Australian Dollar - New Zealand Dollar Spread Betting
Where Can I Spread Bet on Australian Dollar - New Zealand Dollar? |
You are currently able to speculate on Australian Dollar - New Zealand Dollar, and a broad range of other markets, via:
Advert:
Australian Dollar - New Zealand Dollar Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Australian Dollar - New Zealand Dollar with
Financial Spreads.
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Where Can I Spread Bet on Australian Dollar - New Zealand Dollar for Free? |
Investing in the financial markets does involve risk. However, if you'd like to try a Practice Account, that lets you trial spread betting and access candlestick charts, then please see below for more details.
In addition, don't forget that spread trading in the UK is free of income tax, capital gains tax and stamp duty*.
If you're interested in a low cost financial spread betting site then note that you are able to spread bet on Australian Dollar - New Zealand Dollar without brokers' fees or commissions with companies such as:
If you'd like to open a (free) Practice Account where you are able to trial financial spread betting, and markets such as the FTSE 100, gold and Australian Dollar - New Zealand Dollar, then you can always look into:
Each of the spread betting firms listed above offer a Demo Account which investors can use to practice with an array of orders, try out trading strategies and review professional level charts, such as line and candlestick charts.
Where Can I Find Live Spread Betting Prices and Charts for Australian Dollar - New Zealand Dollar? |
The following CFD trading chart and prices provides readers with a useful overview of the Australian Dollar - New Zealand Dollar pair.
The Plus 500 chart that we use above is usually based on the Australian Dollar - New Zealand Dollar futures market (not the daily market).
To review real time spread betting charts/prices for Australian Dollar - New Zealand Dollar, you generally need a spread betting account.
In addition, a spreads account would give you access to shorter-term daily prices. Users should note that accounts are subject to status, credit and suitability checks.
If your new account is approved then you will be able to log in and access the real time charts and prices. These are normally provided for free, however, you will probably get the occasional email or sales call from your chosen spread trading broker.
Of course, if you do decide to trade, remember that financial spread betting and contracts for difference carry a high level of risk to your funds and can result in losses that are greater than your initial deposit.
Professional Charting Packages for Australian Dollar - New Zealand Dollar |
Even though the specific charting packages normally differ between providers, in order to help your trading decisions, the majority of charts usually have useful tools and features that include:
- An array of time intervals e.g. 5 minutes, 1 hour, 1 month etc
- Different displays e.g. line and candlestick charts
- Drawing options and features e.g. Fibonacci Arcs, Fans and Time Zones
Charts with FinancialSpreads.com also include more advanced aspects such as:
- BackTesting tools and Customisable Indicators
- Useful technical overlays e.g. Exponential Moving Average, Bollinger Bands, Price Channels etc
- A selection of secondary charts e.g. Relative Momentum Index, Historical Volatility, % Price Oscillator etc
- Custom email alerts for when the markets reach a pre-determined price
Example FX rate trading chart
The following financial spread betting firms give their users access to live charts/prices:
How to Spread Bet on Australian Dollar - New Zealand Dollar? |
As with most key financial markets, you are able to spread bet on currency pairs, like Australian Dollar - New Zealand Dollar, to either rise or fall.
Looking at a financial spread betting site like Tradefair, we can see that they are offering the Australian Dollar - New Zealand Dollar Rolling Daily market at NZ$1.26093 - NZ$1.26193. As a result, you can put a spread bet on the Australian Dollar - New Zealand Dollar pair:
 Rising above NZ$1.26193, or
 Falling below NZ$1.26093
When placing a spread bet on Australian Dollar - New Zealand Dollar you trade in £x per point where a point is NZ$0.00010 of the pairs movement. As a result, if you staked £5 per point and Australian Dollar - New Zealand Dollar moves 25.0 points then that would be a difference to your profit/loss of £125. £5 per point x NZ$0.00250 = £5 per point x 25.0 points = £125.
Rolling Daily Forex Markets
One important thing to note is that this is a 'Rolling Daily Market' and therefore it does not have a set settlement date. If you leave your trade open at the end of the day, it simply keeps rolling over into the next day.
If your FX spread bet does roll over then you are charged a small overnight financing fee. If you would like a fully worked example then see Rolling Daily Spread Betting.
Australian Dollar - New Zealand Dollar Rolling Daily - Foreign Exchange Spread Trading Example |
So, if we take the above spread of NZ$1.26093 - NZ$1.26193 and make the assumptions that:
- You have completed your forex market research, and
- Your research leads you to think that the Australian Dollar - New Zealand Dollar market will increase and go above NZ$1.26193
Then you could decide that you want to buy a spread bet at NZ$1.26193 and invest, let’s say, £2 per point.
With such a bet you win £2 for every point (NZ$0.00010) that the Australian Dollar - New Zealand Dollar rate rises higher than NZ$1.26193. Nevertheless, it also means that you will lose £2 for every point that the Australian Dollar - New Zealand Dollar market falls below NZ$1.26193.
Put another way, should you ‘Buy’ a spread bet then your profits (or losses) are worked out by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.
If after a few days the currency rate rose then you might consider closing your spread bet so that you can secure your profit.
So if the market moved up then the spread, determined by the spread betting company, might change to NZ$1.26635 - NZ$1.26735. In order to close/settle your position you would sell at NZ$1.26635. Therefore, with the same £2 stake you would make a profit of:
Profit / loss = (Final Value - Initial Value) x stake
Profit / loss = (NZ$1.26635 - NZ$1.26193) x £2 per point stake
Profit / loss = NZ$0.00442 x £2 per point stake
Profit / loss = 44.2 points x £2 per point stake
Profit / loss = £88.40 profit
Speculating on forex, whether by spread betting or otherwise, can go against you. In this case, you had bet that the FX pair would increase. Naturally, the forex rate can also fall.
If the Australian Dollar - New Zealand Dollar rate decreased, contrary to your expectations, then you might choose to close your position in order to restrict your losses.
Should the spread fall back to NZ$1.25720 - NZ$1.25820 you would settle your position by selling at NZ$1.25720. That would mean you would make a loss of:
Profit / loss = (Final Value - Initial Value) x stake
Profit / loss = (NZ$1.25720 - NZ$1.26193) x £2 per point stake
Profit / loss = -NZ$0.00473 x £2 per point stake
Profit / loss = -47.3 points x £2 per point stake
Profit / loss = -£94.60 loss
Note: Australian Dollar - New Zealand Dollar Rolling Daily FX market correct as of 18-Sep-12.
Advert:
Australian Dollar - New Zealand Dollar Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Australian Dollar - New Zealand Dollar 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.
'Australian Dollar - New Zealand Dollar Spread Betting' by DB, updated 14-Jun-13
For related pages also see:
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