EUR/CHF Spread Betting
Where Can I Spread Bet on EUR/CHF? |
Investors are currently able to speculate with no commissions or brokers' fees on EUR/CHF, as well as a host of other related markets, with firms like:
EUR/CHF Market Analysis and Trading News
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| 20-Jun-13 |
[4:00am] EUR/CHF is trading -$0.0022 (-0.18%) lower at SFr 1.2321.
Update by
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| 19-Jun-13 |
[4:00am] EUR/CHF is trading -$0.0008 (-0.06%) lower at SFr 1.2317.
Update by
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» More forex trading views and analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Where Can I Find Live Spread Betting Prices and Charts for EUR/CHF? |
The live contracts for difference chart below will offer readers a handy guide to the EUR/CHF FX rate.
The above Plus500 chart usually shows the near-term EUR/CHF futures price (not the spot price).
If you'd like to study up-to-the-minute spread betting prices and charts for EUR/CHF, you will probably require a spread trading account.
This would also let you access shorter-term spot prices. Readers should note that all accounts are subject to status.
Should your account application be accepted then, when you log on, you will be able to view the real time prices/charts. These are usually provided for free, however, you'll probably get the occasional letter or call from the relevant financial spread betting broker.
Of course, if you want to trade, be aware that financial spread trading and CFDs involve a significant level of risk to your funds and you may lose more than your initial investment.
Technical Charting Packages for EUR/CHF |
Whilst charting software and packages normally vary from provider to provider, in order to assist you with your trading analysis, the charts usually come with useful features such as:
- A wide range of time intervals e.g. 15 minutes, 4 hours, 1 day and so on
- Various displays e.g. candlestick and bar charts
- Tools for drawing/adding features e.g. trendlines, Fibonacci arcs, time zones and fans
- Overlays and indicators e.g. Exponential Moving Average, Chaikin's Volatility, Average Directional Index and so on
Charts provided by Tradefair also include advanced features like:
- BackTesting
- Automatic alerts that trigger when your chosen market reaches a particular price
Example FinancialSpreads FX rate chart
The spread trading brokers in the following list give their clients real time charts/prices:
Advert:
EUR/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/CHF with
Financial Spreads.
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Where Can I Spread Bet on EUR/CHF for Free? |
Investing always comes with risk. Nevertheless, if you would like to try a Test Account, which lets you try financial spread betting and look at professional charts, see below.
When deciding which trading option is right for you, don't forget that in the UK, financial spread betting is currently exempt from capital gains tax, stamp duty and income tax*.
If you're trying to find a low cost spread betting platform, keep in mind that you are able to take a position on EUR/CHF commission free and with no brokers' fees through companies like:
If you want to have a look at a (free) Test Account in order to get to grips with online spread betting, and speculating on markets such as the DAX 30, crude oil, EUR/USD and EUR/CHF, then you could have a look at:
All of the above spread trading companies currently provide a free Demo Account that allows investors to try out trading theories, check professional charts and apply a range of trading orders, e.g. stop losses and guaranteed stops.
How to Spread Bet on EUR/CHF? |
As with a variety of financial markets, you can spread bet on foreign exchange rates, like EUR/CHF, to either rise or fall.
Looking at a platform like Capital Spreads, we can see they are currently valuing the EUR/CHF Rolling Daily market at SFr 1.20727 - SFr 1.20747. This means you can spread bet on the EUR/CHF pair:
Increasing above SFr 1.20747, or
Decreasing below SFr 1.20727
When placing a spread bet on EUR/CHF you trade in £x per point where a point is SFr 0.00010 of the pairs movement. As a result, should you decide to invest £3 per point and EUR/CHF moves 39.0 points then that would change your bottom line by £117. £3 per point x SFr 0.00390 = £3 per point x 39.0 points = £117.
Rolling Daily Forex Markets
Be aware that this is a Rolling Daily Market and so it does not have a closing date. You do not have to close your position, should it still be open at the end of the trading day, it just rolls over to the next trading session.
If your FX trade is rolled over then you will often be charged a small financing fee. For more information see Rolling Daily Spread Betting.
EUR/CHF Rolling Daily - Foreign Exchange Spread Betting Example |
If we continue with the spread of SFr 1.20727 - SFr 1.20747 and assume:
- You have completed your analysis of the FX markets, and
- Your research leads you to feel the EUR/CHF market will move higher than SFr 1.20747
Then you could choose to buy a spread bet at SFr 1.20747 and risk, for the sake of argument, £2 per point.
With such a spread bet you win £2 for every point (SFr 0.00010) that the EUR/CHF rate increases above SFr 1.20747. Of course, it also means that you will lose £2 for every point that the EUR/CHF market decreases lower than SFr 1.20747.
Considering this from another angle, if you ‘Buy’ a spread bet then your P&L is worked out by taking the difference between the final price of the market and the price you bought the spread at. You then multiply that price difference by your stake.
Therefore, if after a few hours the FX pair started to move upwards then you could choose to close your trade and therefore lock in your profits.
So if the market rose then the spread, set by the spread betting company, could change to SFr 1.21230 - SFr 1.21250. In order to close your spread bet you would sell at SFr 1.21230. As a result, with the same £2 stake your profit would come to:
Profit / loss = (Settlement Level - Initial Level) x stake
Profit / loss = (SFr 1.21230 - SFr 1.20747) x £2 per point stake
Profit / loss = SFr 0.00483 x £2 per point stake
Profit / loss = 48.3 points x £2 per point stake
Profit / loss = £96.60 profit
Spread betting is not always easy. In this case, you had bet that the forex rate would increase. Nevertheless, the forex rate can also go down.
If the EUR/CHF rate had fallen then you could choose to close your position to limit your losses.
So if the spread pulled back to SFr 1.20355 - SFr 1.20375 then you would close your spread bet by selling at SFr 1.20355. That would mean you would make a loss of:
Profit / loss = (Settlement Level - Initial Level) x stake
Profit / loss = (SFr 1.20355 - SFr 1.20747) x £2 per point stake
Profit / loss = -SFr 0.00392 x £2 per point stake
Profit / loss = -39.2 points x £2 per point stake
Profit / loss = -£78.40 loss
Note: EUR/CHF Rolling Daily spread betting market accurate as of 11-Sep-12.
Advert:
EUR/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/CHF with
Financial Spreads.
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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.
'EUR/CHF Spread Betting' by DB, updated 20-Jun-13
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