CHF/JPY Spread Betting
Where Can I Spread Bet on CHF/JPY? |
Investors can take a view on CHF/JPY, and a wide variety of similar spread trading markets, through companies such as:
Advert:
CHF/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on CHF/JPY with
Financial Spreads.
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Where Can I Spread Bet on CHF/JPY for Free? |
Speculating on the financial markets isn't without risk. Nevertheless, if you want to open a free Test Account, that lets you try out spread trading, then please see below for more details.
When considering which investment option is right for you, also remember that financial spread betting in the UK is currently tax free*, i.e. there is no capital gains tax, income tax or stamp duty.
If you want to try a low cost financial spread betting site then keep in mind that investors can take a position on CHF/JPY without paying any commissions through providers such as:
If you'd like to open an entirely free Test Account which lets users try spread betting on markets like the DAX 30, gold and CHF/JPY, then look into:
Each of the above spread betting firms currently provide a Practice Account that lets investors try out ideas, access professional charts and practice with an array of trading orders, like guaranteed stops and trailing stops.
Where Can I Find Live Spread Betting Prices and Charts for CHF/JPY? |
The following CFD trading chart and prices provides you with a useful look at the CHF/JPY FX pair.
The Plus500 chart above typically tracks the CHF/JPY futures price.
If you want to review live spread trading charts/prices for CHF/JPY, one option is to use a financial spread betting account.
A spreads account also lets you trade on shorter-term spot prices. Users should note that opening any such account is normally dependent on suitability, status and credit checks.
If your account application is accepted then you can log on and see the live trading prices/charts. Usually, these are free. The catch? You could get the odd sales call or letter from your chosen online spread betting provider.
Of course, if you decide to trade then, before you start, remember that spread trading and CFDs do carry a significant level of risk and can result in losses that are greater than your initial investment.
Technical Charting Packages for CHF/JPY |
Even though the charts can differ from platform to platform, they generally have handy tools, including:
- A number of time periods e.g. 1 minute, 1 hour, 2 hours etc
- Different views e.g. line, bar and candlestick charts
- Drawing options and features e.g. Fibonacci fans, arcs and time zones
- Technical indicators e.g. Exponential Moving Average, Chaikin's Volatility etc
Charts with Tradefair Spreads also include more advanced aspects like:
- BackTesting, Analysis and Optimisation functions
- Email notifications that trigger when a market reaches a pre-determined price
FinancialSpreads FX rate candlestick chart
The following spread betting companies offer users access to real-time trading prices/charts:
How to Spread Bet on CHF/JPY? |
As with a wide variety of global markets, you are able to place a spread bet on FX pairs, like CHF/JPY, to rise or fall.
Looking at a platform like InterTrader, we can see they have priced the CHF/JPY Rolling Daily market at ¥82.868 - ¥82.898. This means you could spread bet on the CHF/JPY rate:
 Increasing above ¥82.898, or
 Decreasing below ¥82.868
Whilst financial spread trading on CHF/JPY you trade in £x per point where a point is ¥0.010 of the pairs movement. As a result, if you decide to risk £3 per point and CHF/JPY moves 34.0 points then that would be a difference to your P&L of £102. £3 per point x ¥0.340 = £3 per point x 34.0 points = £102.
Rolling Daily FX Markets
Note that this is a Rolling Daily Market and therefore there is no settlement date for this market. Should your trade be left open at the end of the trading day, it just rolls over into the next day.
If you do roll over a forex bet then you usually pay a small overnight financing fee. For a worked example please see Rolling Daily Spread Betting.
CHF/JPY Rolling Daily - Forex Trading Example |
If we consider the above spread of ¥82.868 - ¥82.898 and assume:
- You have done your market research, and
- Your analysis leads you to think that the CHF/JPY rate will increase and go above ¥82.898
Then you may decide that you are going to buy a spread bet at ¥82.898 and risk, for the sake of argument, £2 per point.
So, you make a profit of £2 for every point (¥0.010) that the CHF/JPY pair rises higher than ¥82.898. Of course, you will make a loss of £2 for every point that the CHF/JPY market falls below ¥82.898.
Looking at this from another angle, if you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that difference in price by the stake.
As a result, if after a few days the rate rose then you might want to close your spread bet to secure your profit.
As an example, if the market increased then the spread, set by the spread trading company, might change to ¥83.478 - ¥83.508. In order to close your position you would sell at ¥83.478. Accordingly, with the same £2 stake you would calculate your profit as:
Profit = (Settlement Level - Initial Level) x stake
Profit = (¥83.478 - ¥82.898) x £2 per point stake
Profit = ¥0.580 x £2 per point stake
Profit = 58.0 points x £2 per point stake
Profit = £116.00 profit
Speculating on currencies, whether by spread trading or otherwise, can go against you. With this example, you had bet that the FX pair would rise. Of course, the FX rate might decrease.
If the CHF/JPY market had started to drop then you could close your trade in order to limit your losses.
If the market dropped to ¥82.401 - ¥82.431 then you would settle your trade by selling at ¥82.401. If so, that would mean you would lose:
Loss = (Settlement Level - Initial Level) x stake
Loss = (¥82.401 - ¥82.898) x £2 per point stake
Loss = -¥0.497 x £2 per point stake
Loss = -49.7 points x £2 per point stake
Loss = -£99.40 loss
Note: CHF/JPY Rolling Daily market accurate as of 11-Sep-12.
Advert:
CHF/JPY Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on CHF/JPY 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.
'CHF/JPY Spread Betting' by DB, updated 09-May-13
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