USD/CZK Spread Betting

The CleanFinancial guide to USD/CZK spread betting.

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

Live USD/CZK Chart & Prices

The real time CFDs chart below gives readers a useful guide to the USD/CZK currency rate.


The above Plus500 chart normally shows the USD/CZK futures contract.

To analyse real time spread betting prices and charts for USD/CZK, you will probably require a spread betting account.

In addition, a spreads account would give you access to daily markets. Please note that opening an account is subject to credit, status and suitability checks.

If your account application is approved, you can log on to check the live trading charts and prices. On most platforms, these are provided for free. What’s the catch? You are likely to get an occasional sales call or email from your chosen spread trading company.

If you do decide to trade then you should be aware that financial spread betting and CFDs involve a high degree of risk and can result in losses that are greater than your initial investment.

Where Can I Spread Bet on USD/CZK?

You can trade USD/CZK by trading with these spread betting providers:

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

USD/CZK Market Analysis and Trading News

» More forex trading views and analysis.


Example Financial Spreads currency market candlestick chart



The following spread trading companies offer their account holders real time 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/CZK for Free?

Investing always includes a degree of risk. Nevertheless, if you want to try a Demo Account (free), which lets you try out financial spread betting, then see below for further details.

In addition, spread trading, in the UK, is exempt from tax*.

If you’re trying to find a free spread betting site, keep in mind that investors are able to financial spread bet on USD/CZK with no brokers’ fees, and zero commissions, with providers like:

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

Free Demo Account

If you are looking for a completely free Demo Account / Test Account that allows you to try spread betting, and speculating on markets such as USD/CZK, then you could always have a look at:

• Financial Spreads
• Inter Trader

All of the above currently offer a free Practice Account that allows investors to practice with trading orders, use professional charts and test trading strategies.

How to Spread Bet on USD/CZK?

As with many global markets, it is possible to speculate on forex rates, like USD/CZK, to go up or down.

Looking at a financial spread betting platform like SelftradeMarkets, you can see that they are valuing the USD/CZK Rolling Daily market at 18.9091 Kc – 18.9431 Kc. As a result, you can spread bet on the USD/CZK rate:

  Moving above 18.9431 Kc, or
  Moving below 18.9091 Kc

Whilst making a spread bet on USD/CZK you trade in £x per point where a point is 0.0010 Kc of the pairs movement. Therefore, if you invested £2 per point and USD/CZK moves 25.0 points then that would make a difference to your bottom line of £50. £2 per point x 0.0250 Kc = £2 per point x 25.0 points = £50.

Rolling Daily Foreign Exchange Markets

One thing to note is that this is a Rolling Daily Market which means that it does not have a set settlement date. Should your trade be left open at the end of the trading day, it will just roll over into the next day.

If you do roll over an FX bet then you will normally be charged a small financing fee. You can learn more in our feature Rolling Daily Spread Betting.

USD/CZK Trading Example 1

So, if you continue with the above spread of 18.9091 Kc – 18.9431 Kc and make the assumptions:

• You’ve completed your FX market analysis, and
• Your research suggests that the USD/CZK rate will push above 18.9431 Kc

Then you might choose to buy at 18.9431 Kc and risk, let’s say, £2 per point.

So, you make a profit of £2 for every point (0.0010 Kc) that the USD/CZK pair rises higher than 18.9431 Kc. Having said that, it also means that you will make a loss of £2 for every point that the USD/CZK market goes lower than 18.9431 Kc.

Considering this from another angle, if you were to ‘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 market at. You then multiply that price difference by the stake.

With this in mind, if after a few sessions the rate rose then you might want to close your spread bet in order to guarantee your profit.

