Dollar/Danish Krone Financial Spread Betting and Trading Guide with Charts and Prices
Clean Financial - The Financial Spread Betting Website
USD/DKK Spread Betting Guide

USD/DKK Spread Betting



Where Can I Spread Bet on USD/DKK?


At the moment, you can trade USD/DKK, plus a variety of similar markets, through firms like:

USD/DKK Market Analysis and Trading News


Date Trading Update
09-Oct-17 [12:48pm]

USD/DKK Daily Trading News

  • USD/DKK is currently trading at kr. 6.33677.
  • At the end of the last session, the market closed -kr. 0.00463 (-0.07%) lower at kr. 6.33786.
30 Minute Analysis

Falling Forex Pair The forex market is lower than the 20 period moving average of kr. 6.34066 and lower than the 50 period moving average of kr. 6.34412.

1 Day Analysis

Rising Forex Pair The FX pair is trading higher than the 20 day moving average of kr. 6.29152 and higher than the 50 day moving average of kr. 6.27321.

Update by Gordon Childs, Editor, CleanFinancial

» More forex trading views and analysis.

Readers please note:


Where Can I Find Live Spread Betting Prices and Charts for USD/DKK?


The interactive CFD chart below will offer readers a helpful view of the USD/DKK currency market.


The above chart normally tracks the USD/DKK futures price (not the spot market).

If you want to study spread betting charts and live prices for USD/DKK, you can use a spread betting account.

A spreads account would also let you access the shorter term spot prices. Note: Opening any such account is subject to credit, status and suitability checks.

If your new account is approved then you will be able to log in and look at the charts and the current pricing. These are normally provided as part of the service. The catch? You're likely to get the occasional sales call and/or email from the spread trading provider.

Of course, if you decide to trade then you should be aware that financial spread betting and contracts for difference involve a high level of risk to your capital and you may lose more than your initial deposit.

Technical Charting Packages for USD/DKK


Although the charts differ between providers, to help you with your trading analysis, most charts generally come with handy tools and features such as:
  • A wide range of intervals - 1 minute, 15 minutes, 2 hours etc
  • Different chart types - OHLC charts and candle charts
  • Drawing tools - Fibonacci fans, time zones and arcs

The charts from Selftrade Markets also come with more advanced aspects like:
  • BackTesting, Custom Indicators and Analysis tools
  • Popular overlays - Parabolic SAR, Bollinger Bands, Linear Regression etc
  • More than 30 indicators - Williams %R, Relative Strength Index, TRIX etc
  • Email alerts that trigger when the markets reach a pre-set price

Example FX market candle chart

USD/DKK Trading Guide - Example Chart


The following online spread betting firms give account holders real time prices and charts:
Advert: USD/DKK Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/DKK with Financial Spreads.


Where Can I Spread Bet on USD/DKK for Free?


Trading always includes an element of risk. Having said that, if you would like to open a (free) Demo Account, that allows you to try spread betting, please see below.

When deciding which investment option might work for you, also remember that spread trading in the UK is currently free of capital gains tax, income tax and stamp duty*.

If you're interested in a free spread betting website then note that you can trade USD/DKK without having to pay any commissions with firms like:

Free Demo Account


If you are looking for a Demo Account / Practice Account where you are able to get a better feel for spread betting, including trading markets like EUR/USD, the DAX 30, crude oil and USD/DKK, then you could take a look at: The firms listed above currently provide a risk free Demo Account which investors can use to check professional charts, test strategies and apply orders, e.g. OCO and GFD orders.


How to Spread Bet on USD/DKK

How to Spread Bet on USD/DKK?


As with many of the world's markets, you can place a spread bet on FX pairs, like USD/DKK, to rise or fall.

Looking at a spread betting platform like FinancialSpreads.com, you can see that they have put the USD/DKK Rolling Daily market at kr. 5.79444 - kr. 5.79644. Therefore, an investor can spread bet on the USD/DKK pair:

  USD/DKK Trading Example Rising above kr. 5.79644, or
  USD/DKK Spread Trading Example Falling below kr. 5.79444

When financial spread trading on USD/DKK you trade in £x per point where a point is kr. 0.00010 of the pairs movement. So, if you decide to invest £2 per point and USD/DKK moves 39.0 points then that would alter your P&L by £78. £2 per point x kr. 0.00390 = £2 per point x 39.0 points = £78.

Rolling Daily Foreign Exchange Markets

One thing to note is that this is a Rolling Daily Market which means that there is no preset settlement date for this market. If your position is still open at the end of the day, it simply rolls over to the next trading day.

If your FX spread bet does roll over then you will 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.


USD/DKK Trading Example 1


So, if we think about the above spread of kr. 5.79444 - kr. 5.79644 and make the assumptions that:
  • You've done your analysis, and
  • Your analysis leads you to think the USD/DKK market will rise above kr. 5.79644
Then you could buy a spread bet at kr. 5.79644 for a stake of, let’s say, £2 per point.

So, you gain £2 for every point (kr. 0.00010) that the USD/DKK rate increases higher than kr. 5.79644. On the other hand, you will lose £2 for every point that the USD/DKK market moves lower than kr. 5.79644.

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 final price of the market and the price you bought the market at. You then multiply that difference in price by the stake.

As a result, if after a few hours the forex pair started to increase then you might think about closing your spread bet to secure your profit.

