply turn it off in your account preferences. If you’re new to spread betting, we recommend using this feature.
You can also set a take profit level at this point. A take profit level is a point at which you would like the platform to take your profits and close your position. If the price of your instrument reaches this level, the platform will automatically do this for you.
5. Monitor your positions
As soon as your trade is opened you can monitor your profit or loss in real time. You can view the price movements of your product on a chart and you can adjust your stop loss and take profit levels at any time right on the chart.
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