USD/NOK Spread Betting

The CleanFinancial guide to USD/NOK spread betting.

• Where Can I Spread Bet on USD/NOK?
• Live USD/NOK Charts
• Live USD/NOK Prices
• USD/NOK Trading News and Analysis
• Where Can I Trade USD/NOK for Free?
• Where Can I Practice Trading USD/NOK?
• How to Spread Bet on USD/NOK?
• Forex Spread Betting Guide

Live USD/NOK Chart & Prices

The CFD trading chart and prices below will offer readers a helpful view of the USD/NOK rate.


The Plus 500 chart above normally shows the USD/NOK futures market.

If you want to analyse spread betting prices and live charts for USD/NOK, an option is to use a spread betting account.

Also, a spreads account lets you trade on the short-term daily prices. Note: Such accounts are normally dependent on suitability and status checks.

If your account application is approved then, when you log on, you will be able to look at the real time charts/prices. On most platforms, these will be provided as part of the service. What’s the catch? You might get the odd sales call or newsletter from your spread trading company.

Of course, if you want to trade then be aware that financial spread betting and contracts for difference do carry a high level of risk to your capital and you could lose more than your initial deposit.

Where Can I Spread Bet on USD/NOK?

Investors can spread bet with no brokers’ fees and no commissions on USD/NOK with any of these spread betting firms:

• City Index
• Financial Spreads
• IG
• InterTrader
• Spreadex

USD/NOK Market Analysis and Trading News

» More forex trading views and analysis.


Sample FinancialSpreads FX trading chart



The following online spread betting firms let their account holders have access to live prices and charts:

• City Index (read review)
• ETX Capital (read review)
• Financial Spreads (read review)
• Finspreads (read review)
• IG (read review)
• Inter Trader (read review)
• Spreadex (read review)

Where Can I Trade USD/NOK for Free?

Investing involves an element of risk. Having said that, if you would like to open a Practice Account, where you can trial spread trading on a large range of markets, then please see below.

Also, don’t forget that spread betting, in the UK, is currently exempt from stamp duty, capital gains tax and income tax*.

If you’re looking for a low cost spread betting site, you should keep in mind that you are able to take a view on USD/NOK without having to pay any brokers’ fees with providers like:

• City Index
• Financial Spreads
• IG Index
• Inter Trader
• Spreadex

Free Demo Account

Should you want a completely free Demo Account where users can try financial spread betting, and speculating on markets such as EUR/USD, the Dow Jones and USD/NOK, then you can always consider:

• Financial Spreads
• Inter Trader

Each of the spread trading firms listed above provide a free Demo Account that investors can use to test theories, analyse professional level charts and practice with an array of trading orders.

How to Spread Bet on USD/NOK?

As with many markets, you are able to spread bet on forex pairs, such as USD/NOK, to either increase or decrease.

Looking at a financial spread betting website like Selftrade Markets, we can see that they have priced the USD/NOK Rolling Daily market at kr 5.76241 – kr 5.76741. As a result, an investor can spread bet on the USD/NOK rate:

  Increasing higher than kr 5.76741, or
  Decreasing lower than kr 5.76241

When spread trading on USD/NOK you trade in £x per point where a point is kr 0.00010 of the pairs movement. So, should you choose to risk £5 per point and USD/NOK moves 21.0 points then that would change your profit/loss by £105. £5 per point x kr 0.00210 = £5 per point x 21.0 points = £105.

Rolling Daily FX Markets

It’s important to note that this is a Rolling Daily Market and so 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 simply keeps rolling over into the next day.

If you do roll over a forex position then you are charged a small overnight financing fee. You can learn more about Rolling Daily Markets in our article Rolling Daily Spread Betting.

USD/NOK Trading Example 1

So, if you think about the above spread of kr 5.76241 – kr 5.76741 and make the assumptions that:

• You have completed your FX market analysis, and
• You feel that the USD/NOK market will go above kr 5.76741

Then you might decide that you are going to buy a spread bet at kr 5.76741 for a stake of, let’s say, £2 per point.

So, you make a profit of £2 for every point (kr 0.00010) that the USD/NOK pair rises higher than kr 5.76741. Of course, you will lose £2 for every point that the USD/NOK market decreases below kr 5.76741.

Thinking of this in a slightly different way, should you buy a spread bet then your P&L is worked out by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that difference in price by the stake.