Therefore, if the market moved up then the spread, set by the spreads firm, might be adjusted to kr. 5.80311 - kr. 5.80511. To close your position you would sell at kr. 5.80311. Accordingly, with the same £2 stake your profit would come to:

Profits (or losses) = (Settlement Price - Opening Price) x stake
Profits (or losses) = (kr. 5.80311 - kr. 5.79644) x £2 per point stake
Profits (or losses) = kr. 0.00667 x £2 per point stake
Profits (or losses) = 66.7 points x £2 per point stake
Profits (or losses) = £133.40 profit

Trading currencies, whether by spread trading or otherwise, is not simple. With this example, you had bet that the forex rate would go up. Of course, the currency rate could go down.

If the USD/DKK rate weakened, against your expectations, then you could choose to close your position in order to limit your losses.

Should the spread pull back to kr. 5.79064 - kr. 5.79264 then this means you would settle your position by selling at kr. 5.79064. This would result in a loss of:

Profits (or losses) = (Settlement Price - Opening Price) x stake
Profits (or losses) = (kr. 5.79064 - kr. 5.79644) x £2 per point stake
Profits (or losses) = -kr. 0.00580 x £2 per point stake
Profits (or losses) = -58.0 points x £2 per point stake
Profits (or losses) = -£116.00 loss

Note: USD/DKK Rolling Daily forex market accurate as of 11-Sep-12.


Advert: USD/DKK Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/DKK with Financial Spreads.


How to Spread Bet on Dollar - Danish Krone

How to Spread Bet on Dollar - Danish Krone - Example 2


Logging onto Tradefair, you can see that they are currently pricing the Dollar - Danish Krone Rolling Daily market at kr. 5.70518 - kr. 5.70718. Therefore, you can put a spread bet on the Dollar - Danish Krone pair:

  Dollar - Danish Krone Trading Example Increasing above kr. 5.70718, or
  Dollar - Danish Krone Spread Trading Example Decreasing below kr. 5.70518

When spread betting on Dollar - Danish Krone you trade in £x per point where a point is kr. 0.00010 of the pairs movement. So, if you decided to invest £4 per point and Dollar - Danish Krone moves 34.0 points then that would change your bottom line by £136. £4 per point x kr. 0.00340 = £4 per point x 34.0 points = £136.

If you take the above spread of kr. 5.70518 - kr. 5.70718 and make the assumptions that:
  • You have analysed the foreign exchange markets, and
  • Your research leads you to feel the Dollar - Danish Krone market will rise above kr. 5.70718
Then you could buy at kr. 5.70718 and invest, for example, £3 per point.

With such a spread bet you make a profit of £3 for every point (kr. 0.00010) that the Dollar - Danish Krone rate moves higher than kr. 5.70718. Of course, you will make a loss of £3 for every point that the Dollar - Danish Krone market moves lower than kr. 5.70718.

Put another way, should you ‘Buy’ a spread bet then your profit/loss is found by taking the difference between the settlement price of the market and the price you bought the spread at. You then multiply that price difference by your stake.

If after a few trading sessions the FX pair moved higher then you might want to close your position in order to lock in your profit.

Therefore, if the market moved up then the spread, set by the spread trading firm, might move up to kr. 5.71203 - kr. 5.71403. To close your position you would sell at kr. 5.71203. So, with the same £3 stake your profit would come to:

P&L = (Closing Value - Initial Value) x stake
P&L = (kr. 5.71203 - kr. 5.70718) x £3 per point stake
P&L = kr. 0.00485 x £3 per point stake
P&L = 48.5 points x £3 per point stake
P&L = £145.50 profit

Speculating on currencies is not straightforward. With this example, you had bet that the forex pair would go up. Naturally, the forex rate can also decrease.

If the Dollar - Danish Krone rate had fallen then you could close your trade to stop any further losses.

Should the spread drop to kr. 5.70290 - kr. 5.70490 then you would settle/close your trade by selling at kr. 5.70290. Therefore, you would make a loss of:

P&L = (Closing Value - Initial Value) x stake
P&L = (kr. 5.70290 - kr. 5.70718) x £3 per point stake
P&L = -kr. 0.00428 x £3 per point stake
P&L = -42.8 points x £3 per point stake
P&L = -£128.40 loss

Note: Dollar - Danish Krone Rolling Daily FX market accurate as of 18-Sep-12.


Advert: USD/DKK Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on USD/DKK with Financial Spreads.


Trading Risk Warning
'USD/DKK Spread Betting' edited by Jacob Wood, updated 09-Oct-17

For related articles also see:





Free Financial Email Updates
Q) Average Trading Results?

A) Get free trading tips, offers, price updates, important news and more!
All Free - Click here!


Risk Warning

Home
City Index
ETX Capital
Financial Spreads
IG
Spread Betting News
Live Charts
Live Prices
Stock Market Spreads
Stock Market News
Stock Market Charts
Stock Market Prices
FTSE 100 Spreads
Dow Jones Spreads
DAX 30 Spreads
Forex Spreads
Forex News
Forex Charts
Forex Prices
EUR/USD Spreads
GBP/USD Spreads
Commodities Spreads
Commodities News
Commodities Charts
Commodities Prices
Gold Spreads
Crude Oil Spreads
Shares Spreads
Share Tips
Share Trading Reports
Share Charts
UK Shares
US Shares
Spread Betting
Bonds Spreads
Interest Rate Spreads
Spread Trading Blog
Financial Fixed Odds
CFD Trading
Trading Features
Trading Forum
Technical Trading
Free Newsletter
Why Spread Bet?
What's Spread Betting?
Trading Glossary