USD/SEK Spread Betting

The CleanFinancial guide to USD/SEK spread betting.

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

Live USD/SEK Chart & Prices

The live CFDs chart below will provide you with a useful guide to the USD/SEK currency rate.


The Plus500 chart above is usually based on the USD/SEK futures market (not the daily market).

If you would like to review real time financial spread betting prices/charts for USD/SEK, you might require a spread trading account.

A spreads account would also let you access the short term daily prices. Note that such accounts are subject to status, credit and suitability checks.

If your account application is accepted, you can log on to view the real time trading charts/prices. Usually, these will be free. So what’s the catch? You are likely to receive the occasional sales call or email from the online spread betting company.

Of course, if you were to trade then be aware that CFD trading and financial spread betting involve a high level of risk to your funds and you can lose more than your initial investment.

Where Can I Spread Bet on USD/SEK?

You can currently trade with no brokers’ fees and no commissions on USD/SEK through an account with any of the following providers:

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

USD/SEK Market Analysis and Trading News

» More forex trading views and analysis.


Sample forex chart



The following online spread betting firms provide users with live charts and prices:

• 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/SEK for Free?

Trading the financial markets is not without risk, however, if you’d like to try a Test Account (free), that allows you to trial spread betting, please see below for more details.

When deciding which investment option is right for you, don’t forget that in the UK, financial spread betting is currently exempt from capital gains tax, stamp duty and income tax*.

If you are looking for a free financial spread betting platform, you should keep in mind that investors are able to take a position on USD/SEK without paying any brokers’ fees with companies like:

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

Free Demo Account

If you want to open a completely free Demo Account / Test Account where users can try online spread betting, including trading markets like USD/SEK, then take a look at:

• Financial Spreads
• Inter Trader

The firms listed above provide a risk free Test Account that allows users to gain experience with a range of orders, use charts and try out new ideas.

How to Spread Bet on USD/SEK?

As with many global financial markets, an investor can spread bet on FX pairs, such as USD/SEK, to either increase or decrease.

Logging onto FinancialSpreads, you can see that they are currently offering the USD/SEK Rolling Daily market at 6.60531 kr – 6.61031 kr. As a result, an investor can spread bet on the USD/SEK pair:

  Rising higher than 6.61031 kr, or
  Falling lower than 6.60531 kr

When placing a spread bet on USD/SEK you trade in £x per point where a point is 0.00010 kr of the pairs movement. As a result, if you choose to invest £3 per point and USD/SEK moves 39.0 points then that would make a difference to your P&L of £117. £3 per point x 0.00390 kr = £3 per point x 39.0 points = £117.

Rolling Daily Foreign Exchange Markets

One thing to note is that this is a Rolling Daily Market which means that in contrast with futures markets, there is no closing date. If you leave your position open at the end of the day, it will roll over to the next session.

If a forex position is rolled over then you usually pay a small overnight financing fee. For a more detailed breakdown of Rolling Daily Markets please read our article Rolling Daily Spread Betting.

USD/SEK Trading Example 1

Now, if you take the spread of 6.60531 kr – 6.61031 kr and make the assumptions that:

• You’ve completed your analysis of the markets, and
• Your analysis suggests that the USD/SEK market will rise above 6.61031 kr

Then you could decide that you want to buy at 6.61031 kr and risk, let’s say, £2 per point.

This means that you win £2 for every point (0.00010 kr) that the USD/SEK rate increases higher than 6.61031 kr. Conversely, however, you will make a loss of £2 for every point that the USD/SEK market moves below 6.61031 kr.

Looking at this from another angle, if you ‘Buy’ a spread bet then your P&L is calculated by taking the difference between the settlement price of the market and the initial 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 consider closing your position and therefore lock in your profits.

