Spread Betting on USD / SEK

Where to Spread Bet on USD / SEK

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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A Guide to Spread Betting on USD / SEK

Market	USD / SEK Rolling Daily
The Spread	6.57467 kr - 6.57967 kr
This Means	Now you can spread bet on the USD / SEK Rolling Daily market to move:   Above 6.57967 kr, or   Below 6.57467 kr This is a Rolling Daily market and so there is no settlement date for this trade. If you decide not to close your position and the trading session ends then your position will roll over to the next trading day. If a trade is rolled over then you will either be charged or receive a small fee for overnight financing based upon whether you are betting on the market to move higher or lower. For more information see Rolling Daily Spread Bets.
Traded Units	Financial spread bets on the USD / SEK market are priced in £x per point. Where a point is 0.00010 kr of the FX market's price movement. E.g. if USD / SEK moves 0.00450 kr then you would win/lose 45 times your stake.
Trade Size	You choose how much you want to stake per point, e.g. £2 per point, £5 per point, £20 per point etc.
Brief Staking Exercise	For example, if you had a stake of £4 per point and USD / SEK changes by 0.00300 kr (30 points), you would lose or win £4 per point x 30 points = £120.

Worked Trading Example | Going Long of USD / SEK

You Now Choose Whether to Go Long or Short	USD / SEK moving:   Above 6.57967 kr? or   Below 6.57467 kr?
Let’s Assume You Want to Buy	Above 6.57967 kr
You Select How Much to Risk, Let's Assume You Select	£1 per point
What Now?	You will make a profit of £1 for every point (0.00010 kr) USD / SEK pushes above 6.57967 kr You will lose £1 for each point (0.00010 kr) USD / SEK pushes lower than 6.57967 kr
If You Are Speculating on a Market to Increase Your Trading Profits/Losses =	(Settlement Value - Opening Value) x stake per point
Trading Situation 1	USD / SEK climbs and the forex spread betting market is revised and is set at 6.58954 kr - 6.59454 kr.
Time to Take a Profit?	You can decide to keep your bet open or close it, i.e. close your position to lock in a profit. In this example you decide to close your position and sell at 6.58954 kr.
Your Trading Profits/Losses =	(Settlement Value - Opening Value) x stake per point
	(6.58954 kr - 6.57967 kr) x £1 per point (£1 per 0.00010 kr)
	0.00987 kr x £1 per point
	98.7 points x £1 per point
Your Trading Profits/Losses =	£98.70 profit
Trading Situation 2	USD / SEK pushes lower and the spread betting market moves to 6.56816 kr - 6.57316 kr.
Close and Limit the Loss?	At this point, you may decide to leave your position open or close it, i.e. close your trade to limit your losses. In this example you choose to close your bet by selling the market at 6.56816 kr.
Your Trading Profits/Losses =	(Settlement Value - Opening Value) x stake per point
	(6.56816 kr - 6.57967 kr) x £1 per point (£1 per 0.00010 kr)
	-0.01151 kr x £1 per point
	-115.1 points x £1 per point
Your Trading Profits/Losses =	-£115.10 loss

Fully Worked Example | Taking a Bearish View of USD / SEK

You Now Choose to Buy or Sell	USD / SEK going:   Above 6.57967 kr? or   Below 6.57467 kr?
Let's Say You Want to Sell	Below 6.57467 kr
You Decide Your Stake, Choosing	£1 per point
So What Next?	You will lose £1 for each point (0.00010 kr) USD / SEK pushes higher than 6.57467 kr You will make a profit of £1 for each point (0.00010 kr) USD / SEK pushes below 6.57467 kr
When Betting on a Market to Fall Your Trading Profits/Losses =	(Opening Value - Settlement Value) x stake per point
Trading Situation 3	USD / SEK decreases and the market adjusts and moves to 6.55734 kr - 6.56234 kr.
Time to Take Your Profit?	At this point, you could choose to keep your bet open or close it, i.e. close your spread bet for a profit. For this example, you choose to settle your trade and buy the market at 6.56234 kr.
Your Trading Profits/Losses =	(Opening Value - Settlement Value) x stake per point
	(6.57467 kr - 6.56234 kr) x £1 per point (£1 per 0.00010 kr)
	0.01233 kr x £1 per point
	123.3 points x £1 per point
Your Trading Profits/Losses =	£123.30 profit
Trading Situation 4	USD / SEK rises and the spread trading market is revised to 6.58405 kr - 6.58905 kr.
Restrict Your Loss?	You may decide to keep your bet open or close it, i.e. close your trade and limit your loss. In this example you opt to close your trade and buy at 6.58905 kr.
Your Trading Profits/Losses =	(Opening Value - Settlement Value) x stake per point
	(6.57467 kr - 6.58905 kr) x £1 per point (£1 per 0.00010 kr)
	-0.01438 kr x £1 per point
	-143.8 points x £1 per point
Your Trading Profits/Losses =	-£143.80 loss

USD / SEK Notes:

• Online spread betting prices as per Capital Spreads, 28 February 2012
  
  
• Many spread betting companies also allow you to financial spread bet on USD / SEK in euros per point and US dollars per point
  
  
• In addition, spread betting also lets you speculate on the movement of a large variety of other assets, for more details read:
  
  
  • Indices Spread Betting
  • Spread Betting on FX Markets
  • Financial Spread Betting on Commodities

Demo Accounts for Spread Betting on USD / SEK

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Spread Betting on Forex