GBP/CHF Spread Betting
Where Can I Spread Bet on GBP/CHF? |
At the moment, you are able to take a view on GBP/CHF, plus a host of similar spread trading markets, through providers like:
Advert:
GBP/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/CHF with
Financial Spreads.
|
Where Can I Spread Bet on GBP/CHF for Free? |
Speculating does involve risk, but if you want to try a Demo Account, that allows you to try out spread betting, then please see below for further details.
When considering which investment option might work for you, also remember that, in the UK, spread trading is tax free*, i.e. there is no income tax, capital gains tax or stamp duty.
If you want to try a low cost spread betting website then note that you can financial spread bet on GBP/CHF commission free through providers such as:
Should you want a Demo Account / Practice Account where users can try out financial spread betting, including markets such as crude oil, the Dow Jones, USD/JPY and GBP/CHF, then you could take a look at:
All of the above spread betting companies currently provide a free Test Account that allows users to check professional charts, test ideas and practice with a range of trading orders.
Where Can I Find Live Spread Betting Prices and Charts for GBP/CHF? |
The real time CFD chart below provides users with a nice guide to the GBP/CHF currency pair.
The chart above normally follows the underlying GBP/CHF futures contract (not the spot market).
If you'd like access to real time financial spread betting charts/prices for GBP/CHF, you may need a spread betting account.
Also, a spreads account will give you access to short-term daily prices. Users should note that accounts are normally dependent on suitability and status checks.
Should your application be approved then you can log in and make use of the up-to-the-minute prices/charts. These are usually provided for free. The catch? You could receive an occasional call and/or letter from your spread trading broker.
Of course, if you do trade, be aware that spread trading and CFDs carry a high degree of risk to your funds and it's possible to incur losses that exceed your initial deposit.
Professional Level Charting Packages for GBP/CHF |
Whilst charting software/packages tend to differ from firm to firm, to help your trading decisions, most charts usually have useful features and tools that include:
- A large range of time periods, for example, 2 minutes, 30 minutes, 2 hours etc
- Different displays, for example, bar and candle charts
- Drawing tools, for example, Fibonacci time zones, fans and arcs
- Technical indicators, for example, Bollinger Bands, RSI etc
The charts provided by FinancialSpreads.com also offer other benefits such as:
- Back Testing and Analysis functions
- Email alerts for when a market hits a particular price
Example forex rate candle chart
The following online spread betting companies provide clients with live trading prices/charts:
How to Spread Bet on GBP/CHF? |
As with many global markets, an investor can spread bet on foreign exchange rates, such as GBP/CHF, to either rise or fall.
Looking at InterTrader, we can see they have put the GBP/CHF Rolling Daily market at SFr 1.50906 - SFr 1.50956. As a result, an investor could spread bet on the GBP/CHF rate:
 Moving above SFr 1.50956, or
 Moving below SFr 1.50906
Whilst financial spread betting on GBP/CHF you trade in £x per point where a point is SFr 0.00010 of the pairs movement. So, if you decided to have a stake of £4 per point and GBP/CHF moves 22.0 points then that would alter your P&L by £88. £4 per point x SFr 0.00220 = £4 per point x 22.0 points = £88.
Rolling Daily FX Markets
This is a Rolling Daily Market which means that in contrast with futures markets, there is no closing date. If your trade is open at the end of the day, it will just roll over into the next trading session.
Should your forex bet roll over then you'll normally be charged a small financing fee. For a more detailed guide to Rolling Daily Markets, including a fully worked example, please read our feature Rolling Daily Spread Betting.
GBP/CHF Rolling Daily - Foreign Exchange Trading Example |
So, if we consider the spread of SFr 1.50906 - SFr 1.50956 and assume that:
- You've done your research, and
- Your research leads you to think the GBP/CHF rate will move higher than SFr 1.50956
Then you might decide that you want to go long of the market at SFr 1.50956 and risk £3 per point.
