EUR/NZD Spread Betting
Where Can I Spread Bet on EUR/NZD? |
Investors can currently spread bet without commissions or brokers' fees on EUR/NZD, as well as a wide array of other spread trading markets, via companies like:
Advert:
EUR/NZD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/NZD with
Financial Spreads.
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Where Can I Spread Bet on EUR/NZD for Free? |
Trading always involves a degree of risk. Nevertheless, if you'd like to try a free Test Account, that lets you trial financial spread betting and check charts, see below.
When looking at which trading 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 low cost spread betting site then you should note that you can trade EUR/NZD with no brokers' fees, and zero commissions, through providers such as:
If you're looking for a Practice Account / Demo Account where you are able to get a better feel for financial spread betting, including trading markets like the DAX 30, crude oil and EUR/NZD, then have a closer look at:
The firms listed above currently offer a Demo Account that allows users to try out new trading ideas, practice with a range of orders and look at professional level charts, including line and candlestick charts.
Where Can I Find Live Spread Betting Prices and Charts for EUR/NZD? |
This CFDs chart provides readers with a handy overview of the EUR/NZD market.
The chart above is from Plus500 and normally uses the EUR/NZD futures market.
To check real time financial spread betting prices/charts for EUR/NZD, you might require a financial spread betting account.
A spreads account will also let you have access to short term daily markets. Please note that all such accounts are subject to status and suitability checks.
If your new account is accepted then, when you log in, you will be able to study the real-time charts/prices. On most platforms, these will be provided as part of the service. What's the catch? You are likely to get an occasional call or newsletter from the spread betting broker.
If you do decide to trade then, before starting, you should be aware that CFDs and financial spread betting do carry a significant level of risk to your funds and losses could exceed your initial investment.
Advanced Charting Packages for EUR/NZD |
Though the charting packages can differ across the various providers, to aid your trading analysis, the majority of charts come with useful features, including:
- A broad variety of time intervals - 1 minute, 2 hours, 1 month etc
- Various chart types - candlestick, bar and line charts
- Drawing features and options - trendlines, Fibonacci time zones, arcs and fans
- Technical indicators and chart overlays - Exponential Moving Average, Chaikin's Volatility, Williams %R etc
Charts with Capital Spreads also offer more advanced features, including:
- Back Testing and Optimisation functions
- Email notifications for when a market hits a given level
Sample FinancialSpreads forex market candle chart
The financial spread betting firms in the list below give account holders real time prices and charts:
How to Spread Bet on EUR/NZD? |
As with a variety of markets, an investor can spread bet on forex pairs, like EUR/NZD, to either increase or decrease.
Looking at Inter Trader, we can see that they are currently pricing the EUR/NZD Rolling Daily market at NZ$1.57130 - NZ$1.57290. As a result, an investor could spread bet on the EUR/NZD pair:
 Going higher than NZ$1.57290, or
 Going lower than NZ$1.57130
When placing a spread bet on EUR/NZD you trade in £x per point where a point is NZ$0.00010 of the pairs movement. Therefore, should you decide to risk £2 per point and EUR/NZD moves 32.0 points then that would be a difference to your bottom line of £64. £2 per point x NZ$0.00320 = £2 per point x 32.0 points = £64.
Rolling Daily FX Markets
You should note that this is a Rolling Daily Market which means that it does not have a set settlement date. You do not have to close your trade, should it still be open at the end of the trading day, it will simply roll over to the next session.
If your FX bet does roll over then you'll pay a small overnight financing fee. You can find more on Rolling Daily Markets, as well as a fully worked example, in our feature Rolling Daily Spread Betting.
EUR/NZD Rolling Daily - Forex Spread Betting Example |
If we continue with the spread of NZ$1.57130 - NZ$1.57290 and make the assumptions that:
- You have completed your analysis of the currency markets, and
- Your analysis leads you to feel the EUR/NZD market will go higher than NZ$1.57290
Then you may decide that you want to buy a spread bet at NZ$1.57290 and invest, let’s say, £2 per point.
With such a bet you win £2 for every point (NZ$0.00010) that the EUR/NZD rate moves above NZ$1.57290. However, it also means that you will lose £2 for every point that the EUR/NZD market moves below NZ$1.57290.
Thinking of this in a slightly different way, if you buy a spread bet then your P&L is found by taking the difference between the final price of the market and the price you bought the market at. You then multiply that price difference by the stake.
If after a few hours the currency rate rose then you might consider closing your position in order to secure your profit.
As an example, should the market rise, the spread might move to NZ$1.58234 - NZ$1.58394. In order to close your trade you would sell at NZ$1.58234. So, with the same £2 stake this trade would result in a profit of:
P&L = (Final Value - Opening Value) x stake
P&L = (NZ$1.58234 - NZ$1.57290) x £2 per point stake
P&L = NZ$0.00944 x £2 per point stake
P&L = 94.4 points x £2 per point stake
P&L = £188.80 profit
Trading currencies won’t always go to plan. With the above, you wanted the FX pair to rise. Naturally, it can also fall.
If the EUR/NZD rate decreased, contrary to your expectations, then you might choose to close your trade in order to restrict your losses.
If the market dropped to NZ$1.56268 - NZ$1.56428 then you would settle your trade by selling at NZ$1.56268. If so, your loss would be calculated as:
P&L = (Final Value - Opening Value) x stake
P&L = (NZ$1.56268 - NZ$1.57290) x £2 per point stake
P&L = -NZ$0.01022 x £2 per point stake
P&L = -102.2 points x £2 per point stake
P&L = -£204.40 loss
Note - EUR/NZD Rolling Daily market correct as of 11-Sep-12.
Advert:
EUR/NZD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/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.
'EUR/NZD Spread Betting' by DB, updated 17-May-13
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