Spread Betting on EUR / AUD

Where to Spread Bet on EUR / AUD

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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Spread Betting on EUR / AUD

The Spread Betting Market:	EUR / AUD Rolling Daily
Spread Betting Price:	A$1.24885 - A$1.24965
How the Trade Works:	You can spread bet on the EUR / AUD Rolling Daily market going:   Above A$1.24965, or   Below A$1.24885 This is a Rolling Daily market and so there is no final closing date for this trade. If you haven't closed your position and the session ends then your position will roll over to the next trading day. Note that if a trade is rolled over then you will normally either receive or be charged a small fee for overnight financing based on the direction of your spread bet. To learn more see Rolling Spread Betting.
Trading Units:	Forex spread betting trades on the EUR / AUD market are made in £x per point. Where a point is A$0.00010 of the forex market's price movement. E.g. if EUR / AUD changes by A$0.00550 then you would win/lose 55 multiples of your stake.
Stake per Unit:	You choose how much you want to trade per point, e.g. £1 per point, £3 per point, £8 per point etc.
Quick Staking Exercise:	As an example, if you have a stake of £4 per point and EUR / AUD moves A$0.00310 (31 points), you would gain or lose £4 per point x 31 points = £124.

Worked Trading Example | Taking a Long Position on EUR / AUD

You Now Choose to Buy or Sell:	EUR / AUD to go:   Above A$1.24965? or   Below A$1.24885?
You Might Choose to Go Long:	Above A$1.24965
You Decide Your Stake Size, Let's Say You Choose:	£4 per point
So What Now?	You make £4 for every point (A$0.00010) EUR / AUD goes above A$1.24965 Your trade loses £4 for each point (A$0.00010) EUR / AUD moves lower than A$1.24965
When Going Long of a Market Your Trading P&L =	(Settlement Level - Opening Level) x stake per point
Trading Situation 1	EUR / AUD climbs and the spread betting market is adjusted to A$1.25215 - A$1.25295.
Time to Take Your Profit?	You could choose to let your spread bet run or close it, i.e. close your trade for a profit. In this instance you choose to close your bet by selling the market at A$1.25215.
Your Trading P&L =	(Settlement Level - Opening Level) x stake per point
	(A$1.25215 - A$1.24965) x £4 per point (£4 per A$0.00010)
	A$0.00250 x £4 per point
	25 points x £4 per point
Your Trading P&L =	£100.00 profit
Trading Situation 2	EUR / AUD drops and the financial spread betting market adjusts and moves to A$1.24746 - A$1.24826.
Limit the Loss?	You may choose to leave your trade open or close it, i.e. close your spread bet and limit your losses. In this example you choose to close your bet and sell the market at A$1.24746.
Your Trading P&L =	(Settlement Level - Opening Level) x stake per point
	(A$1.24746 - A$1.24965) x £4 per point (£4 per A$0.00010)
	-A$0.00219 x £4 per point
	-21.9 points x £4 per point
Your Trading P&L =	-£87.60 loss

Fully Worked Example | Selling EUR / AUD

You Choose Whether to Go Long or Short:	EUR / AUD to move:   Above A$1.24965? or   Below A$1.24885?
You Might Want to Sell:	Below A$1.24885
You Choose Your Stake Size, Let's Say You Opt For:	£3 per point
What Happens Now?	Your trade loses £3 for each point (A$0.00010) EUR / AUD moves above A$1.24885 You make £3 for each point (A$0.00010) EUR / AUD decreases below A$1.24885
When You Sell a Spread Bet Your Trading P&L =	(Opening Level - Settlement Level) x stake per point
Trading Situation 3	EUR / AUD goes lower and the market moves to A$1.24368 - A$1.24448.
Close for a Profit?	At this point, you could opt to leave your spread bet open or close it in order to take a profit. In this instance you opt to close your position by buying the market at A$1.24448.
Your Trading P&L =	(Opening Level - Settlement Level) x stake per point
	(A$1.24885 - A$1.24448) x £3 per point (£3 per A$0.00010)
	A$0.00437 x £3 per point
	43.7 points x £3 per point
Your Trading P&L =	£131.10 profit
Trading Situation 4	EUR / AUD moves higher and the spread trading market is adjusted and moved to A$1.25187 - A$1.25267.
Close and Limit Your Loss?	At this point, you may decide to leave your bet open or close it in order to restrict your losses. In this instance you opt to settle your trade and buy the market at A$1.25267.
Your Trading P&L =	(Opening Level - Settlement Level) x stake per point
	(A$1.24885 - A$1.25267) x £3 per point (£3 per A$0.00010)
	-A$0.00382 x £3 per point
	-38.2 points x £3 per point
Your Trading P&L =	-£114.60 loss

EUR / AUD Notes:

• Online spread betting price obtained from Capital Spreads as of 28 February 2012
  
  
• Investors could also choose to speculate on EUR / AUD in euros per point and dollars per point
  
  
• In addition, financial spread trading also lets you take positions on a wide variety of other financial markets, for more information read:
  
  
  • Index Spread Trading
  • Spread Betting on Forex Markets
  • Commodity Market Financial Spread Betting

Demo Accounts for Spread Betting on EUR / AUD

Spread Betting
Demo Account

Spread Betting on Forex