Guide to Euro/Hungarian Forint Spread Betting

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on EUR/HUF?

A FinancialSpreads account offers investors an array of forex markets like EUR/HUF but also the euro/dollar, euro/sterling and euro/Swiss franc.

Where Can I Access Live EUR/HUF Prices?

With a Financial Spreads account investors are able to access numerous live spread betting and CFD trading prices like EUR/HUF and a wide range of other forex, stock markets, commodities and stocks prices.

Where Can I Get Live EUR/HUF Charts?

With FinancialSpreads you can access real time candlestick charts for EUR/HUF and over a thousand other spread betting and CFD markets.

Along with multiple chart types, the package comes with a wide range of benefits:
Example Financial Spreads forex trading spread trading chart:

Forex Spread Betting Charts



A Guide to Financial Spread Betting on EUR/HUF

As an example, let's say you log on to the FinancialSpreads website and the live price is:

  EUR/HUF Rolling Spot Sell

306.15
Buy

306.45


Here's a brief guide to how the market works...

Spread Trading MarketEUR/HUF Rolling Spot
Spread Trading Price306.15 Ft - 306.45 Ft
What This MeansYou can take a position on the EUR/HUF Rolling Spot market to go:

  Spread Betting Above 306.45 Ft, or
  Spread Betting Below 306.15 Ft

This spread betting market is a Rolling market which means that there is no expiry date for this spread bet. If you decide not to close your trade and the session ends then your position will roll over into the next session.

Note that if a trade is rolled over then you will either receive or be charged interest for overnight financing depending upon whether you are speculating on the market to fall or rise. For further information also see Rolling Spread Betting.
Traded UnitsSpread betting trades on the EUR/HUF market are priced in £x per point.

Where a point is 0.01 Ft of the forex market's price movement.

E.g. if EUR/HUF moves by 0.35 Ft then you would lose / win 35 times your stake.
Stake per UnitYou decide how much you would like to trade per point, e.g. £3 per point, £5 per point, £15 per point etc.
Simplified Trading ExampleFor example, if you have a stake of £5 per point and EUR/HUF changes by 0.32 Ft (32 points), you would win/lose £5 per point x 32 points = £160.


Worked Spread Betting Example - Buying EUR/HUF

Spread betting on the forex pair to go higher

You Now Decide Whether to Buy or Sell EUR/HUF moving:

  Spread Betting Above 306.45 Ft? or
  Spread Betting Below 306.15 Ft?

Let's Say You Want to Buy   Spread Betting Above 306.45 Ft
You Decide Your Stake Size, Opting for £2 per point
So What Happens Now?
  • You gain £2 for each point (0.01 Ft) EUR/HUF pushes higher than 306.45 Ft
  • You lose £2 for every point (0.01 Ft) EUR/HUF decreases below 306.45 Ft
If You Are Speculating on a Market to Increase Your Trading P/L = (Closing Price - Opening Price) x stake
 
Example 1
EUR/HUF goes higher and the spread betting market becomes 307.49 Ft - 307.79 Ft. I.e.   307.49   307.79
Time to Lock in Your Profit? At this point, you could choose to leave your trade open or close it to lock in your profit. For this example, you choose to close your trade by selling at 307.49 Ft.
Your Trading P/L = (Closing Price - Opening Price) x stake
(307.49 Ft - 306.45 Ft) x £2 per point (£2 per 0.01 Ft)
1.04 Ft x £2 per point
104 points x £2 per point
Your Trading P/L = £208 profit
 
Example 2
EUR/HUF moves lower and the spread trading market is moved to 305.50 Ft - 305.80 Ft, so you'd see:   305.50   305.80
Time to Limit the Loss? At this point, you may opt to leave your position open or close it to limit your losses. For this example, you decide to close your position and sell the market at 305.50 Ft.
Your Trading P/L = (Closing Price - Opening Price) x stake
(305.50 Ft - 306.45 Ft) x £2 per point (£2 per 0.01 Ft)
-0.95 Ft x £2 per point
-95 points x £2 per point
Your Trading P/L = -£190 loss


Spread Betting Example - Taking a Short Position on EUR/HUF

Financial spread trading on the forex pair to decrease in value

You Select Whether to Go Long or Short EUR/HUF going:

  Spread Betting Above 306.45 Ft? or
  Spread Betting Below 306.15 Ft?

Let's Assume You Want to Go Short   Spread Betting Below 306.15 Ft
You Choose Your Stake, Let's Say You Choose £1 per point
What Happens Now?
  • You lose £1 for every point (0.01 Ft) EUR/HUF rises above 306.15 Ft
  • You gain £1 for every point (0.01 Ft) EUR/HUF goes below 306.15 Ft
When Spread Betting on a Market to Fall Your Trading P/L = (Opening Price - Closing Price) x stake
 
Example 3
EUR/HUF decreases and the market is revised to 304.34 Ft - 304.64 Ft, therefore you would see this on Financial Spreads:   304.34   304.64
Close and Take Your Profit? You may decide to leave your position open or close it, i.e. close your spread bet to lock in your profit. For this example, you opt to close your bet by buying at 304.64 Ft.
Your Trading P/L = (Opening Price - Closing Price) x stake
(306.15 Ft - 304.64 Ft) x £1 per point (£1 per 0.01 Ft)
1.51 Ft x £1 per point
151 points x £1 per point
Your Trading P/L = £151 profit
 
Example 4
EUR/HUF moves higher and the financial spread betting market adjusts and moves to 307.23 Ft - 307.53 Ft, i.e. on Financial Spreads you'd see:   307.23   307.53
Restrict the Loss?You may opt to leave your bet open or close it, i.e. close your trade and limit your loss. In this case you decide to close your trade by buying the market at 307.53 Ft.
Your Trading P/L = (Opening Price - Closing Price) x stake
(306.15 Ft - 307.53 Ft) x £1 per point (£1 per 0.01 Ft)
-1.38 Ft x £1 per point
-138 points x £1 per point
Your Trading P/L = -£138 loss

Where Can I Practice Financial Spread Betting on EUR/HUF?

FinancialSpreads.com offers you the option of testing new strategies by using a free Demo Account, test markets include EUR/HUF.

The Practice Account offers a large range of markets such as FX rates, stocks, commodity markets and index markets.



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Also see:
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