USD vs NOK Spread Bets





Also see Live USDNOK chart below.



Where Can I Spread Bet on USDNOK?

You can put trades on USDNOK with the following spread betting firms:

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


Live USDNOK Chart




Live USDNOK Chart




Where Can I Get Live Spread Betting Prices and Charts for USDNOK?

The chart above offers a handy look at how the market is behaving.

Of course, for investors that are financial spread betting on USDNOK, the above providers offer real-time prices and charts with more technical analysis features.

Example spread betting chart from FinancialSpreads:

USD vs NOK Spread Bets - Example Chart



USDNOK Spread Betting Example

USD vs NOK Spread Bets
If you’re thinking about spread betting on a forex pair like USDNOK then, on visiting a company like InterTrader.com, you might find a price of kr 6.19462 – kr 6.19962.

This means you could speculate on USDNOK to go higher than kr 6.19962 or to go lower than kr 6.19462.

If you are spread betting, you speculate on every unit the market rises or falls. In this case, with the USDNOK market a unit is kr 0.00010 of the pair’s price movement.

With this example, let’s say you choose to bet £2 for every kr 0.00010 USDNOK goes up or down.


Spread Betting on the Market to Go Up

If you were to buy USDNOK at kr 6.19962 and the pair rose then you might see the price move to kr 6.20706 – kr 6.21206. If that were to happen, you could close your trade by selling at kr 6.20706.

Your Profits (or Losses) = (final price of the market – initial price of the market) x stake per kr 0.00010
Your Profits (or Losses) = (kr 6.20706 – kr 6.19962) x £2 per kr 0.00010 stake
Your Profits (or Losses) = kr 0.00744 x £2 per kr 0.00010
Your Profits (or Losses) = £148.80 profit

Markets can also fall, if the pair were to fall to kr 6.19156 – kr 6.19656, you may want to close your position to limit your losses. If this were the case, you would make a sell trade at kr 6.19156.

You would close your bet with the same £2 per kr 0.00010 stake:

Your Profits (or Losses) = (final price of the market – initial price of the market) x stake per kr 0.00010
Your Profits (or Losses) = (kr 6.19156 – kr 6.19962) x £2 per kr 0.00010 stake
Your Profits (or Losses) = -kr 0.00806 x £2 per kr 0.00010
Your Profits (or Losses) = -£161.20 loss


Spread Betting on the Market to Go Down

One of the advantages of spread betting is that investors can short the markets, i.e. speculate that the markets will fall.

The original market was kr 6.19462 – kr 6.19962.

If you shorted USDNOK at kr 6.19462 and the pair fell then the quote could become kr 6.18144 – kr 6.18644. Therefore, you could close your bet at kr 6.18644.

Your Profits (or Losses) = (initial price of the market – final price of the market) x stake per kr 0.00010
Your Profits (or Losses) = (kr 6.19462 – kr 6.18644) x £2 per kr 0.00010 stake
Your Profits (or Losses) = kr 0.0082 x £2 per kr 0.00010
Your Profits (or Losses) = £163.60 profit

The markets can of course rise, if the pair increased to, as an example, kr 6.19848 – kr 6.20348, you might want to close your position to restrict your losses. If that happened, you would buy the market at kr 6.20348.

So, with the same £2 per kr 0.00010 stake:

Your Profits (or Losses) = (initial price of the market – final price of the market) x stake per kr 0.00010
Your Profits (or Losses) = (kr 6.19462 – kr 6.20348) x £2 per kr 0.00010 stake
Your Profits (or Losses) = -kr 0.00886 x £2 per kr 0.00010
Your Profits (or Losses) = -£177.20 loss


USDNOK Rolling Daily spread betting prices quoted as of 25-Jul-14.

Please note that this is a rolling daily spread bet. This type of trade does not have a fixed expiry date and instead rolls over to the next trading day automatically. If it does rollover, then you may receive a small credit or incur a small financing cost. For more information, please see rolling daily spread betting markets.



USDNOK Practice Accounts

The following companies also offer practice accounts, i.e. accounts you can use to have a go at spread betting on USDNOK without risking your funds.



User Questions and Answers on USDNOK

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