GBP/AUD Spread Betting
Where Can I Spread Bet on GBP/AUD? |
At the moment, investors can trade GBP/AUD with an account from any of these providers:
Advert:
GBP/AUD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/AUD with
Financial Spreads.
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Where Can I Spread Bet on GBP/AUD for Free? |
Speculating is not risk free, but if you'd like to try a completely free Demo Account, that allows you to try financial spread betting and access professional level charts, then please see below.
Also, don't forget that, in the UK, spread betting is tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you are trying to find a low cost financial spread betting site then you should note that you can speculate on GBP/AUD commission free via companies like:
If you want to open a Demo Account / Practice Account which lets you try out spread betting, and markets such as GBP/AUD, then take a look at:
Each of these companies currently provide a risk free Test Account that allows users to look at professional level charts, gain experience with a variety of orders and try out new theories.
Where Can I Find Live Spread Betting Prices and Charts for GBP/AUD? |
The CFD trading chart and prices below will offer readers a handy guide to the GBP/AUD FX market.
The above chart is from Plus500 and normally tracks the GBP/AUD futures price.
If you want to analyse up-to-the-minute spread trading prices and charts for GBP/AUD, you will generally need a financial spread betting account.
You can also use a spreads account to trade shorter-term daily markets. Users should note that opening such an account is subject to status and credit checks.
Should your account application be approved then you will be able to log in and access the charts and live prices. On most platforms, these will be provided as part of the service. The catch is that you could receive the odd sales call and/or email from the relevant broker.
If you want to trade then, before you start, be aware that financial spread betting and contracts for difference do involve a high level of risk to your funds and it's possible to lose more than your initial investment.
Professional Charting Packages for GBP/AUD |
Whilst charting software and packages differ from provider to provider, in order to aid your analysis, the majority of charts usually have useful features and tools, including:
- A number of time periods, for example, 3 minutes, 30 minutes, 4 hours etc.
- Various displays, for example, candle charts and line charts
- Drawing tools and options, for example, trendlines, Fibonacci time zones, fans and arcs
- Technical indicators and chart overlays, for example, Moving Average, Momentum Percentage, Average Directional Index etc.
The charts with CapitalSpreads also have other benefits:
- Back Testing
- Automated alerts for when a market hits a pre-set level
FinancialSpreads forex candlestick chart
The spread betting firms listed below offer their users live charts and prices:
How to Spread Bet on GBP/AUD? |
As with a range of financial markets, an investor can place a spread bet on forex pairs, such as GBP/AUD, to rise or fall.
Looking at a financial spread betting site like InterTrader, we can see that they are currently valuing the GBP/AUD Rolling Daily market at A$1.53904 - A$1.54004. Therefore, an investor could spread trade on the GBP/AUD rate:
 Going above A$1.54004, or
 Going below A$1.53904
Whilst spread betting on GBP/AUD you trade in £x per point where a point is A$0.00010 of the pairs movement. Therefore, if you chose to risk £3 per point and GBP/AUD moves 32.0 points then that would alter your profits (or losses) by £96. £3 per point x A$0.00320 = £3 per point x 32.0 points = £96.
Rolling Daily FX Markets
This is a Rolling Daily Market which means that unlike a futures market, there is no closing date. If your position is still open at the end of the day, it will just roll over into the next trading session.
If you do roll over an FX trade then you'll be charged a small overnight financing fee. You can learn more about Rolling Daily Markets in our article Rolling Daily Spread Betting.
GBP/AUD Rolling Daily - Forex Spread Betting Example |
If you consider the above spread of A$1.53904 - A$1.54004 and make the assumptions:
- You have done your analysis of the currency markets, and
- You feel that the GBP/AUD rate will increase and move above A$1.54004
Then you could buy at A$1.54004 and invest, for the sake of argument, £3 per point.
With such a bet you win £3 for every point (A$0.00010) that the GBP/AUD pair increases higher than A$1.54004. Conversely, however, you will lose £3 for every point that the GBP/AUD market falls lower than A$1.54004.
Thinking of this in a slightly different way, if you buy a spread bet then your profits (or losses) are calculated by taking the difference between the settlement price of the market and the price you bought the market at. You then multiply that price difference by the stake.
As a result, if the FX pair moved higher then you might want to close your spread bet to lock in your profit.
If that happened then the spread, determined by the spread betting company, might change to A$1.54389 - A$1.54489. You would settle/close your trade by selling at A$1.54389. As a result, with the same £3 stake this trade would make you a profit of:
Profit = (Settlement Level - Opening Level) x stake
Profit = (A$1.54389 - A$1.54004) x £3 per point stake
Profit = A$0.00385 x £3 per point stake
Profit = 38.5 points x £3 per point stake
Profit = £115.50 profit
Trading currencies, whether by spread betting or not, is not always easy. In this case, you had bet that the forex rate would increase. Nevertheless, the currency rate might go down.
If the GBP/AUD market had fallen then you could close your spread bet to limit your losses.
Should the spread pull back to A$1.53580 - A$1.53680 you would close your spread bet by selling at A$1.53580. That would mean you would lose:
Loss = (Settlement Level - Opening Level) x stake
Loss = (A$1.53580 - A$1.54004) x £3 per point stake
Loss = -A$0.00424 x £3 per point stake
Loss = -42.4 points x £3 per point stake
Loss = -£127.20 loss
Note: GBP/AUD Rolling Daily spread betting market taken as of 11-Sep-12.
Advert:
GBP/AUD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/AUD 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.
'GBP/AUD Spread Betting' by DB, updated 16-May-13
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