USD/HUF Spread Betting

The CleanFinancial guide to USD/HUF spread betting.

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

Live USD/HUF Chart & Prices

This chart offers a handy overview of the USD/HUF currency pair.


The above chart is provided by Plus 500 and normally follows the underlying USD/HUF futures market.

If you want to access spread trading charts/prices for USD/HUF, an option is to use a spread betting account.

This would also give you access to shorter term daily prices. Accounts are subject to credit, status and suitability checks.

If your new account is accepted then you can log in to analyse the real-time trading prices and charts. Usually, these will be provided as part of the service, however, the catch is that you might get the odd call or letter from the relevant spread betting broker.

Of course, if you were to trade then you should note that financial spread trading and contracts for difference do carry a high level of risk to your capital and can result in losses that are greater than your initial investment.

Where Can I Spread Bet on USD/HUF?

You are currently able to spread bet on USD/HUF by trading with any of the following spread betting providers:

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

USD/HUF Market Analysis and Trading News

» More forex trading views and analysis.


Example FX candlestick chart



The online spread betting brokers in the following list give their users access to live prices/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/HUF for Free?

Investing, by its very nature, involves a degree of risk. Having said that, if you’d like to try a completely free Demo Account, that lets you try spread trading and access trading charts, see below for more details.

When thinking about which trading option might work for you, don’t forget that in the UK, spread betting is currently exempt from capital gains tax, income tax and stamp duty*.

If you want a low cost spread betting website then you should keep in mind that you are able to trade USD/HUF with zero commissions and no brokers’ fees with companies like:

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

Free Demo Account

If you are looking for a Demo Account / Test Account in order to get a better feel for spread betting, including markets like the DAX 30, gold, EUR/GBP and USD/HUF, then take a look at:

• Financial Spreads
• Inter Trader

All of the above firms currently provide a free Test Account which investors can use to test ideas, look at professional level charts and practice with a range of trading orders, e.g. trailing stop losses and guaranteed stop losses.

How to Spread Bet on USD/HUF?

As with a wide variety of global markets, you can spread bet on currency pairs, like USD/HUF, to either rise or fall.

Looking at Selftrade Markets, you can see they are valuing the USD/HUF Rolling Daily market at 219.702 Ft – 220.102 Ft. As a result, an investor could spread bet on the USD/HUF pair:

  Moving above 220.102 Ft, or
  Moving below 219.702 Ft

When financial spread betting on USD/HUF you trade in £x per point where a point is 0.010 Ft of the pairs movement. So, if you invest £4 per point and USD/HUF moves 32.0 points then that would alter your profits (or losses) by £128. £4 per point x 0.320 Ft = £4 per point x 32.0 points = £128.

Rolling Daily FX Markets

An important aspect of this Rolling Daily Market is that it does not have a set settlement date. You do not have to close your position, should it still be open at the end of the trading day, it will simply roll over to the next session.

Should your forex position roll over then you are usually charged a small overnight financing fee. To see a fully worked example read Rolling Daily Spread Betting.

USD/HUF Trading Example 1

If we continue with the spread of 219.702 Ft – 220.102 Ft and make the assumptions:

• You have completed your analysis of the markets, and
• Your analysis leads you to think that the USD/HUF rate will push above 220.102 Ft

Then you may choose to buy at 220.102 Ft and invest, let’s say, £2 per point.

With such a spread bet you make a profit of £2 for every point (0.010 Ft) that the USD/HUF rate pushes higher than 220.102 Ft. Conversely, however, it also means that you will lose £2 for every point that the USD/HUF market goes below 220.102 Ft.

Thinking of this in a slightly different way, if you were to ‘Buy’ a spread bet then your profits (or losses) are worked out by taking the difference between the final price of the market and the price you bought the spread at. You then multiply that price difference by the stake.

If after a few sessions the forex pair rose then you might consider closing your spread bet to secure your profit.

