USD/MXN Spread Betting


cf_market_short Trading Guide

The CleanFinancial guide to USD/MXN spread betting.


Live USD/MXN Chart & Prices

The real time chart below offers a useful guide to the USD/MXN rate.


The chart above is provided by Plus 500 and usually follows the USD/MXN futures price.

If you would like to analyse spread trading charts/prices for USD/MXN, you will need to apply for a financial spread betting account.

Also, a spreads account would give you access to spot markets. Note: Opening such an account is subject to suitability and status checks.

Should your new account be approved then you can log on to check the live charts and the current prices. On most platforms, these are provided as part of the service. What’s the catch? You are likely to get the odd sales letter or email from your chosen company.

If you were to trade then you should be aware that CFD trading and spread trading do carry a high degree of risk to your capital and losses can exceed your initial investment.


Where Can I Spread Bet on USD/MXN?

Investors can speculate on USD/MXN, and a wide variety of other spread betting markets, through firms like:




USD/MXN Market Analysis and Trading News


4 April 2018, 11:27am, Updated Mexican Peso COT Report

The latest Commitments of Traders Report (COT) for the Mexican Peso has been released by the CFTC, please see our Mexican Peso COT report below.

Readers should note that we have also updated our Forex COT Summary Report.

Update by Gordon Childs, Editor, CleanFinancial
4 April 2018, 8:48pm, Updated Mexican Peso COT Report

The latest Commitments of Traders Report (COT) for the Mexican Peso has been released by the CFTC, please see our Mexican Peso COT report below.

Readers should note that we have also updated our Forex COT Summary Report.

Update by Gordon Childs, Editor, CleanFinancial

» More forex trading views and analysis.


FinancialSpreads.com forex rate candle chart



The spread betting firms listed below give their clients real time trading prices/charts:


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



Where Can I Trade USD/MXN for Free?

Speculating is never risk free, however, if you want to open an entirely free Demo Account, that allows you to try out spread trading and access trading charts, please see below.

When looking at which investment option might work for you, don’t forget that, in the UK, spread trading is free of capital gains tax, income tax and stamp duty*.

If you want to try a free spread betting site, note that you are able to take a view on USD/MXN commission free and with no brokers’ fees via:


Free Demo Account

If you are looking for an entirely free Demo Account which lets you get a better understanding of online spread betting, and speculating on markets such as USD/MXN, then you could look into:

All of the above spread betting companies currently provide a Test Account that allows users to apply trading orders, look at professional level charts and test new strategies.


How to Spread Bet on USD/MXN?

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

Logging onto FinancialSpreads, we can see that they are currently pricing the USD/MXN Rolling Daily market at $12.97555 – $12.98435. This means an investor could put a spread bet on the USD/MXN rate:

  USD/MXN Spread Betting Example Going higher than $12.98435, or
  USD/MXN Trading Example Going lower than $12.97555

When spread betting on USD/MXN you trade in £x per point where a point is $0.00010 of the pairs movement. As a result, if your stake was £3 per point and USD/MXN moves 20.0 points then that would alter your profit/loss by £60. £3 per point x $0.00200 = £3 per point x 20.0 points = £60.

Rolling Daily Forex Markets

One important thing to note is that this is a Rolling Daily Market and so there is no closing date for this market. Should your trade be left open at the end of the trading day, it just rolls over into the next session.

If your FX spread bet is rolled over then you will be charged a small overnight financing fee. For a more detailed breakdown of Rolling Daily Markets please read our article Rolling Daily Spread Betting.


USD/MXN Trading Example 1

So, if we consider the above spread of $12.97555 – $12.98435 and assume:

  • You have analysed the markets, and
  • Your analysis leads you to feel the USD/MXN market will increase and go higher than $12.98435
Then you might decide that you want to go long of the market at $12.98435 and risk £2 per point.

Therefore, you make a profit of £2 for every point ($0.00010) that the USD/MXN pair rises above $12.98435. Having said that, you will lose £2 for every point that the USD/MXN market falls lower than $12.98435.

Looking at this from another angle, 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 initial price you bought the spread at. You then multiply that price difference by your stake.

With this in mind, if after a few days the FX pair started to move upwards then you could choose to close your position so that you can guarantee your profit.

So if the market moved up then the spread, determined by the spread betting company, might change to $12.99383 – $13.00263. You would settle your position by selling at $12.99383. As a result, with the same £2 stake this trade would make you a profit of:

Profit = (Closing Price – Initial Price) x stake
Profit = ($12.99383 – $12.98435) x £2 per point stake
Profit = $0.00948 x £2 per point stake
Profit = 94.8 points x £2 per point stake
Profit = £189.60 profit

Trading forex, whether by spread betting or not, is not always simple. With the above, you wanted the forex pair to increase. Nevertheless, the forex rate can also fall.