As an example, should the market rise, the spread, set by the spread trading company, might change to 6.61692 kr – 6.62192 kr. You would close your position by selling at 6.61692 kr. So, with the same £2 stake you would make a profit of:

Profits (or losses) = (Final Price – Opening Price) x stake
Profits (or losses) = (6.61692 kr – 6.61031 kr) x £2 per point stake
Profits (or losses) = 0.00661 kr x £2 per point stake
Profits (or losses) = 66.1 points x £2 per point stake
Profits (or losses) = £132.20 profit

Trading forex, by spread betting or otherwise, is not easy. With the above, you wanted the forex rate to increase. Naturally, the FX rate can also fall.

If the USD/SEK rate dropped then you might decide to settle/close your position to stop any further losses.

So if the spread pulled back to 6.60277 kr – 6.60777 kr you would close your spread bet by selling at 6.60277 kr. That would mean you would make a loss of:

Profits (or losses) = (Final Price – Opening Price) x stake
Profits (or losses) = (6.60277 kr – 6.61031 kr) x £2 per point stake
Profits (or losses) = -0.00754 kr x £2 per point stake
Profits (or losses) = -75.4 points x £2 per point stake
Profits (or losses) = -£150.80 loss

Note: USD/SEK Rolling Daily forex market correct as of 11-Sep-12.

How to Spread Bet on Dollar – Swedish Krona – Example 2

Looking at a spread betting platform like Capitalspreads, we can see that they are currently offering the Dollar – Swedish Krona Rolling Daily market at 6.55975 kr – 6.56475 kr. As a result, you can put a spread bet on the Dollar – Swedish Krona pair:

  Rising higher than 6.56475 kr, or
  Falling lower than 6.55975 kr

When spread trading on Dollar – Swedish Krona you trade in £x per point where a point is 0.00010 kr of the pairs movement. As a result, if you choose to have a stake of £4 per point and Dollar – Swedish Krona moves 33.0 points then there would be a difference to your P&L of £132. £4 per point x 0.00330 kr = £4 per point x 33.0 points = £132.

Now, if you think about the spread of 6.55975 kr – 6.56475 kr and assume:

• You have done your analysis, and
• Your research leads you to feel that the Dollar – Swedish Krona market will go higher than 6.56475 kr

Then you might decide that you are going to go long of the market at 6.56475 kr for a stake of £2 per point.

So, you make a profit of £2 for every point (0.00010 kr) that the Dollar – Swedish Krona rate rises above 6.56475 kr. Having said that, you will lose £2 for every point that the Dollar – Swedish Krona market goes below 6.56475 kr.

Put another way, should you ‘Buy’ a spread bet then your P&L is worked out by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.

If after a few days the rate moved higher then you could consider closing your position and therefore guarantee your profits.

As an example, if the market increased then the spread, set by the spread betting company, might move up to 6.57197 kr – 6.57697 kr. To close your trade you would sell at 6.57197 kr. So, with the same £2 stake your profit would come to:

Profit / loss = (Final Level – Initial Level) x stake
Profit / loss = (6.57197 kr – 6.56475 kr) x £2 per point stake
Profit / loss = 0.00722 kr x £2 per point stake
Profit / loss = 72.2 points x £2 per point stake
Profit / loss = £144.40 profit

Speculating on FX, whether by spread trading or otherwise, doesn’t always go to plan. In the above example, you wanted the forex rate to rise. However, the currency rate might go down.

If the Dollar – Swedish Krona rate had fallen then you might choose to close your spread bet in order to limit your losses.

Should the market drop to 6.55819 kr – 6.56319 kr then this means you would settle/close your trade by selling at 6.55819 kr. Therefore, you would make a loss of:

Profit / loss = (Final Level – Initial Level) x stake
Profit / loss = (6.55819 kr – 6.56475 kr) x £2 per point stake
Profit / loss = -0.00656 kr x £2 per point stake
Profit / loss = -65.6 points x £2 per point stake
Profit / loss = -£131.20 loss

Note – Dollar – Swedish Krona Rolling Daily spread betting market correct as of 18-Sep-12.