EUR/SEK Spread Betting

The CleanFinancial guide to EUR/SEK spread betting.

• Where Can I Spread Bet on EUR/SEK?
• Live EUR/SEK Charts
• Live EUR/SEK Prices
• EUR/SEK Trading News and Analysis
• Where Can I Trade EUR/SEK for Free?
• Where Can I Practice Trading EUR/SEK?
• How to Spread Bet on EUR/SEK?
• Forex Spread Betting Guide

Live EUR/SEK Chart & Prices

The live CFD trading chart below will provide readers with a nice look at the EUR/SEK FX market.


The chart above is provided by Plus500 and usually shows the underlying EUR/SEK futures contract.

If you want to check real time financial spread betting charts/prices for EUR/SEK, you will generally need a spread betting account.

This would also give you access to the shorter term daily markets. Readers should note that such accounts are subject to status and credit checks.

Should your new account be approved then you will be able to log on and analyse the prices/charts. These are usually provided as part of the service. Having said that, you’ll probably receive the occasional sales email and/or letter from your chosen online spread betting provider.

If you do decide to trade then you should remember that financial spread trading and CFD trading involve a significant level of risk to your funds and it is possible to incur losses that exceed your initial deposit.

Where Can I Spread Bet on EUR/SEK?

You can currently trade with no brokers’ fees and no commissions on EUR/SEK, plus an array of other spread betting markets, via providers like:

• City Index
• Financial Spreads
• IG
• InterTrader
• Spreadex

EUR/SEK Market Analysis and Trading News

» More forex trading views and analysis.


Example FinancialSpreads FX market chart



The following financial spread betting brokers give their account holders live trading charts/prices:

• City Index (read review)
• ETX Capital (read review)
• Financial Spreads (read review)
• Finspreads (read review)
• IG (read review)
• Inter Trader (read review)
• Spreadex (read review)

Where Can I Trade EUR/SEK for Free?

Trading the markets does involve risks. Having said that, if you want to try a free Test Account, where you can access charts and try out spread trading, see below for further details.

When deciding which investment option might work for you, don’t forget that spread betting in the UK is exempt from tax*.

If you’re looking for a low cost spread betting platform, note that you can speculate on EUR/SEK with no commissions or brokers’ fees with:

• City Index
• Financial Spreads
• IG Index
• Inter Trader
• Spreadex

Free Demo Account

Should you want to have a look at a (free) virtual money Test Account / Practice Account to get a feel for spread betting, and trading markets like EUR/SEK, then look at:

• Financial Spreads
• Inter Trader

The spread trading firms listed above currently provide a Practice Account that allows users to use professional charts, apply a range of orders and test trading theories.

How to Spread Bet on EUR/SEK?

As with most key markets, an investor can place a spread bet on forex pairs, such as EUR/SEK, to either rise or fall.

Looking at a site like Selftrade Markets, you can see they are valuing the EUR/SEK Rolling Daily market at 8.49454 kr – 8.49954 kr. As a result, an investor could spread trade on the EUR/SEK rate:

  Moving higher than 8.49954 kr, or
  Moving lower than 8.49454 kr

When placing a spread bet on EUR/SEK you trade in £x per point where a point is 0.00010 kr of the pairs movement. So, if you chose to risk £4 per point and EUR/SEK moves 37.0 points then there would be a difference to your profits (or losses) of £148. £4 per point x 0.00370 kr = £4 per point x 37.0 points = £148.

Rolling Daily Foreign Exchange Markets

It’s important to note that this is a Rolling Daily Market and so there is no set closing date for this market. As a result, if your trade is still open at the end of the trading day, it simply rolls over to the next session.

If you allow your FX trade to roll over then you will often be charged a small financing fee. You can learn more in our feature Rolling Daily Spread Betting.

EUR/SEK Trading Example 1

So, if we consider the above spread of 8.49454 kr – 8.49954 kr and make the assumptions:

• You have done your analysis of the forex markets, and
• Your research leads you to feel the EUR/SEK rate will increase and move higher than 8.49954 kr

Then you may decide that you want to buy a spread bet at 8.49954 kr and invest, for the sake of argument, £2 per point.

With such a bet you make a profit of £2 for every point (0.00010 kr) that the EUR/SEK pair moves above 8.49954 kr. However, it also means that you will make a loss of £2 for every point that the EUR/SEK market falls below 8.49954 kr.

