AUD/NZD Spread Betting
Where Can I Spread Bet on AUD/NZD? |
At the moment, you are able to trade commission free and with no brokers' fees on AUD/NZD, as well as a wide variety of other online markets, with providers such as:
Advert:
AUD/NZD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on AUD/NZD with
Financial Spreads.
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Where Can I Spread Bet on AUD/NZD for Free? |
Trading is not without its risks, however, if you'd like to open a free Test Account, that lets you look at professional level charts and try out spread trading, please see below for further details.
When considering which investment option is right for you, also remember that in the UK, spread trading is currently free of stamp duty, income tax and capital gains tax*.
If you're looking for a free spread trading site then note that you are able to take a view on AUD/NZD commission free through firms like:
Should you want an entirely free Practice Account to get a feel for financial spread betting, including trading markets such as the FTSE 100, crude oil and AUD/NZD, then look into:
The above companies provide a risk free Demo Account that allows investors to look at charts, practice with a host of orders and test theories.
Where Can I Find Live Spread Betting Prices and Charts for AUD/NZD? |
The CFDs chart and prices below will give you a guide to the AUD/NZD FX market.
The above chart from Plus500 normally follows the AUD/NZD futures market (not the spot price).
If you would like to analyse financial spread betting charts/prices for AUD/NZD, you will normally require a spread betting account.
In addition, a spreads account would let you speculate on daily contracts. Note that opening an account is subject to status and suitability checks.
Should your account application be accepted then, after logging on, you will be able to study the live charts and the current prices. On most platforms, these will be provided for free. The catch is that you'll probably get the odd sales call and/or letter from your chosen online spread betting firm.
If you want to trade then you should be aware that financial spread betting and CFDs do carry a high degree of risk to your capital and can result in losses that exceed your initial deposit.
Advanced Charts for AUD/NZD |
Though the charts differ across the various firms, the charts usually have user friendly tools and features such as:
- A host of different time periods, for example, 1 minute, 1 hour, 1 week etc
- Various chart types, for example, bar charts and candlestick charts
- Tools for drawing features, for example, Trendlines, Fibonacci Arcs, Time Zones and Fans
- Chart overlays and indicators, for example, Bollinger Bands, Parabolic SAR, True Strength Index (TSI) etc
Charts offered by Capital Spreads also have more advanced aspects such as:
- BackTesting
- Custom email alerts that trigger when your chosen market hits a specific price
Example FinancialSpreads FX rate chart
The following brokers give their clients real time charts/prices:
How to Spread Bet on AUD/NZD? |
As with a lot of markets, you can spread bet on FX rates, like AUD/NZD, to rise or fall.
Looking at a spread trading website like Tradefair, you can see they are currently valuing the AUD/NZD Rolling Daily market at NZ$1.27569 - NZ$1.27669. As a result, an investor can spread trade on the AUD/NZD pair:
 Going above NZ$1.27669, or
 Going below NZ$1.27569
When placing a spread bet on AUD/NZD you trade in £x per point where a point is NZ$0.00010 of the pairs movement. So, if you chose to risk £5 per point and AUD/NZD moves 28.0 points then that would alter your bottom line by £140. £5 per point x NZ$0.00280 = £5 per point x 28.0 points = £140.
Rolling Daily FX Markets
One important thing to note is that this is a Rolling Daily Market and so there is no closing date for this market. If your trade is open at the end of the day, it just rolls over to the next day.
If your forex bet is rolled over then you will often be charged a small financing fee. To find out more about Rolling Daily Markets read our feature Rolling Daily Spread Betting.
AUD/NZD Rolling Daily - Forex Spread Betting Example |
So, if you think about the spread of NZ$1.27569 - NZ$1.27669 and assume that:
- You have analysed the markets, and
- Your analysis suggests the AUD/NZD market will move above NZ$1.27669
Then you could decide that you are going to buy at NZ$1.27669 and risk, let’s say, £3 per point.
This means that you win £3 for every point (NZ$0.00010) that the AUD/NZD rate pushes higher than NZ$1.27669. Conversely, however, you will lose £3 for every point that the AUD/NZD market falls below NZ$1.27669.
Looking at this from another angle, if you buy a spread bet then your profits (or losses) are worked out by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.
As a result, if after a few sessions the currency rate rose then you might want to close your position in order to secure your profit.
Taking this a step further, if the market rose then the spread, determined by the spread betting company, might change to NZ$1.28116 - NZ$1.28216. To settle/close your trade you would sell at NZ$1.28116. As a result, with the same £3 stake your profit would be:
Profit / loss = (Final Level - Initial Level) x stake
Profit / loss = (NZ$1.28116 - NZ$1.27669) x £3 per point stake
Profit / loss = NZ$0.00447 x £3 per point stake
Profit / loss = 44.7 points x £3 per point stake
Profit / loss = £134.10 profit
Speculating on FX, whether by spread trading or otherwise, is not always simple. In this example, you had bet that the currency pair would rise. Nevertheless, the currency rate could go down.
If the AUD/NZD rate decreased, contrary to your expectations, then you might choose to close your spread bet to stop any further losses.
So if the spread fell to NZ$1.27273 - NZ$1.27373 then you would close your spread bet by selling at NZ$1.27273. If so, this would result in a loss of:
Profit / loss = (Final Level - Initial Level) x stake
Profit / loss = (NZ$1.27273 - NZ$1.27669) x £3 per point stake
Profit / loss = -NZ$0.00396 x £3 per point stake
Profit / loss = -39.6 points x £3 per point stake
Profit / loss = -£118.80 loss
Note: AUD/NZD Rolling Daily spread betting market quoted as of 11-Sep-12.
Advert:
AUD/NZD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on AUD/NZD 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/NZD Spread Betting' by DB, updated 17-May-13
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