NZD/CHF Spread Betting
Where Can I Spread Bet on NZD/CHF? |
At the moment, investors are able to financial spread bet with no brokers' fees and no commissions on NZD/CHF, and a broad range of other financial markets, through providers like:
Advert:
NZD/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on NZD/CHF with
Financial Spreads.
|
Where Can I Spread Bet on NZD/CHF for Free? |
Investing always has risks, however, if you want to try a Test Account (free), that allows you to look at professional charts and try spread trading, then please see below for more details.
When considering which investment option is right for you, don't forget that financial spread betting in the UK is currently tax free*, i.e. it is exempt from income tax, stamp duty and capital gains tax.
If you are looking for a free spread betting site, you should keep in mind that investors can speculate on NZD/CHF without paying any commissions or brokers' fees via providers like:
If you want to open an entirely free Practice Account / Test Account which lets users try out financial spread betting, and trading markets like the FTSE 100, gold and NZD/CHF, then look into:
The above companies provide a free Practice Account that allows users to apply a host of orders, look at charts and test strategies.
Where Can I Find Live Spread Betting Prices and Charts for NZD/CHF? |
The CFD chart and prices below will provide readers with a useful insight into the NZD/CHF FX market.
The Plus 500 chart that we use above normally shows the underlying NZD/CHF futures contract.
To analyse spread trading charts and live prices for NZD/CHF, you will generally require a financial spread betting account.
A spreads account also gives you access to shorter-term daily prices. Accounts are normally dependent on suitability and status checks.
If your new account is accepted then, after logging on, you will be able to review the real time trading charts and prices. These are normally provided as part of the service. The catch? You'll probably receive the occasional sales letter and/or call from the spread trading provider.
Of course, if you do decide to trade then, before starting, be aware that financial spread betting and CFD trading involve a high level of risk to your capital and can result in losses that exceed your initial investment.
Professional Charting Packages for NZD/CHF |
Even though charts can vary between firms, in order to help your trading, they usually have handy features and tools, including:
- A variety of intervals e.g. 2 minutes, 30 minutes, 1 day and so on
- A variety of display styles e.g. line and candle charts
- Drawing features e.g. Fibonacci fans, arcs and time zones
- Overlays and technical indicators e.g. Bollinger Bands, Chaikin's Volatility and so on
Charts from CapitalSpreads also include more advanced aspects such as:
- BackTesting and Analysis tools
- Customised alerts when your chosen market hits a pre-set price
Example forex market trading chart
The following spread betting firms provide account holders with live prices/charts:
How to Spread Bet on NZD/CHF? |
As with most key markets, you can place a spread bet on FX rates, such as NZD/CHF, to rise or fall.
Looking at a financial spread betting site like Tradefair, you can see they are currently showing the NZD/CHF Rolling Daily market at SFr 0.76788 - SFr 0.76848. This means that you can put a spread bet on the NZD/CHF pair:
 Going above SFr 0.76848, or
 Going below SFr 0.76788
Whilst placing a spread bet on NZD/CHF you trade in £x per point where a point is SFr 0.00010 of the pairs movement. As a result, if you decided to have a stake of £2 per point and NZD/CHF moves 25.0 points then that would be a difference to your P&L of £50. £2 per point x SFr 0.00250 = £2 per point x 25.0 points = £50.
Rolling Daily FX Markets
Note that this is a Rolling Daily Market and therefore in contrast with futures markets, there is no closing date. You do not have to close your trade, should it still be open at the end of the trading day, it simply keeps rolling over into the next day.
Should your forex bet roll over then you are charged a small overnight financing fee. For a worked example please see Rolling Daily Spread Betting.
NZD/CHF Rolling Daily - Forex Spread Trading Example |
Now, if you think about the above spread of SFr 0.76788 - SFr 0.76848 and assume:
- You have analysed the FX markets, and
- Your research leads you to think that the NZD/CHF rate will increase and go higher than SFr 0.76848
Then you may decide that you are going to go long of the market at SFr 0.76848 for a stake of, for the sake of argument, £2 per point.
With such a bet you make a profit of £2 for every point (SFr 0.00010) that the NZD/CHF rate pushes above SFr 0.76848. Of course, such a bet also means that you will lose £2 for every point that the NZD/CHF market falls lower than SFr 0.76848.
Considering this from another angle, if you ‘Buy’ a spread bet then your profit/loss is found by taking the difference between the settlement price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.
As a result, if the currency rate moved higher then you could consider closing your spread bet to secure your profit.
So if the market increased then the spread might move to SFr 0.77386 - SFr 0.77446. In order to close your trade you would sell at SFr 0.77386. As a result, with the same £2 stake you would make:
Profit / loss = (Closing Price - Initial Price) x stake
Profit / loss = (SFr 0.77386 - SFr 0.76848) x £2 per point stake
Profit / loss = SFr 0.00538 x £2 per point stake
Profit / loss = 53.8 points x £2 per point stake
Profit / loss = £107.60 profit
Trading currencies can work against you. In this case, you wanted the currency pair to increase. Nevertheless, it could go down.
If the NZD/CHF market began to drop then you could choose to close your spread bet in order to restrict your losses.
So if the market fell to SFr 0.76387 - SFr 0.76447 then you would sell back your position at SFr 0.76387. Therefore, you would make a loss of:
Profit / loss = (Closing Price - Initial Price) x stake
Profit / loss = (SFr 0.76387 - SFr 0.76848) x £2 per point stake
Profit / loss = -SFr 0.00461 x £2 per point stake
Profit / loss = -46.1 points x £2 per point stake
Profit / loss = -£92.20 loss
Note - NZD/CHF Rolling Daily currency market quoted as of 11-Sep-12.
Advert:
NZD/CHF Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on NZD/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.
'NZD/CHF Spread Betting' by DB, updated 14-Jun-13
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