NZD/USD Spread Betting
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Welcome to Clean Financial's guide to NZD/USD spread betting.
Quick and simple answers to common NZD/USD questions:
Q) Where can I Spread Bet on NZD/USD?
Q) Where can I Trade for Free on NZD/USD?
Q) How to Spread Bet on NZD/USD?
Q) Where can I find Free Live Prices on NZD/USD?
Q) Where can I find Free NZD/USD Charts?
Q) Where can I find free Forex Trading News?
Q) Where can I find Narrow Forex Spreads?
Q) Where can I Trade Fixed-Odds Forex?
Advert:
NZD/USD Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on NZD/USD with
Financial Spreads.
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Spread Betting Companies - Forex Spreads Comparison
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| GBP / USD Daily - Spread Size |
2 |
2 |
2 |
2 |
3 |
0.8 |
2 |
2 |
| GBP / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
| GBP / USD Future - Spread Size |
8 |
8 |
12 |
8 |
8 |
- |
8 |
8 |
| GBP / USD Future - Min Stake |
£1 |
$0.60 |
£1 |
£1 |
£1 |
- |
£1 |
£1 |
| EUR / GBP Daily - Spread Size |
1 |
2 |
2 |
1 |
1 |
1 |
1 |
1 |
| EUR / GBP Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
| EUR / GBP Future - Spread Size |
6 |
8 |
10 |
6 |
6 |
- |
6 |
6 |
| EUR / GBP Future - Min Stake |
£1 |
$0.60 |
£1 |
£1 |
£0.5 |
- |
£1 |
£1 |
| EUR / USD Daily - Spread Size |
1 |
1 |
1 |
1 |
2 |
0.8 |
1 |
1 |
| EUR / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
| EUR / USD Future - Spread Size |
8 |
8 |
12 |
8 |
8 |
3 |
8 |
8 |
| EUR / USD Future - Min Stake |
£1 |
$0.60 |
£1 |
£1 |
£1 |
£1 |
£1 |
£1 |
| USD / JPY Daily - Spread Size |
1 |
2 |
1 |
1 |
2 |
0.8 |
1 |
1 |
| USD / JPY Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
| USD / JPY Future - Spread Size |
8 |
8 |
12 |
8 |
10 |
- |
8 |
8 |
| USD / JPY Future - Min Stake |
£1 |
¥100 |
£1 |
£1 |
£0.5 |
- |
£1 |
£1 |
Comparison Notes
Where can I Spread Bet on NZD/USD?
You can currently spread bet on NZD/USD and other forex markets at:
Where can I Trade NZD/USD for Free?
It depends upon what you mean by free. If you're looking for a free Demo Account where you can practice spread trading, see below.
Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on NZD/USD markets and other forex markets commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including forex markets like NZD/USD, then you can you can always try:
Each of the above currently offers a free Demo Account.
How to Spread Bet on Forex - NZD/USD Rolling Daily
As with a wide range of markets, investors can place a spread bet on currency rates, like NZD/USD, to rise or fall.
Looking at the FinancialSpreads website, they are currently pricing the NZD/USD Rolling Daily market at $0.73809 - $0.73849. Therefore, you can spread bet on the NZD/USD foreign exchange rate:
- Rising above $0.73849, or
- Falling below $0.73809
When placing a spread bet on NZD/USD you trade in £x per point where a point is $0.00010 of the pairs movement. So, if you chose to risk £6 per point and NZD/USD moves $0.00050 then that would change your profits (or losses) by £30. £6 per point x $0.00050 = £6 per point x 5.0 points = £30.
Rolling Daily Foreign Exchange Markets
One important thing to note is that this is a 'Rolling Daily Market' and therefore unlike a normal spread betting futures market, there is no closing date. As a result, if your trade is still open at the end of the trading day, it will roll over to the next session.
If you do let your trade roll over into the next day and are spread betting on the market to:
- Go up - then you will normally be charged a small financing fee, or
- Go down - then a small payment is normally credited to your account
For a more detailed example see Rolling Daily Spread Betting.
NZD/USD Rolling Daily Trading Example
If we think about the spread of $0.73809 - $0.73849 and assume:
- you have analysed your chosen market, and
- you think that the NZD/USD market will increase and go higher than $0.73849
then you could decide to buy at $0.73849 for a stake of £3 per point.
Therefore, you win £3 for every point ($0.00010) that the NZD/USD currency rate pushes above $0.73849. Nevertheless, it also means that you will make a loss of £3 for every point that the NZD/USD market moves below $0.73849.
Looking at this from another angle, should you buy a spread bet then your profit/loss is calculated by taking the difference between the final price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
Therefore, if after a few hours the FX rate rose then you might want to close your trade and therefore guarantee your profits.
So if the market increased then the spread, set by the spreads firm, might be adjusted to $0.74218 - $0.74258. You would close your trade by selling at $0.74218. Accordingly, with the same £3 stake your profit would be:
P&L = (Settlement Level - Initial Level) x stake
P&L = ($0.74218 - $0.73849) x £3 per point stake
P&L = $0.00369 x £3 per point stake
P&L = 36.9 points x £3 per point stake
P&L = £110.70 profit
Speculating on FX, whether by spread betting or otherwise, is not straightforward. In this case, you had bet that the FX pair would increase. Naturally, the FX rate might fall.
If the NZD/USD rate had fallen then you could close your spread bet in order to restrict your losses.
Should the spread drop to $0.73443 - $0.73483 then this means you would settle your position by selling at $0.73443. Therefore, you would make a loss of:
P&L = (Settlement Level - Initial Level) x stake
P&L = ($0.73443 - $0.73849) x £3 per point stake
P&L = -$0.00406 x £3 per point stake
P&L = -40.6 points x £3 per point stake
P&L = -£121.80 loss
Note: NZD/USD Rolling Daily spread accurate as of 07-Mar-11.
Where can I Find Free Live Prices on NZD/USD?
If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
There are also live prices available at:
Where can I Find Free NZD/USD Charts?
As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see, the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.
Where can I Trade Fixed-Odds NZD/USD?
You can trade a range of Fixed-Odds foreign exchange markets like EUR/USD, GBP/USD, EUR/GBP, EUR/JPY, USD/CZK, GBP/NOK etc with BetOnMarkets.
Depending upon the market there are a number of trades available including: Flash Up/Down, 10 minute Intraday Doubles, 60 minute Intraday Doubles, Daily Doubles, Expiry/Boundary contracts.
For more on Fixed-Odds trading see: Financial Fixed Odds.
Advert:
NZD/USD Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on NZD/USD with
Financial Spreads.
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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/USD Spread Betting' by DB, updated 15-May-12
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