Therefore, if after a few trading sessions the forex pair moved higher then you could consider closing your trade so that you can guarantee your profit.

Taking this a step further, if the market did go up then the spread, determined by the spread betting firm, could change to kr 5.77318 – kr 5.77818. To settle/close your trade you would sell at kr 5.77318. Therefore, with the same £2 stake your profit would be:

P&L = (Closing Price – Opening Price) x stake
P&L = (kr 5.77318 – kr 5.76741) x £2 per point stake
P&L = kr 0.00577 x £2 per point stake
P&L = 57.7 points x £2 per point stake
P&L = £115.40 profit

Trading FX, whether by spread betting or otherwise, may not go to plan. In this example, you had bet that the forex rate would increase. However, the forex rate might decrease.

If the USD/NOK rate weakened, against your expectations, then you might choose to close your trade to stop any further losses.

So if the spread fell to kr 5.76078 – kr 5.76578 then you would settle your trade by selling at kr 5.76078. That would mean you would make a loss of:

P&L = (Closing Price – Opening Price) x stake
P&L = (kr 5.76078 – kr 5.76741) x £2 per point stake
P&L = -kr 0.00663 x £2 per point stake
P&L = -66.3 points x £2 per point stake
P&L = -£132.60 loss

Note – USD/NOK Rolling Daily FX market taken as of 11-Sep-12.

How to Spread Bet on Dollar – Norwegian Krone – Example 2

Looking at a spread betting platform like Financial Spreads, we can see they have put the Dollar – Norwegian Krone Rolling Daily market at kr 5.70838 – kr 5.71338. As a result, an investor could spread bet on the Dollar – Norwegian Krone pair:

  Going above kr 5.71338, or
  Going below kr 5.70838

Whilst spread trading on Dollar – Norwegian Krone you trade in £x per point where a point is kr 0.00010 of the pairs movement. Therefore, if you choose to have a stake of £4 per point and Dollar – Norwegian Krone moves 33.0 points then that would be a difference to your P&L of £132. £4 per point x kr 0.00330 = £4 per point x 33.0 points = £132.

So, if you consider the spread of kr 5.70838 – kr 5.71338 and make the assumptions:

• You have completed your analysis of the currency markets, and
• Your research leads you to think the Dollar – Norwegian Krone market will move higher than kr 5.71338

Then you may choose to go long of the market at kr 5.71338 for a stake of £2 per point.

This means that you win £2 for every point (kr 0.00010) that the Dollar – Norwegian Krone rate moves above kr 5.71338. Having said that, it also means that you will lose £2 for every point that the Dollar – Norwegian Krone market moves lower than kr 5.71338.

Thinking of this in a slightly different way, should you buy a spread bet then your profits (or losses) are worked out by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.

With this in mind, if after a few days the foreign exchange rate started to increase then you might think about closing your spread bet and therefore guarantee your profits.

Therefore, if the market moved up then the spread, set by the spread trading firm, might move up to kr 5.72052 – kr 5.72552. To settle/close your trade you would sell at kr 5.72052. Accordingly, with the same £2 stake this trade would result in a profit of:

Profits (or losses) = (Final Level – Opening Level) x stake
Profits (or losses) = (kr 5.72052 – kr 5.71338) x £2 per point stake
Profits (or losses) = kr 0.00714 x £2 per point stake
Profits (or losses) = 71.4 points x £2 per point stake
Profits (or losses) = £142.80 profit

Trading forex, whether by spread trading or otherwise, can go against you. With the above, you wanted the forex pair to increase. Of course, the FX rate might fall.

If the Dollar – Norwegian Krone rate weakened, against your expectations, then you could choose to close your spread bet to stop any further losses.

If the market dropped to kr 5.70567 – kr 5.71067 then you would settle your spread bet by selling at kr 5.70567. That would mean you would make a loss of:

Profits (or losses) = (Final Level – Opening Level) x stake
Profits (or losses) = (kr 5.70567 – kr 5.71338) x £2 per point stake
Profits (or losses) = -kr 0.00771 x £2 per point stake
Profits (or losses) = -77.1 points x £2 per point stake
Profits (or losses) = -£154.20 loss

Note – Dollar – Norwegian Krone Rolling Daily market correct as of 18-Sep-12.