So if the market moved up then the spread, set by the spread betting company, might move up to 19.0283 Kc – 19.0623 Kc. In order to close your spread bet you would sell at 19.0283 Kc. As a result, with the same £2 stake this trade would result in a profit of:

Profits (or losses) = (Settlement Price – Opening Price) x stake
Profits (or losses) = (19.0283 Kc – 18.9431 Kc) x £2 per point stake
Profits (or losses) = 0.0852 Kc x £2 per point stake
Profits (or losses) = 85.2 points x £2 per point stake
Profits (or losses) = £170.48 profit

Trading forex, whether by spread trading or otherwise, can work against you. In this example, you had bet that the forex pair would rise. Of course, the FX rate can also fall.

If the USD/CZK market had fallen then you could choose to close your spread bet to limit your losses.

So if the spread pulled back to 18.8484 Kc – 18.8824 Kc then this means you would close your position by selling at 18.8484 Kc. That would mean you would lose:

Profits (or losses) = (Settlement Price – Opening Price) x stake
Profits (or losses) = (18.8484 Kc – 18.9431 Kc) x £2 per point stake
Profits (or losses) = -0.0947 Kc x £2 per point stake
Profits (or losses) = -94.7 points x £2 per point stake
Profits (or losses) = -£189.44 loss

Note – USD/CZK Rolling Daily FX market quoted as of 11-Sep-12.

How to Spread Bet on Dollar – Czech Koruna – Example 2

Looking at a financial spread betting site like Tradefair, we can see that they are currently pricing the Dollar – Czech Koruna Rolling Daily market at 18.9873 Kc – 19.0213 Kc. As a result, an investor could put a spread bet on the Dollar – Czech Koruna rate:

  Going higher than 19.0213 Kc, or
  Going lower than 18.9873 Kc

When spread trading on Dollar – Czech Koruna you trade in £x per point where a point is 0.0010 Kc of the pairs movement. As a result, if you decided to risk £3 per point and Dollar – Czech Koruna moves 28.0 points then there would be a difference to your P&L of £84. £3 per point x 0.0280 Kc = £3 per point x 28.0 points = £84.

So, if we think about the spread of 18.9873 Kc – 19.0213 Kc and assume:

• You have completed your analysis, and
• Your research leads you to think the Dollar – Czech Koruna rate will push above 19.0213 Kc

Then you may choose to go long of the market at 19.0213 Kc and risk, let’s say, £2 per point.

So, you make a profit of £2 for every point (0.0010 Kc) that the Dollar – Czech Koruna pair moves higher than 19.0213 Kc. Conversely, however, you will lose £2 for every point that the Dollar – Czech Koruna market falls below 19.0213 Kc.

Put another way, 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 market at. You then multiply that price difference by your stake.

With this in mind, if after a few trading sessions the forex rate started to move upwards then you could choose to close your spread bet in order to lock in your profit.

So if the market increased then the spread, set by the spread trading company, might change to 19.0774 Kc – 19.1114 Kc. You would close your trade by selling at 19.0774 Kc. So, with the same £2 stake you would calculate your profit as:

Profit / loss = (Settlement Price – Opening Price) x stake
Profit / loss = (19.0774 Kc – 19.0213 Kc) x £2 per point stake
Profit / loss = 0.0561 Kc x £2 per point stake
Profit / loss = 56.1 points x £2 per point stake
Profit / loss = £112.22 profit

Trading FX, whether by spread trading or otherwise, is not straightforward. In this example, you had bet that the forex pair would rise. However, it can also decrease.

If the Dollar – Czech Koruna market weakened, against your expectations, then you might decide to settle/close your position to stop any further losses.

Should the market fall back to 18.9738 Kc – 19.0078 Kc then this means you would settle your trade by selling at 18.9738 Kc. That would mean you would lose:

Profit / loss = (Settlement Price – Opening Price) x stake
Profit / loss = (18.9738 Kc – 19.0213 Kc) x £2 per point stake
Profit / loss = -0.0476 Kc x £2 per point stake
Profit / loss = -47.6 points x £2 per point stake
Profit / loss = -£95.10 loss

Note: Dollar – Czech Koruna Rolling Daily market taken as of 18-Sep-12.