Swiss Franc - Yen Spread Betting
Where Can I Spread Bet on Swiss Franc - Yen? |
You are currently able to financial spread bet commission free on Swiss Franc - Yen, as well as a wide array of other online markets, through firms like:
Advert:
Swiss Franc - Yen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Swiss Franc - Yen with
Financial Spreads.
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Where Can I Spread Bet on Swiss Franc - Yen for Free? |
Trading the financial markets always includes a degree of risk, however, if you'd like to open a (free) Practice Account, that allows you to trial spread trading and access charts, see below for more details.
In addition, spread betting in the UK is currently exempt from income tax, stamp duty and capital gains tax*.
If you are looking for a free spread betting site then you should keep in mind that investors are able to trade Swiss Franc - Yen with no brokers' fees and no commissions with companies such as:
If you want to have a look at a free Test Account / Demo Account which lets users get a feel for financial spread betting, including trading markets such as EUR/GBP, the DAX 30, crude oil and Swiss Franc - Yen, then you could have a closer look at:
The above spread betting companies provide a risk free Demo Account which lets users test trading theories, practice with a range of trading orders and review charts, including candlestick and bar charts.
Where Can I Find Live Spread Betting Prices and Charts for Swiss Franc - Yen? |
The following CFDs chart and prices will offer readers a guide to the Swiss Franc - Yen pair.
The Plus500 chart above normally shows the Swiss Franc - Yen futures contract.
If you'd like access to up-to-the-minute financial spread betting prices and charts for Swiss Franc - Yen, an option is to use a spread betting account.
In addition, a spreads account also lets you trade on short term daily markets. Users should note that all accounts are normally dependent on credit, status and suitability checks.
If your application is accepted then you will be able to log in and study the real-time prices and charts. On most platforms, these will be provided as part of the service. So what's the catch? You are likely to receive the odd call or email from your online spread betting company.
Of course, if you decide to trade then, before starting, you should be aware that financial spread trading and contracts for difference do involve a significant level of risk to your capital and can result in you losing more than your initial investment.
Advanced Charts for Swiss Franc - Yen |
Despite the fact that charts vary from provider to provider, in order to help your technical analysis, they often have handy tools, including:
- A broad variety of time intervals e.g. 2 minutes, 30 minutes, 4 hours and so on
- Various display options e.g. candlestick charts and line charts
- Drawing features e.g. Fibonacci arcs, fans and time zones
The charts on FinancialSpreads also have advanced features like:
- Customisable Indicators, Back Testing and Optimisation functions
- Key overlays e.g. Parabolic SAR, Ichimoku Clouds, Price Channels and so on
- Technical indicators e.g. TSI, Standard Deviation, Klinger Oscillator and so on
- Automatic alerts for when a market hits a certain level
Financial Spreads forex rate candlestick chart
The brokers listed below give users access to real-time prices and charts:
How to Spread Bet on Swiss Franc - Yen? |
As with a wide variety of financial markets, an investor can speculate on FX rates, such as Swiss Franc - Yen, to either increase or decrease.
Looking at a spread betting platform like Tradefair, you can see that they are pricing the Swiss Franc - Yen Rolling Daily market at ¥84.679 - ¥84.709. Therefore, an investor could put a spread bet on the Swiss Franc - Yen rate:
 Increasing above ¥84.709, or
 Decreasing below ¥84.679
Whilst financial spread trading on Swiss Franc - Yen you trade in £x per point where a point is ¥0.010 of the pairs movement. So, if you decide to have a stake of £3 per point and Swiss Franc - Yen moves 35.0 points then that would make a difference to your profits (or losses) of £105. £3 per point x ¥0.350 = £3 per point x 35.0 points = £105.
Rolling Daily Forex Markets
You should note that this is a 'Rolling Daily Market', therefore unlike a normal futures market, there is no settlement date. As a result, if your trade is still open at the end of the trading day, it will simply roll over to the next session.
If you do let your forex position roll over then you'll pay a small overnight financing fee. You can learn more in our feature Rolling Daily Spread Betting.
Swiss Franc - Yen Rolling Daily - Foreign Exchange Spread Betting Example |
Now, if we continue with the above spread of ¥84.679 - ¥84.709 and assume:
- You've completed your market research, and
- Your research leads you to think that the Swiss Franc - Yen rate will move higher than ¥84.709
Then you could buy at ¥84.709 and risk £2 per point.
With such a bet you win £2 for every point (¥0.010) that the Swiss Franc - Yen pair rises above ¥84.709. Nevertheless, you will lose £2 for every point that the Swiss Franc - Yen market moves below ¥84.709.
Looking at this from another angle, if you were to buy a spread bet then your profit/loss is calculated by taking the difference between the closing price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.
With this in mind, if after a few hours the forex rate moved higher then you might want to close your spread bet so that you can lock in your profit.
Taking this a step further, if the market did go up then the spread, set by the spread betting company, might move up to ¥85.133 - ¥85.163. In order to close your spread bet you would sell at ¥85.133. Accordingly, with the same £2 stake you would calculate your profit as:
Profits (or losses) = (Settlement Price - Opening Price) x stake
Profits (or losses) = (¥85.133 - ¥84.709) x £2 per point stake
Profits (or losses) = ¥0.424 x £2 per point stake
Profits (or losses) = 42.4 points x £2 per point stake
Profits (or losses) = £84.80 profit
Financial spread trading is not always simple. In this case, you wanted the FX pair to rise. However, it might go down.
If the Swiss Franc - Yen market began to drop then you might choose to close your trade to limit your losses.
If the spread dropped to ¥84.158 - ¥84.188 then this means you would settle your trade by selling at ¥84.158. That would mean you would make a loss of:
Profits (or losses) = (Settlement Price - Opening Price) x stake
Profits (or losses) = (¥84.158 - ¥84.709) x £2 per point stake
Profits (or losses) = -¥0.551 x £2 per point stake
Profits (or losses) = -55.1 points x £2 per point stake
Profits (or losses) = -£110.20 loss
Note: Swiss Franc - Yen Rolling Daily spread betting market correct as of 18-Sep-12.
Advert:
Swiss Franc - Yen Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Swiss Franc - Yen 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.
'Swiss Franc - Yen Spread Betting' by DB, updated 16-May-13
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