Spread Betting on EUR / USD

Where to Spread Bet on EUR / USD

Forex
EUR/USD (spread size)	1	0.8	1	1	0.7††	2	1
GBP/USD (spread size)	2	0.8	2	2	0.9††	3	2
Forex (min stake)	£1	£1	£0.50	£1	£1	£0.50	£1
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A Guide to Spread Betting on EUR / USD

Spread Betting Market:	EUR / USD Rolling Daily
Spread Betting Price:	$1.35860 - $1.35870
This Means That:	You can speculate on the EUR / USD Rolling Daily market to go:   Higher than $1.35870, or   Lower than $1.35860 This is a 'Rolling Daily' spread betting market meaning that it does not have an expiry date. If you decide not to close your position and the session ends then your trade will automatically roll over to the next session. Note that if a trade rolls over then you will normally either pay or receive a small fee for overnight financing depending on whether you are speculating on the market to go down or up. To learn more see Rolling Daily Spread Bets.
Units Traded:	Spread bets on the EUR / USD market are priced in £x per point. Where a point is $0.00010 of the forex pair's price movement. E.g. if EUR / USD market moves by $0.00450 then you would gain or lose 45 multiples of your stake.
Stake Size:	You work out your stake per point, e.g. £1 per point, £3 per point, £10 per point, £15 per point etc.
Brief Staking Exercise:	If, for example, you decided on a stake of £3 per point and EUR / USD moves $0.00300 (30 points), you would win or lose £3 per point x 30 points = £90.

Spread Betting Example | Going Long of EUR / USD

You Decide to Go Long or Short:	EUR / USD to push:   Higher than $1.35870? or   Lower than $1.35860?
Let’s Assume You Decide to Go Long:	Higher than $1.35870
You Choose Your Stake Size, Let's Say You Opt For:	£3 per point
Now What Happens?	You will gain £3 for each point ($0.00010) EUR / USD goes higher than $1.35870 You will lose £3 for every point ($0.00010) EUR / USD drifts lower than $1.35870
When Going Long of a Market Your P/L =	(Final Price - Initial Price) x stake per point
Example 1	EUR / USD moves higher and the market is revised and is set at $1.36346 - $1.36356.
Time to Take a Profit?	You could decide to leave your spread bet open or close it and lock in your profit. In this instance you opt to close your forex trade by selling the market at $1.36346.
Your P/L =	(Final Price - Initial Price) x stake per point
	($1.36346 - $1.35870) x £3 per point (£3 per $0.00010)
	$0.00476 x £3 per point
	47.6 points x £3 per point
Your P/L =	£142.80 profit
Example 2	EUR / USD moves lower and the forex spread betting market becomes $1.35462 - $1.35472.
Time to Restrict Your Loss?	At this point, you may decide to leave your bet open or close it to restrict your losses. In this case you opt to settle your position and sell at $1.35462.
Your P/L =	(Final Price - Initial Price) x stake per point
	($1.35462 - $1.35870) x £3 per point (£3 per $0.00010)
	-$0.00408 x £3 per point
	-40.8 points x £3 per point
Your P/L =	-£122.40 loss

Trading Example | Taking a Short Position on EUR / USD

You Work Out Whether to Go Long or Short:	EUR / USD to go:   Higher than $1.35870? or   Lower than $1.35860?
Let's Assume You Sell:	Lower than $1.35860
You Decide Your Stake, Selecting:	£2 per point
So What Next?	You will lose £2 for every point ($0.00010) EUR / USD increases higher than $1.35860 You will gain £2 for every point ($0.00010) EUR / USD goes below $1.35860
When You Go Short With a Spread Bet Your P/L =	(Initial Price - Final Price) x stake per point
Example 3	EUR / USD pushes lower and the forex spread betting market is moved to $1.35327 - $1.35337.
Time to Lock in Your Profit?	At this point, you may opt to leave your spread bet open or close it in order to lock in a profit. For this example, you opt to close your position and buy the market at $1.35337.
Your P/L =	(Initial Price - Final Price) x stake per point
	($1.35860 - $1.35337) x £2 per point (£2 per $0.00010)
	$0.00523 x £2 per point
	52.3 points x £2 per point
Your P/L =	£104.60 profit
Example 4	EUR / USD pushes higher and the financial spread betting market is revised and changes to $1.36298 - $1.36308.
Limit the Loss?	At this point, you could decide to let your bet run or close it, i.e. close your spread bet and restrict your loss. In this instance you opt to settle your bet by buying at $1.36308.
Your P/L =	(Initial Price - Final Price) x stake per point
	($1.35860 - $1.36308) x £2 per point (£2 per $0.00010)
	-$0.00448 x £2 per point
	-44.8 points x £2 per point
Your P/L =	-£89.60 loss

EUR / USD Notes:

• Financial spread betting market price from Financial Spreads: 9 November 2011
  
  
• Many spread betting companies also give you the option of speculating on EUR / USD in euros per point and US dollars per point
  
  
• Spread trading also lets you trade on a large variety of other asset classes, for more information also refer to:
  
  
  • Index Financial Spread Betting
  • Forex Markets Spread Betting
  • Spread Betting on Shares
  • Spread Betting on Commodity Markets

Demo Accounts for Spread Betting on EUR / USD

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Spread Betting on Forex