Where Can I Spread Bet on USD/CAD?
Financial Spreads offers clients a range of foreign exchange spread betting and contracts for difference markets like USD/CAD as well as the USD/JPY, GBP/USD and
EUR/CHF.
Where Can I Access Live USD/CAD Prices?
When trading with a Financial Spreads account clients are able to access 1,000+ real-time CFD trading and spread betting prices like USD/CAD and a wide array of other forex, stock markets, commodities and
stocks.
Where Can I Get Live USD/CAD Charts?
When using a FinancialSpreads account clients can use live charts for USD/CAD and more than a thousand other markets.
Along with different display styles, the package has a wide variety of options:
- A number of different time periods, for example, 15 minutes, 2 hours, 1 month etc
- Drawing features and options, for example, Andrew's Pitchfork, Fibonacci Retracements and Trendlines
- Indicators, for example, Moving Average, Bollinger Bands, % Price Oscillator etc
Example Financial Spreads currency trading chart:
Financial Spread Betting on USD/CAD
As an example, let's imagine you look at the FinancialSpreads website and see the current quote is:
| USD/CAD Rolling Spot |
Sell
1.2479 |
|
Buy
1.2481 |
|
This is a brief guide to how the market works
| Spread Betting Market: | USD/CAD Rolling Spot |
| The Spread: | C$1.2479 - C$1.2481 |
| This Means: | Now you can spread bet on the USD/CAD Rolling Spot market to move:
 Higher than C$1.2481, or
 Lower than C$1.2479
This is a 'Rolling' trade meaning that it does not have a settlement date. If you don't close your position and the session ends then your trade will roll over into the next trading day.
Note: if a trade does roll over then you will normally either pay or receive a small fee for overnight financing depending on the direction of your spread bet. For more information also see Rolling Spread Betting. |
| Points (Units) Traded: | Spread betting trades on the USD/CAD market are priced in £x per point.
Where a point is C$0.0001 of the FX market's price movement.
E.g. if USD/CAD changes by C$0.0055 then you would lose or gain 55 multiples of your stake. |
| Stake: | You work out how much you would like to stake per point, e.g. £2 per point, £4 per point, £10 per point etc. |
| Simplified Example: | As an example, if you have a stake of £4 per point and USD/CAD moves C$0.0023 (23 points), you would win / lose £4 per point x 23 points = £92. |
Spread Betting Example - Going Long of USD/CAD
Financial spread trading on the forex market to go up
| You Work Out Whether to Go Long or Short: |
USD/CAD moving:
Higher than C$1.2481? or
Lower than C$1.2479?
|
| Let's Say You Buy: |
Higher than C$1.2481
|
| You Select How Much to Risk, Choosing: | £2 per point |
| Now What? |
- You make a gain of £2 for every point (C$0.0001) USD/CAD moves higher than C$1.2481
- You will make a loss of £2 for each point (C$0.0001) USD/CAD falls below C$1.2481
|
| If You Go Long With a Spread Bet Your P&L = | (Final Price - Initial Price) x stake |
| | |
| Example 1 |
| USD/CAD moves higher and the market is moved to C$1.2531 - C$1.2533: |
|
1.2531 |
|
1.2533 |
|
| Time to Lock in a Profit? | You may opt to keep your trade open or close it in order to take your profit. In this instance you opt to settle your trade and sell the market at C$1.2531. |
| Your P&L = | (Final Price - Initial Price) x stake |
| (C$1.2531 - C$1.2481) x £2 per point (£2 per C$0.0001) |
| C$0.0050 x £2 per point |
| 50 points x £2 per point |
| Your P&L = | £100 profit |
| | |
| Example 2 |
| USD/CAD drops and the financial spread betting market is revised to C$1.2423 - C$1.2425. I.e. you would see: |
|
1.2423 |
|
1.2425 |
|
| Restrict the Loss? | At this point, you may choose to keep your bet open or close it, i.e. close your spread bet to restrict your loss. In this example you decide to settle your trade by selling at C$1.2423. |
| Your P&L = | (Final Price - Initial Price) x stake |
| (C$1.2423 - C$1.2481) x £2 per point (£2 per C$0.0001) |
| -C$0.0058 x £2 per point |
| -58 points x £2 per point |
| Your P&L = | -£116 loss |
Worked Spread Betting Example - Selling USD/CAD
Online spread betting on the forex market to decrease in value
| You Decide Whether to Go Long or Short: |
USD/CAD going:
Higher than C$1.2481? or
Lower than C$1.2479?
