Spread Betting on GBP / CAD

Where to Spread Bet on GBP / CAD

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 Financial Spread Bet on GBP / CAD

Market:	GBP / CAD Rolling Daily
The Spread Betting Quote:	C$1.57996 - C$1.58096
How the Trade Works:	You can speculate on the GBP / CAD Rolling Daily market to push:   Above C$1.58096, or   Below C$1.57996 This is a Rolling Daily market and so there is no settlement date. If you decide not to close your position and the session ends then your trade will roll over into the next session. Note that if a trade does roll over then you will normally either be debited or credited for overnight financing based on whether you are betting on the market to go down or up. For further details also see Rolling Spread Bets.
Units Traded:	Bets on the GBP / CAD market are priced in £x per point. Where a point is C$0.00010 of the currency market's price movement. E.g. if GBP / CAD moves by C$0.00350 then you would lose or gain 35 multiples of your stake.
Stake per Unit:	You work out how much you would like to risk per point, e.g. £1 per point, £4 per point, £8 per point etc.
Quick Staking Example:	If, as an example, you decided on a stake of £4 per point and GBP / CAD changes by C$0.00240 (24 points), you would lose/win £4 per point x 24 points = £96.

Worked Example | Taking a Bullish View of GBP / CAD

You Now Decide to Buy or Sell:	GBP / CAD moving:   Above C$1.58096? or   Below C$1.57996?
Let’s Assume You Buy:	Above C$1.58096
You Decide How Much to Risk, Let's Say You Opt For:	£3 per point
What Happens Now?	You will make £3 for each point (C$0.00010) GBP / CAD moves higher than C$1.58096 You will lose £3 for every point (C$0.00010) GBP / CAD goes below C$1.58096
When Spread Betting on a Market to Rise Your Trading Profits (or Losses) =	(Closing Value - Initial Value) x stake per point
Example 1	GBP / CAD pushes higher and the financial spread betting market is adjusted and moved to C$1.58531 - C$1.58631.
Time to Take a Profit?	You may opt to keep your spread bet open or close it in order to lock in a profit. For this example, you decide to settle your bet by selling the market at C$1.58531.
Your Trading Profits (or Losses) =	(Closing Value - Initial Value) x stake per point
	(C$1.58531 - C$1.58096) x £3 per point (£3 per C$0.00010)
	C$0.00435 x £3 per point
	43.5 points x £3 per point
Your Trading Profits (or Losses) =	£130.50 profit
Example 2	GBP / CAD pushes lower and the forex spread betting market is moved to C$1.57622 - C$1.57722.
Time to Restrict Your Loss?	You could opt to leave your spread bet open or close it, i.e. close your trade and restrict your losses. In this instance you opt to close your position by selling at C$1.57622.
Your Trading Profits (or Losses) =	(Closing Value - Initial Value) x stake per point
	(C$1.57622 - C$1.58096) x £3 per point (£3 per C$0.00010)
	-C$0.00474 x £3 per point
	-47.4 points x £3 per point
Your Trading Profits (or Losses) =	-£142.20 loss

Worked Spread Betting Example | Taking a Short Position on GBP / CAD

You Choose Whether to Buy or Sell:	GBP / CAD to move:   Above C$1.58096? or   Below C$1.57996?
Let's Assume You Decide to Go Short:	Below C$1.57996
You Choose Your Stake Size, Let's Say You Select:	£2 per point
So What Now?	You will lose £2 for every point (C$0.00010) GBP / CAD increases above C$1.57996 You will make £2 for every point (C$0.00010) GBP / CAD moves below C$1.57996
When Betting on a Market to Go Down Your Trading Profits (or Losses) =	(Initial Value - Closing Value) x stake per point
Example 3	GBP / CAD decreases and the spread trading market is revised to C$1.57396 - C$1.57496.
Close and Take a Profit?	At this point, you could choose to let your position run or close it in order to lock in your profit. For this example, you choose to close your bet and buy at C$1.57496.
Your Trading Profits (or Losses) =	(Initial Value - Closing Value) x stake per point
	(C$1.57996 - C$1.57496) x £2 per point (£2 per C$0.00010)
	C$0.00500 x £2 per point
	50 points x £2 per point
Your Trading Profits (or Losses) =	£100.00 profit
Example 4	GBP / CAD rises and the spread betting market moves to C$1.58441 - C$1.58541.
Restrict Your Loss?	At this point, you can choose to leave your spread bet open or close it in order to restrict your losses. In this case you decide to close your bet by buying at C$1.58541.
Your Trading Profits (or Losses) =	(Initial Value - Closing Value) x stake per point
	(C$1.57996 - C$1.58541) x £2 per point (£2 per C$0.00010)
	-C$0.00545 x £2 per point
	-54.5 points x £2 per point
Your Trading Profits (or Losses) =	-£109.00 loss

GBP / CAD Notes:

• Financial spread betting market price from CapitalSpreads on 28 February 2012
  
  
• Most spread betting firms will also let you trade on GBP / CAD in euros/point and US dollars/point
  
  
• Financial spread betting also lets you speculate on the movement of a broad range of other asset classes. To learn more refer to:
  
  
  • Stock Market Spread Trading
  • Spread Betting on Currencies
  • Commodities Financial Spread Betting

Demo Accounts for Spread Betting on GBP / CAD

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