NZD/USD Spread Betting
Where Can I Spread Bet on NZD/USD? |
You are currently able to spread bet without paying any commissions or brokers' fees on NZD/USD, as well as a range of other spread trading markets, at:
Advert:
NZD/USD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on NZD/USD with
Financial Spreads.
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Where Can I Spread Bet on NZD/USD for Free? |
Trading the financial markets is not without risk. Having said that, if you would like to open a free Test Account, which lets you try out spread betting and look at charts, then see below.
When thinking about which investment option might work for you, don't forget that in the UK, financial spread betting is currently tax free*, i.e. there is no stamp duty, capital gains tax or income tax.
If you are interested in a free spread trading site then note that you are able to take a view on NZD/USD without paying any commissions via providers like:
If you want to open a completely free Demo Account that lets you get a better feel for financial spread betting, and speculating on markets like NZD/USD, then take a look at:
All of the above companies offer a free Test Account that allows users to try out trading theories, gain experience with a range of orders and review charts.
Where Can I Find Live Spread Betting Prices and Charts for NZD/USD? |
The real-time CFD chart below provides users with a helpful view of the NZD/USD forex pair.
The Plus 500 chart that we use above usually follows the NZD/USD futures price.
To analyse spread trading charts/prices for NZD/USD, an option is to use a spread trading account.
Also, a spreads account will let you access the shorter-term spot markets. Please note that accounts are normally dependent on credit, status and suitability checks.
If your account application is accepted then you will be able to log in and see the real-time charts and prices. On most platforms, these will be provided as part of the service. The catch? You might get an occasional email and/or sales call from your chosen spread trading provider.
If you want to trade then, before starting, remember that financial spread betting and CFDs do carry a high degree of risk and you can incur losses that exceed your initial deposit.
Professional Level Charting Packages for NZD/USD |
Despite the fact that the charting packages can differ between platforms, to aid your trading decisions, the charts generally have handy features and tools, including:
- An array of time periods - 15 minutes, 4 hours, 1 day etc.
- Various display styles - candlestick and bar charts
- Tools for drawing and adding features - Fibonacci Fans, Time Zones and Arcs
- Overlays and technical indicators - Exponential Moving Average, Chaikin's Volatility etc.
The charts with CapitalSpreads also come with other benefits such as:
- Back Testing tools
- Email alerts that trigger when the markets reach a particular level
Sample FinancialSpreads forex market candlestick chart
The financial spread betting brokers listed below provide users with real time prices and charts:
How to Spread Bet on NZD/USD? |
As with a range of financial markets, you can speculate on FX pairs, like NZD/USD, to go up or down.
Looking at Capitalspreads, you can see that they are currently offering the NZD/USD Rolling Daily market at $0.81794 - $0.81814. This means you could spread bet on the NZD/USD pair:
 Rising above $0.81814, or
 Falling below $0.81794
When financial spread betting on NZD/USD you trade in £x per point where a point is $0.00010 of the pairs movement. So, if you choose to risk £4 per point and NZD/USD moves 32.0 points then there would be a difference to your profit/loss of £128. £4 per point x $0.00320 = £4 per point x 32.0 points = £128.
Rolling Daily FX Markets
An important aspect of this Rolling Daily Market is that there is no preset closing date for this market. If you decide to leave your trade open at the end of the day, it simply keeps rolling over into the next trading session.
Should your forex trade roll over then you will usually be charged a small overnight financing fee. Our article Rolling Daily Spread Betting goes into more detail about Rolling Daily Markets and includes a fully worked example.
NZD/USD Rolling Daily - Foreign Exchange Spread Trading Example |
Now, if you consider the spread of $0.81794 - $0.81814 and make the assumptions:
- You have analysed the forex markets, and
- You feel that the NZD/USD market will move higher than $0.81814
Then you might decide that you want to go long of the market at $0.81814 and invest, let’s say, £2 per point.
So, you gain £2 for every point ($0.00010) that the NZD/USD rate increases above $0.81814. Nevertheless, you will make a loss of £2 for every point that the NZD/USD market goes below $0.81814.
Looking at this from another angle, if you were to buy a spread bet then your P&L is calculated by taking the difference between the final price of the market and the price you bought the market at. You then multiply that difference in price by your stake.
With this in mind, if after a few hours the forex rate rose then you might consider closing your spread bet in order to secure your profit.
If that happened then the spread, set by the spread betting company, could change to $0.82346 - $0.82366. In order to close your spread bet you would sell at $0.82346. As a result, with the same £2 stake you would make:
Profit / loss = (Final Level - Initial Level) x stake
Profit / loss = ($0.82346 - $0.81814) x £2 per point stake
Profit / loss = $0.00532 x £2 per point stake
Profit / loss = 53.2 points x £2 per point stake
Profit / loss = £106.40 profit
Trading currencies, by spread trading or otherwise, is not straightforward. In the above example, you had bet that the currency pair would go up. Naturally, the FX rate might go down.
If the NZD/USD rate began to drop then you could choose to close your spread bet to stop any further losses.
If the spread fell to $0.81344 - $0.81364 then this means you would settle/close your trade by selling at $0.81344. So your loss would be calculated as:
Profit / loss = (Final Level - Initial Level) x stake
Profit / loss = ($0.81344 - $0.81814) x £2 per point stake
Profit / loss = -$0.00470 x £2 per point stake
Profit / loss = -47.0 points x £2 per point stake
Profit / loss = -£94.00 loss
Note: NZD/USD Rolling Daily spread correct as of 11-Sep-12.
Advert:
NZD/USD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on NZD/USD 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/USD Spread Betting' by DB, updated 14-Jun-13
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