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Why Traders Are Switching to Spread Betting to Handle the Greek Debt Crisis

LONDON July 13, 2011

July 20 Greece Athens

Greece spread betting

For example, if you expected the FTSE 100 to fall over the coming days, you could open a ‘sell’ position of £10 per point at 5120. This means that for every point by which the FTSE 100 fell, you would make a profit of £10.

Therefore, if the FTSE 100 then fell to 5090/5091 on the back of the Greek debt crisis, you could cash in your gains by buying back £10 per point at 5091 (our buy price) – a profit of £290. If however, the price of the FTSE 100 rose to 5150, you would have lost £360 (5150 -5120 x £10).

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