Forex Spread Bet
Spread Betting

Forex Spread Bet

The SpreadBets guide to Forex Spread Betting:
  1. About Forex spread betting
  2. Where can I spread bet on Forex?
  3. How to spread bet on Forex
  4. Where can I find real-time Forex spread betting prices?
  5. Where can I find Forex candlestick charts?
Forex Spread Betting

1. About Forex Spread Betting


Some of the most popular markets in spread betting are the forex markets, perhaps not surprisingly the most frequently traded are Sterling / Dollar, Euro / Sterling, Euro / Dollar and Dollar / Yen.

There are many reasons why you might want to trade the foreign exchange markets:
  • The wide range of forex pairs on offer. This can be a major lure to investors owing to the many different ways in which these pairs can move depending on market conditions.

  • Forex markets can be exciting to trade because of the typically higher volatility associated with currency pairs when compared with ordinary shares or indices. Nevertheless, this same volatility can also work against even the most experienced traders and can lead to quick losses should the market work against you.

  • Forex spread betting is Tax Free*

  • Both buying and selling – you can bet on a currency pair going up or down

  • Spread bets are leveraged. You can win more than your initial stake. Remember though that you can also lose more than your initial investment.
Note that if you are spread trading the Forex markets then using Stop Losses can help restrict your downside.

Forex markets are split into 3 groups:
  • Majors – the most active and widely traded currency pairs eg Euro / Dollar, Dollar / Yen and Euro / Sterling

  • Minors – the less active and less liquid currency pairs which are less popular than the Majors but more popular than Exotics eg Sterling / Canadian Dollar, Australian Dollar / Yen and Dollar / Danish Krone.

  • Exotics – forex pairs that are less broadly traded than any of the Major and Minor currencies eg Dollar / Czech Koruna, Sterling / Hungarian Forint, Dollar / Mexican Peso, Euro / Polish Zloty.
For more information and trading examples on specific currency pairs see:

2. Where can I Financial Spread Bet on Forex?


Financial Spreads Spreadex Capital Spreads IG Index paddypowertrader Tradefair SpreadCo City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily Spreadex Dollar/Yen Daily Capital Spreads Dollar/Yen Daily IG Index Dollar/Yen Daily paddypowertrader Dollar/Yen Daily Tradefair Dollar/Yen Daily SpreadCo Dollar/Yen Daily City Index Dollar/Yen Daily
Dollar/Yen Future Financial Spreads Dollar/Yen Future Spreadex Dollar/Yen Future Capital Spreads Dollar/Yen Future IG Index Dollar/Yen Future paddypowertrader Dollar/Yen Future Tradefair Dollar/Yen Future SpreadCo Dollar/Yen Future City Index Dollar/Yen Future
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily Spreadex Euro/Dollar Daily Capital Spreads Euro/Dollar Daily IG Index Euro/Dollar Daily paddypowertrader Euro/Dollar Daily Tradefair Euro/Dollar Daily SpreadCo Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Dollar Future Financial Spreads Euro/Dollar Future Spreadex Euro/Dollar Future Capital Spreads Euro/Dollar Future IG Index Euro/Dollar Future paddypowertrader Euro/Dollar Future Tradefair Euro/Dollar Future SpreadCo Euro/Dollar Future City Index Euro/Dollar Future
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily Spreadex Euro/Sterling Daily Capital Spreads Euro/Sterling Daily IG Index Euro/Sterling Daily paddypowertrader Euro/Sterling Daily Tradefair Euro/Sterling Daily SpreadCo Euro/Sterling Daily City Index Euro/Sterling Daily
Euro/Sterling Future Financial Spreads Euro/Sterling Future Spreadex Euro/Sterling Future Capital Spreads Euro/Sterling Future IG Index Euro/Sterling Future paddypowertrader Euro/Sterling Future Tradefair Euro/Sterling Future SpreadCo Euro/Sterling Future City Index Euro/Sterling Future
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily Spreadex Sterling/Dollar Daily Capital Spreads Sterling/Dollar Daily IG Index Sterling/Dollar Daily paddypowertrader Sterling/Dollar Daily Tradefair Sterling/Dollar Daily SpreadCo Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Dollar Future Financial Spreads Sterling/Dollar Future Spreadex Sterling/Dollar Future Capital Spreads Sterling/Dollar Future IG Index Sterling/Dollar Future paddypowertrader Sterling/Dollar Future Tradefair Sterling/Dollar Future SpreadCo Sterling/Dollar Future City Index Sterling/Dollar Future
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily Spreadex Sterling/Euro Daily Capital Spreads Sterling/Euro Daily IG Index Sterling/Euro Daily paddypowertrader Sterling/Euro Daily Tradefair Sterling/Euro Daily SpreadCo Sterling/Euro Daily City Index Sterling/Euro Daily
Sterling/Euro Future Financial Spreads Sterling/Euro Future Spreadex Sterling/Euro Future Capital Spreads Sterling/Euro Future IG Index Sterling/Euro Future paddypowertrader Sterling/Euro Future Tradefair Sterling/Euro Future SpreadCo Sterling/Euro Future City Index Sterling/Euro Future
Other Forex Financial Spreads Other Forex Spreadex Other Forex Capital Spreads Other Forex IG Index Other Forex paddypowertrader Other Forex Tradefair Other Forex SpreadCo Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies. Also see Comparison Table Notes.