Taking this a step further, if the market rose then the spread, determined by the spread betting company, could be adjusted to 220.872 Ft – 221.272 Ft. You would close/settle your spread bet by selling at 220.872 Ft. So, with the same £2 stake your profit would come to:

Profit / loss = (Final Level – Opening Level) x stake
Profit / loss = (220.872 Ft – 220.102 Ft) x £2 per point stake
Profit / loss = 0.770 Ft x £2 per point stake
Profit / loss = 77.0 points x £2 per point stake
Profit / loss = £154.07 profit

Trading FX, whether by spread trading or otherwise, is not simple. In this example, you wanted the currency pair to go up. Of course, the currency rate could go down.

If the USD/HUF market decreased, contrary to your expectations, then you might decide to close/settle your trade to stop any further losses.

So if the spread pulled back to 219.266 Ft – 219.666 Ft then you would settle your spread bet by selling at 219.266 Ft. Therefore, you would make a loss of:

Profit / loss = (Final Level – Opening Level) x stake
Profit / loss = (219.266 Ft – 220.102 Ft) x £2 per point stake
Profit / loss = -0.836 Ft x £2 per point stake
Profit / loss = -83.6 points x £2 per point stake
Profit / loss = -£167.28 loss

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

How to Spread Bet on Dollar – Hungarian Forint – Example 2

Looking at a financial spread betting website like City Index, we can see that they are valuing the Dollar – Hungarian Forint Rolling Daily market at 216.962 Ft – 217.362 Ft. As a result, you can spread bet on the Dollar – Hungarian Forint rate:

  Moving above 217.362 Ft, or
  Moving below 216.962 Ft

Whilst placing a spread bet on Dollar – Hungarian Forint you trade in £x per point where a point is 0.010 Ft of the pairs movement. As a result, if you chose to have a stake of £3 per point and Dollar – Hungarian Forint moves 39.0 points then there would be a difference to your profit/loss of £117. £3 per point x 0.390 Ft = £3 per point x 39.0 points = £117.

Now, if we think about the spread of 216.962 Ft – 217.362 Ft and assume that:

• You’ve done your FX market analysis, and
• Your analysis suggests that the Dollar – Hungarian Forint rate will push above 217.362 Ft

Then you may go long of the market at 217.362 Ft and invest, let’s say, £2 per point.

Therefore, you make a profit of £2 for every point (0.010 Ft) that the Dollar – Hungarian Forint pair pushes higher than 217.362 Ft. Having said that, you will make a loss of £2 for every point that the Dollar – Hungarian Forint market moves lower than 217.362 Ft.

Put another way, if you ‘Buy’ a spread bet then your profits (or losses) are worked out by taking the difference between the settlement price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.

If after a few days the forex rate started to increase then you might think about closing your spread bet and therefore lock in your profits.

So if the market increased then the spread, determined by the spread betting company, might change to 217.905 Ft – 218.305 Ft. In order to close/settle your position you would sell at 217.905 Ft. So, with the same £2 stake your profit would be calculated as:

P&L = (Closing Price – Initial Price) x stake
P&L = (217.905 Ft – 217.362 Ft) x £2 per point stake
P&L = 0.543 Ft x £2 per point stake
P&L = 54.3 points x £2 per point stake
P&L = £108.68 profit

Speculating on currencies, whether by spread trading or otherwise, can go against you. In this example, you had bet that the forex rate would increase. Naturally, it can also fall.

If the Dollar – Hungarian Forint market had fallen then you might choose to close your trade in order to restrict your losses.

If the spread dropped to 216.764 Ft – 217.164 Ft then you would settle/close your trade by selling at 216.764 Ft. So your loss would be calculated as:

P&L = (Closing Price – Initial Price) x stake
P&L = (216.764 Ft – 217.362 Ft) x £2 per point stake
P&L = -0.598 Ft x £2 per point stake
P&L = -59.8 points x £2 per point stake
P&L = -£119.55 loss

Note – Dollar – Hungarian Forint Rolling Daily forex market accurate as of 18-Sep-12.