If the USD/MXN rate had started to drop then you might decide to settle/close your spread bet to stop any further losses.

If the market fell to $12.97422 – $12.98302 then you would close your spread bet by selling at $12.97422. If so, that would mean you would lose:

Loss = (Closing Price – Initial Price) x stake
Loss = ($12.97422 – $12.98435) x £2 per point stake
Loss = -$0.01013 x £2 per point stake
Loss = -101.3 points x £2 per point stake
Loss = -£202.60 loss

Note – USD/MXN Rolling Daily FX market accurate as of 11-Sep-12.


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



How to Spread Bet on Dollar - Mexican Peso

How to Spread Bet on Dollar – Mexican Peso – Example 2

Looking at a spread trading website like Tradefair, we can see that they have priced the Dollar – Mexican Peso Rolling Daily market at $12.80445 – $12.81325. Therefore, you could spread bet on the Dollar – Mexican Peso pair:

  Dollar - Mexican Peso Spread Trading Example Increasing above $12.81325, or
  Dollar - Mexican Peso Spread Betting Example Decreasing below $12.80445

Whilst financial spread trading on Dollar – Mexican Peso you trade in £x per point where a point is $0.00010 of the pairs movement. As a result, if you chose to have a stake of £4 per point and Dollar – Mexican Peso moves 39.0 points then that would alter your bottom line by £156. £4 per point x $0.00390 = £4 per point x 39.0 points = £156.

Now, if we take the spread of $12.80445 – $12.81325 and assume:

  • You have done your analysis of the currency markets, and
  • You think that the Dollar – Mexican Peso rate will increase and move higher than $12.81325
Then you may decide that you want to go long of the market at $12.81325 and risk, let’s say, £2 per point.

With such a spread bet you make a profit of £2 for every point ($0.00010) that the Dollar – Mexican Peso rate increases above $12.81325. Of course, you will lose £2 for every point that the Dollar – Mexican Peso market goes below $12.81325.

Considering this from another angle, if you were to buy a spread bet then your P&L is worked out 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.

Therefore, if after a few sessions the forex pair started to increase then you might think about closing your spread bet in order to lock in your profit.

As an example, if the market increased then the spread, set by the spread trading firm, might move up to $12.82350 – $12.83230. In order to close your trade you would sell at $12.82350. As a result, with the same £2 stake you would make a profit of:

Profits (or losses) = (Final Level – Opening Level) x stake
Profits (or losses) = ($12.82350 – $12.81325) x £2 per point stake
Profits (or losses) = $0.01025 x £2 per point stake
Profits (or losses) = 102.5 points x £2 per point stake
Profits (or losses) = £205.00 profit

Financial spread betting on FX is not always straightforward. With this example, you had bet that the FX pair would rise. Nevertheless, it might fall.

If the Dollar – Mexican Peso market decreased, contrary to your expectations, then you might decide to close/settle your trade to stop any further losses.

Should the spread fall back to $12.80364 – $12.81244 you would settle your position by selling at $12.80364. If so, this would result in a loss of:

Profits (or losses) = (Final Level – Opening Level) x stake
Profits (or losses) = ($12.80364 – $12.81325) x £2 per point stake
Profits (or losses) = -$0.00961 x £2 per point stake
Profits (or losses) = -96.1 points x £2 per point stake
Profits (or losses) = -£192.20 loss

Note – Dollar – Mexican Peso Rolling Daily FX market accurate as of 18-Sep-12.


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



Mexican Peso Commitments of Traders Report – 3 Apr 2018 (i)

Futures Only Positions, CME , Code 95741, (Contracts of MXN 500,000) (i)

Reporting Firms (i) Non-Reportable Positions (i)
Non-Commercial (i)
Commercial (i) Total Reportable (i)
 
Commitments (i) Open (i) Interest Commitments
Long (i) Short (i) Spreads (i) Long Short Long Short Long Short
136,812 37,732 352 64,044 169,006 201,208 207,090 209,945 8,737 2,855
 
Changes from 27 Mar 2018 (i) Change in (i) Open Interest Changes from
Long Short Spreads Long Short Long Short Long Short
6,548 -2,745 -71 3,302 13,322 9,779 10,506 9,998 219 -508
 
Percent of Open Interest for Each Category of Trader (i)
Long Short Spreads Long Short Long Short   Long Short
65.2% 18.0% 0.2% 30.5% 80.5% 95.8% 98.6%   4.2% 1.4%
 
Number of Traders in Each Category (i) Total (i) Traders  
Long Short Spreads Long Short Long Short    
101 29 3 12 25 113 57 165    
 
Long/Short Commitments Ratios (i)   Long/Short Ratio
Ratio   Ratio Ratio   Ratio
3.6:1   1:2.6 1:1   3.1:1
 
Net Commitment Change (i)  
9,293  

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