3. How to Spread Bet on Forex


As with many markets, you can bet on the Foreign Exchange markets, ie you can financial spread bet on Forex prices rising or falling.

At the time of writing, with FinancialSpreads.com, you can bet on the GBP/USD rate being below $2.0221 or closing above $2.0229 on 14-Dec-07.

Note that for the Sterling / US Dollar market, you trade in £X per point, where a point is $0.0001 of GBP/USD movement. For example if your stake was £5 per point and the GBP/USD moves $0.0009 then that would be a £45 difference to your bottom line.

GBP / USD Example

Let's say you check the price and it shows the above spread of $2.0221 - $2.0229.

1) You feel that the GBP / USD (December) should rise above $2.0229
2) So you go long (buy). You invest £5 per point
3) The value increases. You run the spread bet until the settlement day of 14-Dec-07
4) It settles at $2.0245
5) Opening value = $2.0229
6) Profit/loss = ((closing price - opening level) / per point) x stake
7) Profit/loss = (($2.0245 - $2.0229) / $0.0001) x £5 per point stake
8) Profit/loss = ($0.0016 / $0.0001) x £5 per point stake
9) Profit/loss = 16 points x £5 per point
10) Profit/losss = £80

But if the market didn't move as expected and had the GBP / USD rate gone against you and closed lower at 2.0215, then you would have made a loss.

5) Opening price = 2.0229
6) Profit/loss = ((closing level - opening price) / per point) x stake
7) Profit/loss = (($2.0215 - $2.0229) / $0.0001) x £5 per point stake
8) Profit/loss = (-$0.0014 / $0.0001) x £5 per point stake
8) Profit/loss = -14 points x £5 per point
9) Profit/loss = -£70

(Forex prices quoted as of 12-Sep-2007).

4. Where can I find Real-Time Forex Spread Betting Prices?


All of the above companies provide access to real-time indices prices to their account holders.

Note that you may need to log into your account in order to see the live Forex prices.



Advert www.FinancialSpreads.com Narrow Spreads, Free Charts and Live Prices.
No Fees, No Commissions, Spread Bet on Shares, Indices, Forex, Commodities Apply Now.


5. Where can I find Forex Candlestick Charts?

A number of the spread betting companies offer a variety of charts, including candlestick charts. Note that you may need to open an account with the respective company in order to see the charts and/or have full access to real-time charts that you can manipulate. Spread betting accounts are subject to status, terms and conditions.

Candlestick charts are currently available with: Charts may also be available from other spread betting companies.

Example forex charts from Financial Spreads:

Forex Sterling Dollar Candlestick Chart


Example Euro Dollar Candlestick Chart:

Forex Euro Dollar Candlestick Chart


Advert www.FinancialSpreads.com Narrow Spreads, Free Charts and Live Prices.
No Fees, No Commissions, Spread Bet on Shares, Indices, Forex, Commodities Apply Now.



"Forex Spread Bet" last update by RThomas, 03-Sep-2010

Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.


Similar articles:

Currency Spreads - last update: 03-Sep-2010
Currency Spreads - a look at which companies offer the key currency spreads markets as well as some of the trading advantages and >> Currency Spreads.


Forex Spread Bet - last update: 03-Sep-2010
How and where to spread bet on Forex markets >> Forex Spread Bet.


