Woolworths (AUD)

33.265
0.48%

Daily
  • L. 33.06
  • H. 33.39
  • Ch. 0.16
  • Ch.% 0.48%
Overview
Costs & Margins
  • Woolworths Group (ASX:WOW) operates general merchandise consumer stores and supermarkets in Australia, New Zealand and India. It procures food, drinks, general merchandise and consumer electronic-related products from various farmers, producers and manufacturers, and resells them to various customers.

    Aside from its primary business, Woolworths also offers leisure and hospitality services, including accommodation, entertainment, and gaming for its users. It delivers these products across various pick-up locations in these regions.

    Woolworths Group Limited is listed on the ASX, and is a constituent of the ASX 200 index.

    You can trade Woolworths as a CFD with City Index.

  • Margin From
    20 %
  • Trading Hours
    11:00:00 PM - 5:00:00 AM
  • Min Trade Size
    1
  • Long
    0
  • Short
    0
  • Min Stop Distance
    0 Points
  • Guaranteed Order Minimum
    10 Points
  • Guaranteed Order Premium
    2 percentage of consideration
  • Spreads
  • Spreads From
    0.00 Points
  • Margins
  • 0 - 1373 000
    20 %
  • 1373 000 +
    50 %
  • Dealing
  • Spreads
    0.00 Points
  • Guaranteed Order Min Distance
    10 Points
  • Margins
  • 0 - 1373 000
    20 %
  • 1373 000 +
    50 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
33.24
Bid
33.17
Offer
33.27
Distance
0
Last Updated: 3/28/2024 7:00:00 AM
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Shares explained

Can you make money from shares?

Yes, you can make money from share trading. Just like any other financial market, you’ll make a profit by closing trades at a more favourable level than when you opened them. If a trade moves against you, on the other hand, you’ll make a loss.

To make consistent profits from share trading you’ll need a solid strategy and plan. We’d always recommend that beginner traders head over to the City Index Academy to learn how the markets work, then try a risk-free City Index demo trading account to test your performance with virtual capital.

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Can I buy and sell shares on the same day?

Yes, there are no minimum holding periods for shares, meaning you can buy and sell them on the same day. So if you’re interested in day trading shares, all you’ll need is a trading account with a regulated provider such as City Index.

By day trading shares, you’ll avoid having to pay overnight financing, a charge incurred for holding a position overnight.

You don’t have to stick to day trading shares, either. The high volatility and liquidity offered by both indices and forex make both asset classes hugely popular among day traders. To try out both without risking any capital, open your free City Index demo trading account.

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Is share trading different to share dealing?

The terms share trading and share dealing are often used interchangeably, but they describe two different approaches to the stock markets. Share trading is short-term speculation using leveraged products, share dealing is longer-term investing.

When you trade shares, you typically use leveraged products such as CFDs to take a view on share prices without taking ownership of the underlying stocks themselves. So you don’t build a portfolio, but instead aim to profit from short-term price movements – which could be up or down.

Share dealing, on the other hand, is the traditional method of buying stocks outright and adding them to your portfolio. This gives you a much longer-term view, and is usually only used to take advantage of upward price movement.

Find out more about the difference between CFD trading and investing.

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