GBP/ZAR Spread Betting
Where Can I Spread Bet on GBP/ZAR? |
At the moment, you are able to trade with no brokers' fees and zero commissions on GBP/ZAR with these spread betting companies:
GBP/ZAR Market Analysis and Trading News
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| 22-May-13 |
[4:00am] GBP/ZAR is trading $0.0493 (0.34%) higher at R 14.5175.
Update by 
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| 21-May-13 |
[4:00am] GBP/ZAR is trading -$0.0068 (-0.05%) lower at R 14.3995.
Update by
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» More forex trading views and analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Advert:
GBP/ZAR Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/ZAR with
Financial Spreads.
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Where Can I Spread Bet on GBP/ZAR for Free? |
Investing in the financial markets is never risk free, but if you want to try a completely free Test Account, that allows you to try out spread betting on a wide variety of markets, see below for more details.
When considering which trading option might work for you, also remember that in the UK, spread trading is currently tax free*, i.e. there is no capital gains tax, stamp duty or income tax.
If you're looking for a low cost spread betting site, you should note that investors are able to speculate on GBP/ZAR without having to pay any brokers' fees or commissions through firms like:
If you're interested in a virtual money Practice Account / Demo Account where you can get a better feel for online spread betting, including trading markets like the Dow Jones, gold, EUR/USD and GBP/ZAR, then look into:
Each of the companies listed above provide a risk free Test Account that lets investors apply a host of orders, review charts and test new trading theories.
How to Spread Bet on GBP/ZAR? |
As with a wide variety of financial markets, an investor can speculate on FX pairs, such as GBP/ZAR, to either rise or fall.
Looking at a website like Financial Spreads, you can see they are pricing the GBP/ZAR Rolling Daily market at R 13.0736 - R 13.0976. As a result, an investor can spread trade on the GBP/ZAR rate:
 Moving above R 13.0976, or
 Moving below R 13.0736
When making a spread bet on GBP/ZAR you trade in £x per point where a point is R 0.0010 of the pairs movement. As a result, should you decide to risk £2 per point and GBP/ZAR moves 40.0 points then that would be a difference to your profits (or losses) of £80. £2 per point x R 0.0400 = £2 per point x 40.0 points = £80.
Rolling Daily FX Markets
An important aspect of this Rolling Daily Market is that unlike a normal futures market, there is no closing date. If you leave your position open at the end of the day, it just rolls over into the next session.
If an FX spread bet is rolled over then you would normally pay a small financing fee. For more information see Rolling Daily Spread Betting.
GBP/ZAR Rolling Daily - Forex Trading Example |
Now, if you consider the spread of R 13.0736 - R 13.0976 and make the assumptions that:
- You have completed your market analysis, and
- It leads you to think that the GBP/ZAR market will go above R 13.0976
Then you may buy at R 13.0976 for a stake of £2 per point.
With such a bet you win £2 for every point (R 0.0010) that the GBP/ZAR pair pushes higher than R 13.0976. Having said that, you will lose £2 for every point that the GBP/ZAR market decreases lower than R 13.0976.
Put another way, if you 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 the stake.
If after a few hours the currency rate moved higher then you could consider closing your trade so that you can guarantee your profit.
So if the market increased then the spread, set by the spread betting company, could change to R 13.1631 - R 13.1871. You would close your spread bet by selling at R 13.1631. Accordingly, with the same £2 stake you would make:
P&L = (Settlement Level - Initial Level) x stake
P&L = (R 13.1631 - R 13.0976) x £2 per point stake
P&L = R 0.0655 x £2 per point stake
P&L = 65.5 points x £2 per point stake
P&L = £131.00 profit
Trading FX, by spread trading or otherwise, won’t always go to plan. With the above, you wanted the forex pair to increase. Nevertheless, the FX rate might go down.
If the GBP/ZAR rate had started to drop then you might decide to settle/close your trade to limit your losses.
Should the spread drop to R 13.0387 - R 13.0627 then you would settle your spread bet by selling at R 13.0387. Accordingly, your loss would be:
P&L = (Settlement Level - Initial Level) x stake
P&L = (R 13.0387 - R 13.0976) x £2 per point stake
P&L = R -0.0589 x £2 per point stake
P&L = -58.9 points x £2 per point stake
P&L = -£117.80 loss
Note: GBP/ZAR Rolling Daily spread quoted as of 11-Sep-12.
Where Can I Find Live Spread Betting Prices and Charts for GBP/ZAR? |
If you'd like to study live trading charts/prices for GBP/ZAR, you could use a spread betting account. Readers should note that opening a spreads account is subject to status and suitability checks.
Should your application be approved then you can log in and see the live trading charts and prices. These are normally provided as part of the service, however, you could get an occasional email and/or sales call from your spread trading provider.
Of course, if you were to trade then, before you start, remember that spread betting carries a significant level of risk to your capital and you could lose more than your initial investment.
Though charts tend to vary between firms, they generally have user friendly tools and features that include:
- A range of time intervals - 3 minutes, 4 hours, 1 week etc
- Different chart views - bar charts and candlestick charts
- Drawing tools - Fibonacci Arcs, Time Zones and Fans
- Chart overlays and technical indicators - Exponential Moving Average, Relative Strength Index (RSI) etc
The charts provided by FinancialSpreads.com also offer other benefits such as:
- BackTesting and Analysis tools
- Custom email notifications that trigger when the markets reach a pre-set level
Example FX trading chart
The following spread trading firms provide users with live charts/prices:
Advert:
GBP/ZAR Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/ZAR with
Financial Spreads.
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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/ZAR Spread Betting' by DB, updated 22-May-13
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