Euro-Dollar Spread Betting
Indicative Euro-Dollar prices:
Click on the tabs for key stock market indices, forex and equities markets.
|
Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
|
|
Where Can I Spread Bet on Euro-Dollar? |
At the moment, investors can speculate on the Euro-Dollar market, and many other foreign exchange (forex) markets with:
Advert:
Euro-Dollar Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Euro-Dollar with
Financial Spreads.
|
Where Can I Spread Bet on Euro-Dollar for Free? |
Forex trading always comes with an element of risk. Nevertheless, if you would like to open a free Test Account, which lets you practice spread betting and gives you access to candlestick charts, see Free Demo Account.
When thinking about which trading option might work for you, also remember that spread betting in the UK is currently exempt from stamp duty, capital gains tax and income tax*.
If you're looking for a low cost spread betting site, keep in mind that investors can spread bet on the Euro-Dollar pair without having to pay any commissions or brokers' fees with:
Should you want a completely free Test Account that lets users get to grips with spread betting and markets such as Euro-Dollar, then you could always consider:
Each of these companies offers a risk free 'Demo Account' that lets investors practice trading and test new trading ideas.
Where Can I Find Live Spread Betting Prices and Charts for Euro-Dollar? |
We show indicative Euro-Dollar spread betting prices above.
The futures chart below also provides a helpful look at the Euro-Dollar market.
The Plus500 CFD chart that we use above usually shows the Euro-Dollar futures market.
Should you want to look at live spread betting charts for the Euro-Dollar, you'll probably need a financial spread betting account.
Also, a spreads account would let you trade on the popular shorter-term spot/daily prices. Accounts are subject to status and suitability checks.
Should your new account be approved then, after logging on, you will be able to analyse the charts and the current pricing. Usually, these are provided for free. What's the catch? You could receive the occasional letter or email from your chosen spread betting firm.
If you do decide to trade then, before you start, you should be aware that financial spread trading and CFD trading carry a high degree of risk to your funds and it is possible to incur losses that exceed your initial investment.
Advanced Charting Packages for Euro-Dollar |
Despite the fact that the charts tend to differ between firms, to help your Euro-Dollar analysis, most charts usually come with user friendly features and tools such as:
- A variety of time intervals e.g. 1 minute, 2 minutes, 1 hour, 4 hours, 1 week etc.
- Different views e.g. candlestick, bar and line charts
- Drawing options and tools e.g. Fibonacci arcs, time zones and fans
Charts from FinancialSpreads.com also have other benefits like:
- Customisable Indicators, BackTesting and Optimisation functions
- Important chart overlays e.g. Ichimoku Kinko Hyo, EMA, MA, Price Channels etc.
- More than 30 indicator charts e.g. Historical Volatility, Money Flow, Range Indicator, Price & Volume Trend, Forecast Oscillator etc.
- Custom email alerts that trigger when a market reaches a pre-determined level
Sample Euro-Dollar candlestick chart on the Financial Spreads platform
The following spread trading firms offer users access to live trading prices/charts:
How to Spread Bet on Euro-Dollar? |
As with many global financial markets, investors can speculate on currency rates, like Euro-Dollar, to go up or down.
If we log in to Financial Spreads, we can see they are showing the Euro-Dollar Rolling Daily market at $1.30665 - $1.30675. Therefore, you could spread bet on the Euro-Dollar rate:
 Rising above $1.30675, or
 Falling below $1.30665
Whilst spread betting on Euro-Dollar you trade in £x per point where a point is $0.00010 of the pairs movement.
Therefore, if you choose to invest £4 per point and Euro-Dollar moves 26.0 points then that would be a difference to your profits (or losses) of £104. £4 per point x $0.00260 = £4 per point x 26.0 points = £104.
Rolling Daily Forex Markets
One important thing to note is that this is a Rolling Daily Market and so unlike a normal spread betting futures market, there is no settlement date. Therefore, if you decide not to close your trade by the end of the day, it simply rolls over to the next trading day.
If your forex spread bet is rolled over then you normally pay a small overnight financing fee. If you would like a fully worked example then see Rolling Daily Spread Betting.