Spread Betting on Sterling / Dollar - last update: 24-Aug-2010
How and where to spread bet on Sterling / Dollar. Also where to find Sterling / Dollar candlestick charts for >> Spread Betting on Sterling / Dollar.


Spread Betting on Dollar / Yen - last update: 24-Aug-2010
How and where to spread bet on Dollar / Yen. Also where to find Dollar / Yen candlestick charts for >> Spread Betting on Dollar / Yen .


Spread Betting on Sterling Yen - last update: 24-Aug-2010
How and where to spread bet on Sterling / Yen. Also where to find Sterling / Yen candlestick charts for >> Spread Betting on Sterling Yen.


Spread Betting on Euro Yen - last update: 24-Aug-2010
How and where to spread bet on Euro / Yen. Also where to find Euro / Yen candlestick charts for >> Spread Betting on Euro Yen.


Spread Betting on Euro / Pound - last update: 24-Aug-2010
How to spread bet on Euro / Pound plus where you can trade Euro / Pound with no brokers fees or commissions >> Spread Betting on Euro / Pound.


Spread Betting on Euro / Dollar - last update: 24-Aug-2010
How to spread bet on Euro Dollar plus where you can spread bet on Euro Dollar with no brokers fees or commissions >> Spread Betting on Euro / Dollar.


Spread Betting on Sterling / Euro - last update: 24-Aug-2010
How and where to spread bet on Sterling/Euro Also where to find Sterling/Euro candlestick charts for >> Spread Betting on Sterling / Euro.


Spread Bets and Euro / Swiss Franc - last update: 24-Aug-2010
How and where to spread bet on Euro / Swiss Franc. Also where to find Euro / Swiss Franc candlestick charts for >> Spread Bets and Euro / Swiss Franc.


Spread Bets and Australian Dollar / US Dollar - last update: 24-Aug-2010
How and where to spread bet on Australian Dollar / US Dollar. Also where to find AUD / USD candlestick charts for >> Spread Bets and Australian Dollar / US Dollar.


Spread Betting on Dollar / Swiss Franc - last update: 24-Aug-2010
How and where to spread bet on Dollar / Swiss Franc. Also where to find Dollar / Swiss Franc candlestick charts for >> Spread Betting on Dollar / Swiss Franc.


Spread Betting on US Dollar / Canadian Dollar - last update: 24-Aug-2010
How and where to spread bet on US Dollar / Canadian Dollar. Also where to find US Dollar / Canadian Dollar candlestick charts for >> Spread Betting on US Dollar / Canadian Dollar.


Spread Betting on Euro / Australian Dollar - last update: 04-Aug-2010
How and where to spread bet on Euro / Australian Dollar. Also where to find Euro / Australian Dollar candlestick charts for >> Spread Betting on Euro / Australian Dollar.


Spread Betting on Australian Dollar / Yen - last update: 04-Aug-2010
How and where to spread bet on Australian Dollar / Yen. Also where to find Australian Dollar/Yen candlestick charts for >> Spread Betting on Australian Dollar / Yen.


Spread Betting on Swiss Franc / Yen - last update: 04-Aug-2010
How and where to spread bet on Swiss Franc/Yen. Also where to find Swiss Franc/Yen candlestick charts for >> Spread Betting on Swiss Franc / Yen.


Spread Betting on New Zealand Dollar / US Dollar - last update: 04-Aug-2010
How and where to spread bet on New Zealand Dollar / US Dollar. Also where to find New Zealand Dollar / US Dollar candlestick charts for >> Spread Betting on New Zealand Dollar / US Dollar.


Spread Betting on Euro / Canadian Dollar - last update: 04-Aug-2010
How and where to spread bet on Euro / Canadian Dollar. Also where to find Euro / Canadian Dollar candlestick charts for >> Spread Betting on Euro / Canadian Dollar.


Spread Betting on Dollar / South African Rand - last update: 04-Aug-2010
How and where to spread bet on Dollar / South African Rand. Also where to find Dollar / South African Rand candlestick charts for >> Spread Betting on Dollar / South African Rand.


Spread Betting on Dollar / Singapore Dollar - last update: 04-Aug-2010
How and where to spread bet on Dollar / Singapore Dollar. Also where to find Dollar / Singapore Dollar candlestick charts for >> Spread Betting on Dollar / Singapore Dollar.