|
| You Might Decide to Go Short: |
Lower than C$1.2479 |
| You Decide Your Stake Size, Opting for: | £3 per point |
| So What Happens Next? |
- You will make a loss of £3 for each point (C$0.0001) USD/CAD increases higher than C$1.2479
- You make a gain of £3 for each point (C$0.0001) USD/CAD goes lower than C$1.2479
|
| When You Go Short With a Spread Bet Your P&L = | (Initial Price - Final Price) x stake |
| | |
| Example 3 |
| USD/CAD slips and the spread betting market is revised and is set at C$1.2435 - C$1.2437, i.e. you would see: |
|
1.2435 |
|
1.2437 |
|
| Take Your Profit? | At this point, you could choose to leave your spread bet open or close it in order to take a profit. In this instance you choose to settle your bet and buy at C$1.2437. |
| Your P&L = | (Initial Price - Final Price) x stake |
| (C$1.2479 - C$1.2437) x £3 per point (£3 per C$0.0001) |
| C$0.0042 x £3 per point |
| 42 points x £3 per point |
| Your P&L = | £126 profit |
| | |
| Example 4 |
| USD/CAD goes higher and the spread trading market changes to C$1.2526 - C$1.2528. I.e. you'd see: |
|
1.2526 |
|
1.2528 |
|
| Limit the Loss? | You may opt to leave your spread bet open or close it, i.e. close your position and restrict your losses. For this example, you choose to close your trade and buy the market at C$1.2528. |
| Your P&L = | (Initial Price - Final Price) x stake |
| (C$1.2479 - C$1.2528) x £3 per point (£3 per C$0.0001) |
| -C$0.0049 x £3 per point |
| -49 points x £3 per point |
| Your P&L = | -£147 loss |
- USD/CAD notes: spread betting pricing taken on 13 February 2015
- You could also financial spread bet on USD/CAD in euros/point and US dollars/point
Where Can I Practice Financial Spread Betting on USD/CAD?
Financial Spreads offers a free Demo Account that allows you to test trading theories, analyse the real time charts, try out trading orders and practice trading on markets like USD/CAD.
The Demo Account offers more than one market; you are also able to gain experience using a wide variety of shares, indices, commodities and forex pairs.
Open a CFDs / Spread Betting Demo Account
Canadian Dollar Commitments of Traders Report - 15 May 2018
Futures Only Positions, CME , Code 90741, (Contracts of C$100,000)
|
Non-Reportable Positions |
Non-Commercial
|
Commercial |
Total Reportable |
| |
| Commitments |
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
Long |
Short |
| 30,419 |
54,075 |
4,385 |
64,838 |
37,415 |
99,642 |
95,875 |
128,708 |
29,066 |
32,833 |
| |
| Changes from |
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
Long |
Short |
| -2,737 |
-2,942 |
747 |
1,448 |
1,502 |
-542 |
-693 |
-169 |
373 |
524 |
| |
|
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
|
Long |
Short |
| 23.6% |
42.0% |
3.4% |
50.4% |
29.1% |
77.4% |
74.5% |
|
22.6% |
25.5% |
| |
| |
| Long |
Short |
Spreads |
Long |
Short |
Long |
Short |
|
|
| 24 |
29 |
16 |
25 |
24 |
58 |
61 |
92 |
|
|
| |
| |
Long/Short Ratio |
| Ratio |
|
Ratio |
Ratio |
|
Ratio |
| 1:1.8 |
|
1.7:1 |
1:1 |
|
1:1.1 |
| |
| Net Commitment Change |
|
| 205 |
|
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
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