This means that you make a profit of £3 for every point (SFr 0.00010) that the GBP/CHF pair increases above SFr 1.50956. On the other hand, it also means you will make a loss of £3 for every point that the GBP/CHF market moves below SFr 1.50956.
Put another way, if you were to ‘Buy’ a spread bet then your profit/loss is worked out by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.
If after a few trading sessions the FX rate rose then you might consider closing your trade so that you can secure your profit.
So if the market moved up then the spread, determined by the spread betting firm, could change to SFr 1.51333 - SFr 1.51383. To settle/close your trade you would sell at SFr 1.51333. Accordingly, with the same £3 stake:
Profits (or losses) = (Settlement Level - Initial Level) x stake
Profits (or losses) = (SFr 1.51333 - SFr 1.50956) x £3 per point stake
Profits (or losses) = SFr 0.00377 x £3 per point stake
Profits (or losses) = 37.7 points x £3 per point stake
Profits (or losses) = £113.10 profit
Trading FX, by spread betting or otherwise, is not straightforward. In this example, you had bet that the forex pair would go up. Nevertheless, it can also go down.
If the GBP/CHF market weakened, against your expectations, then you could choose to close your position to limit your losses.
So if the market dropped to SFr 1.50526 - SFr 1.50576 you would sell back your position at SFr 1.50526. This would result in a loss of:
Profits (or losses) = (Settlement Level - Initial Level) x stake
Profits (or losses) = (SFr 1.50526 - SFr 1.50956) x £3 per point stake
Profits (or losses) = -SFr 0.00430 x £3 per point stake
Profits (or losses) = -43.0 points x £3 per point stake
Profits (or losses) = -£129.00 loss
Note: GBP/CHF Rolling Daily FX market correct as of 11-Sep-12.
Advert:
GBP/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/CHF 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/CHF Spread Betting' by DB, updated 14-Jun-13
For related pages also see:
Forex Spread Betting, updated 20-Jun-13
Forex spread betting guide with live prices & charts. Plus daily forex analysis, a spread betting price comparison, tips on where to trade commission-free and tax-free* as well as...read article: Forex Spread Betting.
Forex Trading, updated 18-Jun-13
A look at forex trading accounts, commission free accounts, charts, a price comparison, regular market analysis, how to buy/sell popular forex markets e.g. EURUSD, GBPUSD, USDJPY and...read article: Forex Trading.
Forex Spread Betting Guides, updated 23-May-13
Over 40 individual forex spread betting guides for EUR/USD, EUR/GBP, USD/JPY, GBP/USD etc. Each guide looks at live prices and charts, a trading example, where to spread bet on the market and...read article: Forex Spread Betting Guides.
GBP/USD Spread Betting, updated 20-Jun-13
GBP/USD financial spread betting guide with a price comparison and daily analysis. Plus live GBP/USD charts & prices, where to spread bet on forex markets commission-free and tax-free* and how to...read article: GBP/USD Spread Betting.
USD/JPY Spread Betting, updated 20-Jun-13
USD/JPY financial spread betting guide with a price comparison and daily analysis. Plus live USD/JPY charts & prices, where to spread bet on forex markets commission-free and tax-free* and how to...read article: USD/JPY Spread Betting.
EUR/USD Spread Betting, updated 20-Jun-13
EUR/USD financial spread betting guide with a price comparison and daily analysis. Plus live EUR/USD charts & prices, where to spread bet on forex markets commission-free and tax-free* and how to...read article: EUR/USD Spread Betting.
EUR/GBP Spread Betting, updated 20-Jun-13
EUR/GBP financial spread betting guide with a price comparison and daily analysis. Plus live EUR/GBP charts & prices, where to spread bet on forex markets commission-free and tax-free* and how to...read article: EUR/GBP Spread Betting.
AUD/USD Spread Betting, updated 20-Jun-13
AUD/USD financial spread betting guide with daily updates. Plus live AUD/USD charts & prices, where to spread bet on forex markets tax-free* and commission-free as well as how to trade and ...read article: AUD/USD Spread Betting.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