Spread Betting on Dollar / Swedish Krona - last update: 04-Aug-2010
How and where to spread bet on Dollar / Swedish Krona. Also where to find Dollar / Swedish Krona candlestick charts for >> Spread Betting on Dollar / Swedish Krona.


Spread Betting on Dollar / Norwegian Krone - last update: 04-Aug-2010
How and where to spread bet on Dollar / Norwegian Krone. Also where to find Dollar / Norwegian Krone candlestick charts for >> Spread Betting on Dollar / Norwegian Krone.


Spread Betting on Dollar / Danish Krone - last update: 04-Aug-2010
How and where to spread bet on Dollar / Danish Krone. Also where to find Dollar / Danish Krone candlestick charts for >> Spread Betting on Dollar / Danish Krone.


Spread Betting on New Zealand Dollar / Yen - last update: 04-Aug-2010
How and where to spread bet on New Zealand Dollar / Yen. Also where to find New Zealand Dollar / Yen candlestick charts for >> Spread Betting on New Zealand Dollar / Yen.


Spread Betting on New Zealand Dollar / Swiss Franc - last update: 04-Aug-2010
How and where to spread bet on New Zealand Dollar / Swiss Franc. Also where to find New Zealand Dollar / Swiss Franc candlestick charts for >> Spread Betting on New Zealand Dollar / Swiss Franc.


Spread Betting on New Zealand Dollar / Canadian Dollar - last update: 04-Aug-2010
How and where to spread bet on New Zealand Dollar / Canadian Dollar. Also where to find New Zealand Dollar / Canadian Dollar candlestick charts for >> Spread Betting on New Zealand Dollar / Canadian Dollar.


Spread Betting on Pound / South African Rand - last update: 25-Aug-2010
How and where to spread bet on Pound / South African Rand. Also where to find Pound / South African Rand candlestick charts for >> Spread Betting on Pound / South African Rand.


Spread Betting on Pound / Swiss Franc - last update: 25-Aug-2010
How and where to spread bet on Pound / Swiss Franc. Also where to find Pound / Swiss Franc candlestick charts for >> Spread Betting on Pound / Swiss Franc.


Spread Betting on Pound / Canadian Dollar - last update: 25-Aug-2010
How and where to spread bet on Pound / Canadian Dollar. Also where to find Pound / Canadian Dollar candlestick charts for >> Spread Betting on Pound / Canadian Dollar.


Spread Betting on Pound / Australian Dollar - last update: 25-Aug-2010
How and where to spread bet on Pound / Australian Dollar. Also where to find Pound / Australian Dollar candlestick charts for >> Spread Betting on Pound / Australian Dollar.


Spread Betting on Euro / South African Rand - last update: 25-Aug-2010
How and where to spread bet on Euro / South African Rand. Also where to find Euro / South African Rand candlestick charts for >> Spread Betting on Euro / South African Rand.


Spread Betting on Euro / Swedish Krona - last update: 25-Aug-2010
How and where to spread bet on Euro / Swedish Krona. Also where to find Euro / Swedish Krona candlestick charts for >> Spread Betting on Euro / Swedish Krona.


Spread Betting on Euro / New Zealand Dollar - last update: 25-Aug-2010
How and where to spread bet on Euro / New Zealand Dollar. Also where to find Euro / New Zealand Dollar candlestick charts for >> Spread Betting on Euro / New Zealand Dollar.


Spread Betting on Euro / Norwegian Krone - last update: 25-Aug-2010
How and where to spread bet on Euro / Norwegian Krone. Also where to find Euro / Norwegian Krone candlestick charts for >> Spread Betting on Euro / Norwegian Krone.


Spread Betting on Australian Dollar / New Zealand Dollar - last update: 25-Aug-2010
How and where to spread bet on Australian Dollar / New Zealand Dollar. Also where to find Australian Dollar / New Zealand Dollar candlestick charts for >> Spread Betting on Australian Dollar / New Zealand Dollar.


Spread Betting on Australian Dollar / Canadian Dollar - last update: 25-Aug-2010
How and where to spread bet on Australian Dollar / Canadian Dollar. Also where to find Australian Dollar / Canadian Dollar candlestick charts for >> Spread Betting on Australian Dollar / Canadian Dollar.


