AUD/CHF Spread Betting
Where Can I Spread Bet on AUD/CHF? |
You are able to speculate on AUD/CHF by opening an account with a number of spread betting providers:
Advert:
AUD/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on AUD/CHF with
Financial Spreads.
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Where Can I Spread Bet on AUD/CHF for Free? |
Investing, by its very nature, involves an element of risk, however, if you want to try a completely free Practice Account, that allows you to trial spread betting, see below.
Also, don't forget that, in the UK, spread betting is currently free of tax*.
If you're looking for a low cost spread trading site then you should keep in mind that you can take a view on AUD/CHF with no brokers' fees and no commissions through firms such as:
If you're looking for a virtual money Demo Account where users can try out spread betting, including trading markets such as the FTSE 100, crude oil and AUD/CHF, then you can always have a look at:
Each of these spread trading companies currently offer a risk free Demo Account which lets users look at charts, try out strategies and practice with a host of orders, like guaranteed stop losses and stop losses.
Where Can I Find Live Spread Betting Prices and Charts for AUD/CHF? |
The live CFD trading chart below offers a useful look at the AUD/CHF currency rate.
The above Plus 500 chart usually follows the near-term AUD/CHF futures market.
If you would like to look at spread betting charts and the current pricing for AUD/CHF, you might require a spread trading account.
Also, a spreads account lets you trade on the shorter term daily markets. Opening such an account is subject to credit, status and suitability checks.
If your application is approved, you will be able to log in and view the up-to-the-minute trading charts and prices. Usually, these are free. Having said that, you might get the occasional sales letter and/or email from the relevant spread trading provider.
If you decide to trade, be aware that CFD trading and spread trading do carry a high degree of risk to your funds and you could lose more than your initial deposit.
Advanced Charts for AUD/CHF |
Even though charting software and packages can vary from provider to provider, to help you with your trading analysis, the charts generally come with valuable features and tools such as:
- An array of time periods, for example, 3 minutes, 30 minutes, 1 day and so on
- Different display options, for example, line, bar and candlestick charts
- Drawing tools and options, for example, trendlines, Fibonacci arcs, fans and time zones
- Chart overlays and indicators, for example, Moving Average, Momentum, Stochastic and so on
The charts on Financial Spreads also come with more advanced aspects:
- BackTesting and Optimisation functions
- Automatic alerts when the markets hit a specific level
Example FinancialSpreads FX market candle chart
The following spread betting firms give users access to real-time prices/charts:
How to Spread Bet on AUD/CHF? |
As with a wide range of financial markets, you can spread bet on currency pairs, like AUD/CHF, to either increase or decrease.
Looking at a platform like Capital Spreads, you can see that they have put the AUD/CHF Rolling Daily market at SFr 0.98009 - SFr 0.98059. This means you can put a spread bet on the AUD/CHF rate:
 Increasing higher than SFr 0.98059, or
 Decreasing lower than SFr 0.98009
Whilst placing a spread bet on AUD/CHF you trade in £x per point where a point is SFr 0.00010 of the pairs movement. Therefore, if you choose to have a stake of £4 per point and AUD/CHF moves 32.0 points then that would change your profit/loss by £128. £4 per point x SFr 0.00320 = £4 per point x 32.0 points = £128.
Rolling Daily Foreign Exchange Markets
You should note that this is a 'Rolling Daily Market', therefore there is no set closing date for this market. Therefore, if you decide not to close your trade by the end of the day, it just rolls over to the next day.
Should your FX bet roll over then you normally pay a small overnight financing fee. For more information see Rolling Daily Spread Betting.
AUD/CHF Rolling Daily - Forex Spread Trading Example |
So, if you continue with the above spread of SFr 0.98009 - SFr 0.98059 and assume that:
- You've done your analysis, and
- You feel that the AUD/CHF market will go higher than SFr 0.98059
Then you may decide to go long of the market at SFr 0.98059 for a stake of, for example, £2 per point.
So, you make a profit of £2 for every point (SFr 0.00010) that the AUD/CHF pair pushes above SFr 0.98059. Conversely, however, you will make a loss of £2 for every point that the AUD/CHF market moves lower than SFr 0.98059.
Considering this from another angle, if you buy a spread bet then your P&L is calculated by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
Therefore, if after a few hours the currency rate moved higher then you might want to close your spread bet to lock in your profit.
Taking this a step further, if the market rose then the spread might change to SFr 0.98451 - SFr 0.98501. To settle/close your trade you would sell at SFr 0.98451. As a result, with the same £2 stake your profit would be calculated as:
P&L = (Closing Level - Opening Level) x stake
P&L = (SFr 0.98451 - SFr 0.98059) x £2 per point stake
P&L = SFr 0.00392 x £2 per point stake
P&L = 39.2 points x £2 per point stake
P&L = £78.40 profit
Financial spread betting doesn't always go to plan. With this example, you had bet that the FX pair would go up. However, the FX rate can also go down.
If the AUD/CHF rate weakened, against your expectations, then you might decide to settle/close your trade to limit your losses.
Should the market drop to SFr 0.97593 - SFr 0.97643 then this means you would close your trade by selling at SFr 0.97593. As a result, your loss would be:
P&L = (Closing Level - Opening Level) x stake
P&L = (SFr 0.97593 - SFr 0.98059) x £2 per point stake
P&L = -SFr 0.00466 x £2 per point stake
P&L = -46.6 points x £2 per point stake
P&L = -£93.20 loss
Note: AUD/CHF Rolling Daily forex market taken as of 11-Sep-12.
Advert:
AUD/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on AUD/CHF with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'AUD/CHF Spread Betting' by DB, updated 16-May-13
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