Euro-Dollar Rolling Daily - FX Trading Example |
So, if we take the above spread of $1.30665 - $1.30675 and make the assumptions:
- You have completed your market analysis, and
- Your analysis leads you to believe that the Euro-Dollar rate will rise higher than $1.30675
Then you might decide to buy the Euro-Dollar market at $1.30675 for a stake of £2 per point.
With this trade you make a profit of £2 for every point ($0.00010) that the Euro-Dollar pair increases above $1.30675. Having said that, such a bet also means that you will make a loss of £2 for every point that the Euro-Dollar market falls lower than $1.30675.
Looking at this from another angle, if you were to buy a spread bet then your profit/loss is worked out by taking the difference between the closing price of the market and the price you bought the market at. You then multiply that difference in price by your stake.
As a result, if after a few sessions the FX rate started to rise you might decide to close your trade to secure your profit.
Taking this a step further, if the market did go up then the spread, determined by the spread betting company, might change to $1.31165 - $1.31175. In order to close your spread bet you would sell at $1.31165. Therefore, with the same £2 stake you would make:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = ($1.31165 - $1.30675) x £2 per point stake
Profits (or losses) = $0.00490 x £2 per point stake
Profits (or losses) = 49.0 points x £2 per point stake
Profits (or losses) = £98.00 profit
Of course, the Euro/US Dollar market can move against your position and you could lose. In this example, you wanted the forex pair to increase. However, the currency rate could fall.
If the Euro-Dollar market had fallen then you could close your position in order to restrict your losses.
If the spread fell to $1.30263 - $1.30273 then this means you would close your spread bet by selling at $1.30263. This would result in a loss of:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = ($1.30263 - $1.30675) x £2 per point stake
Profits (or losses) = -$0.00412 x £2 per point stake
Profits (or losses) = -41.2 points x £2 per point stake
Profits (or losses) = -£82.40 loss
Note: Euro-Dollar Rolling Daily spread betting price accurate as of 18-Sep-12.
Advert:
Euro-Dollar Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Euro-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.
'Euro-Dollar Spread Betting' by DB, updated 07-May-13
For related pages also see:
Forex Trading Guide, updated 15-May-13
Forex Trading Guide: the complete guide to trading the forex markets including live forex charts, live prices, where to trade, daily forex analysis, forex technical analysis, how to trade, the global forex markets and...read article: Forex Trading Guide.
FX Spread Betting, updated 15-May-13
FX Spread Betting: the complete FX spread betting guide with an FX price comparison, live FX spread betting prices & live charts. Plus analysis and factors that influence the foreign exchange markets as well as...read article: FX Spread Betting.
FX Trading Guides, updated 26-Apr-13
40+ individual FX trading and spread betting guides for Euro-Dollar, Sterling-Dollar, Dollar-Yen etc. Every guide covers live prices and charts, where to spread bet on the FX market, a worked trading example and...read article: FX Trading Guides.
Euro-Dollar Spread Betting, updated 07-May-13
The Euro/Dollar spread betting review: live Euro/Dollar charts and prices, where to spread bet tax-free* and with 0% commission, Euro/Dollar spreads comparison, a look at...read article: Euro-Dollar Spread Betting.
Dollar-Yen Spread Betting, updated 07-May-13
The Dollar/Yen spread betting review: live Dollar/Yen charts and prices, where to spread bet tax-free* and with 0% commission, Dollar/Yen spreads comparison, a look at...read article: Dollar-Yen Spread Betting.
Sterling-Dollar Spread Betting, updated 07-May-13
The Sterling/Dollar spread betting review: live Sterling/Dollar charts and prices, where to spread bet tax-free* and with 0% commission, Sterling/Dollar spreads comparison, a look at...read article: Sterling-Dollar Spread Betting.
Euro-Sterling Spread Betting, updated 07-May-13
The Euro/Sterling spread betting review: live Euro/Sterling charts and prices, where to spread bet tax-free* and with 0% commission, Euro/Sterling spreads comparison, a look at...read article: Euro-Sterling Spread Betting.
Dollar - Swiss Franc Spread Betting, updated 07-May-13
The complete Dollar/Swiss Franc spread betting review: live charts and prices for the Dollar/Swiss Franc market, which FX brokers offer commission-free spread betting, how to spread bet on the Dollar/Swiss Franc market and...read article: Dollar - Swiss Franc Spread Betting.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