Spread Betting on Dollar / Polish Zloty - last update: 25-Aug-2010
How and where to spread bet on Dollar / Polish Zloty. Also where to find Dollar / Polish Zloty candlestick charts for >> Spread Betting on Dollar / Polish Zloty.


Spread Betting on Dollar / Mexican Peso - last update: 25-Aug-2010
How and where to spread bet on Dollar / Mexican Peso. Also where to find Dollar / Mexican Peso candlestick charts for >> Spread Betting on Dollar / Mexican Peso.


Spread Betting on Dollar / Hungarian Forint - last update: 25-Aug-2010
How and where to spread bet on Dollar / Hungarian Forint. Also where to find Dollar / Hungarian Forint candlestick charts for >> Spread Betting on Dollar / Hungarian Forint.


Spread Betting on US Dollar / Czech Koruna - last update: 25-Aug-2010
How and where to spread bet on US Dollar / Czech Koruna. Also where to find US Dollar / Czech Koruna candlestick charts for >> Spread Betting on US Dollar / Czech Koruna.


How to Trade the FX Spread Betting Markets - last update: 04-Aug-2010
The recent downgrading of Portugal seems to have been the trigger for further buying of the Euro. It is almost a case of we-know-the-worst-and-we-can-now-move-on. According to Simon Denham of FinancialSpreads.com >> How to Trade the FX Spread Betting Markets.


Spread Betting and the FX Safe Haven Markets - last update: 06-Jul-2010
The markets are looking increasingly nervous and the safe haven currencies are back in vogue. The US Dollar is often seen as a safe haven currency. However US stimulus >> Spread Betting and the FX Safe Haven Markets.


UK Elections v The Sterling Forex Market - last update: 26-Apr-2010
Sterling has been seeing some quite big swings in the run up to the UK Election and it does not look like the markets have quite settled down. Of course you never know what >> UK Elections v The Sterling Forex Market.


Forex Trading and the Weak Euro - last update: 07-Apr-2010
While equity markets remain moribund the currency markets have been the place to trade. The Euro has even hit a new >> Forex Trading and the Weak Euro.


UK Finances and Trading the Sterling Forex Markets - last update: 18-Feb-2010
Despite some good times for those with spread betting accounts, the UK's exodus from the recession has not been strong. The UK recession has been a bit of a >> UK Finances and Trading the Sterling Forex Markets.


Spread Betting on the Pound - US Dollar Market - last update: 12-Feb-2010
The median price for the key Pound/Dollar forex market has been $1.6400 since May 2009. The market has consistently oscillated around the >> Spread Betting on the Pound - US Dollar Market.


Spread Betting on the Euro and Fighting Inflation - last update: 15-Sep-2008
Spread Betting on the Euro >> In the past I have been optimistic about structural inflationary pressure within the UK economy as it has seemed to me that much of the strain has been imposed by products beyond the control of the Bank of England rate control policies. The price of Oil >> Spread Betting on the Euro and Fighting Inflation.


FX Spread Betting - last update: 03-Aug-2010
As it stands the GBP / EUR (December) FX market is 1.4634 - 1.4642 with FinancialSpreads.com, so if >> FX Spread Betting.






Financial Spread Betting Emails
Free Financial Email: Latest Spread Betting Offers and where to find narrow spreads. Click here to sign up.

Spread Betting Companies

City Index

CMC Markets

Financial Spreads

GFT

IG Index

paddypowertrader

Spreadex

Tradefair Account

 
Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.

* Spread betting is tax free in the UK. This tax free status is subject to change and can differ if you pay tax outside the UK.

Home
Spread Betting Daily
Market Report
Share Tips
Spread Bets Blog
Spread Betting Charts
Spread Betting Companies
Capital Spreads
City Index
Financial Spreads
GFT
IG Index
paddypowertrader
ProSpreads
ShortsandLongs
SpreadCo
Spreadex
TD Waterhouse
Tradefair
Spread Betting Directory
Spread Betting Reports
Spread Betting Tips
Spread Bet Emails
Spread Bet on Shares
Spread Bet on Indices
Spread Bet on FTSE 100
Spread Bet on Wall St
Spread Bet on Dax 30
Spread Bet on Forex
Spread Bet on Euro / Dollar
Spread Bet on Euro / Pound
Spread Bet on Pound / Dollar
Spread Bet on Commodities
Spread Bet on Crude Oil
Spread Bet on Gold