Looked at another way, should you ‘Buy’ a spread bet then your profit/loss is 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 difference in price by the stake.

If after a few days the forex pair started to rise you might decide to close your position so that you can lock in your profit.

So if the market rose then the spread might change to 8.50804 kr – 8.51304 kr. To settle/close your trade you would sell at 8.50804 kr. So, with the same £2 stake:

Profits (or losses) = (Settlement Value – Initial Value) x stake
Profits (or losses) = (8.50804 kr – 8.49954 kr) x £2 per point stake
Profits (or losses) = 0.00850 kr x £2 per point stake
Profits (or losses) = 85.0 points x £2 per point stake
Profits (or losses) = £170.00 profit

Spread betting on FX doesn’t always go to plan. With the above, you wanted the currency pair to rise. Naturally, the currency rate might decrease.

If the EUR/SEK market had fallen then you might decide to close/settle your trade in order to restrict your losses.

If the spread dropped to 8.49189 kr – 8.49689 kr then you would settle/close your trade by selling at 8.49189 kr. So your loss would be calculated as:

Profits (or losses) = (Settlement Value – Initial Value) x stake
Profits (or losses) = (8.49189 kr – 8.49954 kr) x £2 per point stake
Profits (or losses) = -0.00765 kr x £2 per point stake
Profits (or losses) = -76.5 points x £2 per point stake
Profits (or losses) = -£153.00 loss

Note: EUR/SEK Rolling Daily currency market accurate as of 11-Sep-12.

How to Spread Bet on Euro – Swedish Krona – Example 2

Looking at a platform like Inter Trader, you can see they are currently offering the Euro – Swedish Krona Rolling Daily market at 8.56970 kr – 8.57470 kr. This means an investor could put a spread bet on the Euro – Swedish Krona pair:

  Rising above 8.57470 kr, or
  Falling below 8.56970 kr

When financial spread betting on Euro – Swedish Krona you trade in £x per point where a point is 0.00010 kr of the pairs movement. So, if you decided to risk £3 per point and Euro – Swedish Krona moves 40.0 points then that would make a difference to your bottom line of £120. £3 per point x 0.00400 kr = £3 per point x 40.0 points = £120.

If we take the spread of 8.56970 kr – 8.57470 kr and assume:

• You’ve analysed the markets, and
• Your analysis leads you to think the Euro – Swedish Krona rate will increase and go above 8.57470 kr

Then you could choose to buy at 8.57470 kr for a stake of, let’s say, £2 per point.

Therefore, you win £2 for every point (0.00010 kr) that the Euro – Swedish Krona rate increases higher than 8.57470 kr. Nevertheless, such a bet also means that you will make a loss of £2 for every point that the Euro – Swedish Krona market falls below 8.57470 kr.

Looking at this from another angle, should you buy a spread bet then your P&L is 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 difference in price by your stake.

As a result, if after a few days the currency rate started to move upwards then you could choose to close your position to secure your profit.

As an example, should the market rise, the spread, set by the spread betting company, could change to 8.58242 kr – 8.58742 kr. In order to close your trade you would sell at 8.58242 kr. Therefore, with the same £2 stake this trade would make you a profit of:

Profit = (Final Level – Opening Level) x stake
Profit = (8.58242 kr – 8.57470 kr) x £2 per point stake
Profit = 0.00772 kr x £2 per point stake
Profit = 77.2 points x £2 per point stake
Profit = £154.40 profit

Trading forex, whether by spread betting or not, is not always simple. In this example, you wanted the forex rate to rise. Naturally, the currency rate could decrease.

If the Euro – Swedish Krona market weakened, against your expectations, then you could close your spread bet in order to limit your losses.

So if the spread pulled back to 8.56613 kr – 8.57113 kr then you would settle your spread bet by selling at 8.56613 kr. Accordingly, your loss would be:

Loss = (Final Level – Opening Level) x stake
Loss = (8.56613 kr – 8.57470 kr) x £2 per point stake
Loss = -0.00857 kr x £2 per point stake
Loss = -85.7 points x £2 per point stake
Loss = -£171.40 loss

Note – Euro – Swedish Krona Rolling Daily market quoted as of 18-Sep-12.