USD/ZAR Spread Betting
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Welcome to Clean Financial's guide to USD/ZAR spread betting.
Quick and simple answers to common USD/ZAR questions:
Q) Where can I Spread Bet on USD/ZAR?
Q) Where can I Trade for Free on USD/ZAR?
Q) How to Spread Bet on USD/ZAR?
Q) Where can I find Free Live Prices on USD/ZAR?
Q) Where can I find Free USD/ZAR 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:
USD/ZAR Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on USD/ZAR 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 USD/ZAR?
You can currently spread bet on USD/ZAR and other forex markets at:
Where can I Trade USD/ZAR 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 USD/ZAR 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 USD/ZAR, then you can you can always try:
Each of the above currently offers a free Demo Account.
How to Spread Bet on Forex - USD/ZAR Rolling Daily
As with many markets, an investor can speculate on foreign exchange pairs, like USD/ZAR, to rise or fall.
Looking at the Tradefair trading site, they are showing the USD/ZAR Rolling Daily market at R 6.9012 - R 6.9162. As a result, an investor could spread bet on the USD/ZAR forex pair:
- Rising higher than R 6.9162, or
- Falling lower than R 6.9012
Whilst financial spread trading on USD/ZAR you trade in £x per point where a point is R 0.0010 of the pairs movement. Therefore, should you choose to risk £4 per point and USD/ZAR moves R 0.0050 then there would be a difference to your profit/loss of £20. £4 per point x R 0.0050 = £4 per point x 5.0 points = £20.
Rolling Daily Forex Markets
This is a Rolling Daily Market which means that unlike a normal spread betting futures market, there is no closing date. Should your trade be left open at the end of the trading day, it will roll over to the next trading day.
If you allow your position to roll over and are spread betting on the market to:
- Rise - then you will be charged a small overnight financing fee, or
- Fall - then a small payment is normally credited to your account
For a worked example please see Rolling Daily Spread Betting.
USD/ZAR Rolling Daily Spread Betting Example
Now, if we think about the spread of R 6.9012 - R 6.9162 and assume that:
- you have done your market analysis, and
- you feel that the USD/ZAR rate will increase and go above R 6.9162
then you could decide that you are going to go long of the market at R 6.9162 for a stake of, for the sake of argument, £2 per point.
With such a bet you win £2 for every point (R 0.0010) that the USD/ZAR foreign exchange rate rises higher than R 6.9162. Having said that, such a bet also means that you will make a loss of £2 for every point that the USD/ZAR market decreases below R 6.9162.
Looked at another way, should you buy a spread bet then your profits (or losses) are calculated by taking the difference between the settlement price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.
As a result, if after a few hours the FX pair started to move upwards then you could choose to close your spread bet in order to lock in your profit.
Taking this a step further, if the market rose then the spread might change to R 6.9715 - R 6.9865. To close your position you would sell at R 6.9715. Therefore, with the same £2 stake:
Profits (or losses) = (Final Price - Initial Price) x stake
Profits (or losses) = (R 6.9715 - R 6.9162) x £2 per point stake
Profits (or losses) = R 0.0553 x £2 per point stake
Profits (or losses) = 55.3 points x £2 per point stake
Profits (or losses) = £110.60 profit
Speculating on forex, by spread betting or otherwise, is not straightforward. With the above, you had bet that the forex pair would rise. However, the currency rate can also fall.
If the USD/ZAR market decreased, contrary to your expectations, then you could choose to close your position to stop any further losses.
Should the market drop to R 6.8678 - R 6.8828 then this means you would close your trade by selling at R 6.8678. As a result, your loss would be:
Profits (or losses) = (Final Price - Initial Price) x stake
Profits (or losses) = (R 6.8678 - R 6.9162) x £2 per point stake
Profits (or losses) = R -0.0484 x £2 per point stake
Profits (or losses) = -48.4 points x £2 per point stake
Profits (or losses) = -£96.80 loss
Note: USD/ZAR Rolling Daily currency market correct as of 03-Mar-11.
Where can I Find Free Live Prices on USD/ZAR?
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 USD/ZAR 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 USD/ZAR?
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:
USD/ZAR Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on USD/ZAR 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.
'USD/ZAR Spread Betting' by DB, updated 11-May-12
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