Spread Betting on CHF / JPY

Where to Spread Bet on CHF / JPY

Forex
EUR/USD (spread size)	1	0.8	1	1	1	2	1
GBP/USD (spread size)	2	0.8	2	2	2	3	2
Forex (min stake)	£1	£1	£0.50	£1	£0.50	£0.50	£1
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How to Spread Trade CHF / JPY

Market	CHF / JPY Rolling Daily
The Spread	¥89.647 - ¥89.677
How the Market Works	You can speculate on the CHF / JPY Rolling Daily market to move:   Higher than ¥89.677, or   Lower than ¥89.647 This is a 'Rolling Daily' trade meaning that it does not have a final closing date. If you decide not to close your position and the trading session ends then your trade will roll over to the next trading session. Note: if a trade is rolled over then you will either be charged or credited for overnight financing depending on whether you are betting on the market to fall or rise. For additional details also see Rolling Daily Spread Bets.
Trading Units	Spread bets on the CHF / JPY market are made in £x per point. Where a point is ¥0.010 of the FX market's price movement. E.g. if CHF / JPY moves by ¥0.450 then you would win or lose 45 times your stake.
Stake per Unit	You decide what to risk per point, e.g. £1 per point, £5 per point, £10 per point etc.
Staking Example	As an example, if your stake is £2 per point and CHF / JPY changes by ¥0.230 (23 points), you would win / lose £2 per point x 23 points = £46.

Worked Example | Buying CHF / JPY

You Now Consider Whether to Buy or Sell	CHF / JPY moving:   Higher than ¥89.677? or   Lower than ¥89.647?
Let’s Assume You Choose to Go Long	Higher than ¥89.677
You Select Your Stake, Let's Assume You Select	£2 per point
So Now What Happens?	You will make £2 for each point (¥0.010) CHF / JPY moves higher than ¥89.677 Your spread bet loses £2 for every point (¥0.010) CHF / JPY decreases below ¥89.677
When Buying a Spread Bet Your Trading Profits/Losses =	(Final Level - Initial Level) x stake per point
Situation 1	CHF / JPY moves higher and the financial spread betting market is adjusted and moved to ¥90.260 - ¥90.290.
Time to Lock in Your Profit?	You can decide to let your trade run or close it in order to take a profit. In this example you opt to close your position by selling at ¥90.260.
Your Trading Profits/Losses =	(Final Level - Initial Level) x stake per point
	(¥90.260 - ¥89.677) x £2 per point (£2 per ¥0.010)
	¥0.583 x £2 per point
	58.3 points x £2 per point
Your Trading Profits/Losses =	£116.60 profit
Situation 2	CHF / JPY falls and the forex spread trading spread trading market moves to ¥89.040 - ¥89.070.
Limit Your Loss?	You can decide to keep your trade open or close it, i.e. close your trade to restrict your loss. For this example, you decide to close your trade and sell the market at ¥89.040.
Your Trading Profits/Losses =	(Final Level - Initial Level) x stake per point
	(¥89.040 - ¥89.677) x £2 per point (£2 per ¥0.010)
	-¥0.637 x £2 per point
	-63.7 points x £2 per point
Your Trading Profits/Losses =	-£127.40 loss

Worked Trading Example | Taking a Bearish View of CHF / JPY

You Now Consider Whether to Go Long or Short	CHF / JPY to push:   Higher than ¥89.677? or   Lower than ¥89.647?
You Might Choose to Sell	Lower than ¥89.647
You Choose Your Stake Size, Opting for	£1 per point
What Next?	Your spread bet loses £1 for every point (¥0.010) CHF / JPY pushes higher than ¥89.647 You will make £1 for every point (¥0.010) CHF / JPY decreases lower than ¥89.647
When Betting on a Market to Decrease Your Trading Profits/Losses =	(Initial Level - Final Level) x stake per point
Situation 3	CHF / JPY slips and the market changes to ¥88.656 - ¥88.686.
Take Your Profit?	At this point, you could choose to keep your bet open or close it for a profit. In this instance you choose to settle your position by buying the market at ¥88.686.
Your Trading Profits/Losses =	(Initial Level - Final Level) x stake per point
	(¥89.647 - ¥88.686) x £1 per point (£1 per ¥0.010)
	¥0.961 x £1 per point
	96.1 points x £1 per point
Your Trading Profits/Losses =	£96.10 profit
Situation 4	CHF / JPY increases and the spread betting market is adjusted to ¥90.667 - ¥90.697.
Limit the Loss?	You may choose to let your position run or close it to restrict your losses. For this example, you choose to close your trade and buy the market at ¥90.697.
Your Trading Profits/Losses =	(Initial Level - Final Level) x stake per point
	(¥89.647 - ¥90.697) x £1 per point (£1 per ¥0.010)
	-¥1.050 x £1 per point
	-105 points x £1 per point
Your Trading Profits/Losses =	-£105.00 loss

CHF / JPY Notes:

• Financial spread trading market price from Tradefair on 28 February 2012
  
  
• Investors could also financial spread bet on CHF / JPY in euros/point and dollars/point
  
  
• In addition, spread betting also lets you speculate on a broad range of other asset classes, also refer to:
  
  
  • Indices Spread Betting
  • Foreign Exchange Spread Trading
  • Commodity Spread Betting

Demo Accounts for Spread Betting on CHF / JPY

Spread Betting
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Spread Betting on Forex