The following tables show were you can spread bet on a range of Currencies markets.
Spread Betting Currency Markets 'Majors':
Dollar/Yen
Euro/Dollar
Euro/Pound
Euro/Yen
Pound/Dollar
Pound/Euro
Other Forex Majors?
Currency spread betting markets may also be available through other companies. Notes.
Spread Betting Currency Markets 'Minors':
Euro / Swedish Krona
Euro / South African Rand
Pound / Australian Dollar
US Dollar / Singapore Dollar
Other Forex Minors?
Currency spread betting markets may also be available through other companies. Notes.
Spread Betting Currency Markets 'Exotics':
Dollar / Polish Zloty
Dollar / Mexican Peso
Dollar / Czech Koruna
Other Forex Exotics?
Currency spread betting markets may also be available through other companies. Notes.
2) Where can I find Real-time Spread Betting Prices for Currencies Markets?
Please see the above tables. Where a company offers the relevant market they will also provide clients with live prices on that market.
3) Where can I find Live Charts / Candlestick Charts for Currencies Markets?
Spread betting companies often offer a variety of free data to their clients (accounts are subject to status, terms and conditions).
The most popular data, apart from live prices, tends to be the candlestick charts. The time period of the charts can usually be varied. You can often alter the candlestick charts to show market movements in the order of 1 minute, 2 minutes, 5 minutes, 10minutes, 1 hour, 1 day or 1 week periods.
With a number of the charts you can also update the settings to help your technical analysis. For example you can add Bollinger Bands and 20, 50 and 100 point Moving Averages.
Candlestick charts are currently available with:
Trading Charts?
Spread betting charts may also be available from other companies. Notes.
Sample candlestick charts from Financial Spreads:
4) How do you Spread Bet on Currencies Markets to Go Up?
Pound/Euro Spread Betting Example
If you decide to spread trade on a foreign exchange pair like the Pound/Euro then, looking at a spread betting site like Capital Spreads, you might find a spread betting price of £1.1240 - £1.1244.
Therefore, you could bet on the Pound/Euro to go above £1.1244 or below £1.1240.
When spread betting, you bet on every unit the market increases or decreases; with the Pound/Euro market a unit is £0.0001 of the forex pair's price movement.
As an example, you could choose to trade £2 for every £0.0001 the Pound/Euro rises or falls.
Spread Betting on the Market to Increase
If you were to go long of the Pound/Euro at £1.1244 and the forex pair went up then the spread could change to £1.1295 - £1.1299. Assuming this was the case, you might decide to take your profits by closing your spread bet at £1.1295.
Your P&L = (closing price of the market - initial price of the market) x stake per £0.0001
Your P&L = (£1.1295 - £1.1244) x £2 per £0.0001 stake
Your P&L = £0.0051 x £2 per £0.0001
Your P&L = £102 profit
Conversely, if the market had moved down to £1.1199 - £1.1203, you may decide to close your bet to restrict your losses. If that happened, you would sell the market at £1.1199.
You would do this with the same £2 per £0.0001 stake:
Your P&L = (closing price of the market - initial price of the market) x stake per £0.0001
Your P&L = (£1.1199 - £1.1244) x £2 per £0.0001 stake
Your P&L = -£0.0045 x £2 per £0.0001
Your P&L = -£90 loss
5) How do you Spread Bet on Currencies Markets to Go Down?
A major benefit of spread trading is that investors can go short of the markets.
In the BA example above the initial spread was 203.4p - 204.0p.
Spread Betting on the Market to Decrease
A benefit of spread betting is that you can sell the markets.
At the start of the example, the price was £1.1240 - £1.1244.
If you were to sell the Pound/Euro at £1.1240 and the forex pair fell then the spread could become £1.1190 - £1.1194. If that were to happen, you might decide to take your profits by closing your spread bet at £1.1194.
Your P&L = (initial price of the market - closing price of the market) x stake per £0.0001
Your P&L = (£1.1240 - £1.1194) x £2 per £0.0001 stake
Your P&L = £0.0046 x £2 per £0.0001
Your P&L = £92 profit
Markets can also rise, if the market had risen to £1.1276 - £1.1280, you might want to close your spread bet to prevent further losses. If so, you would buy at £1.1280.
With the same £2 per £0.0001 stake:
Your P&L = (initial price of the market - closing price of the market) x stake per £0.0001
Your P&L = (£1.1240 - £1.1280) x £2 per £0.0001 stake
Your P&L = -£0.0040 x £2 per £0.0001
Your P&L = -£80 loss
Pound/Euro Rolling Daily spread betting market accurate as of 17-Dec-09.
Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.
'Currency Spreads', Guide by D. Jones, last update: 31-Aug-10
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Trade the tightest FTSE spreads available² & find a range of benefits at:
FinancialSpreads.com
£1 per point: Start trading £1 per point/tick & an initial deposit of £30
Multiple markets: Forex , Commodities, Indices & Equities
Risk Warning - Spread betting carries a high level of risk to your capital & you may lose more than your initial investment. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seek financial advice where necessary & make sure spread betting meets your investment objectives.
(1) The FTSE Rolling Daily Spread is 1 tick during market hours & 4 ticks out of hours. 1 Tick is defined as a full FTSE point. See our Product Information for more details. (2) The above information is correct at time of writing. (3) Tax Law can change.
FinancialSpreads.com is a trading name of London Capital Group Ltd which is authorised & regulated by the Financial Services Authority (FSA). Registered address: is 4th Floor, 12 Appold Street, London EC2A 2AW. All information correct at time of publication.
Risk Warning:
Spread Betting carries a high level of risk
to your capital and you can lose more than your initial investment,
it may not be suitable for all investors. Ensure you only
speculate with money that you can afford to lose and that you fully
understand the risks involved and seek independent financial advice where necessary.
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