Guide to Dollar/Swiss Franc Spread Betting

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Where Can I Spread Bet on USD/CHF?

FinancialSpreads provides clients with a wide array of FX CFD and spread betting markets such as USD/CHF as well as the euro/Swiss franc, US dollar/Japanese yen and sterling/dollar.

Where Can I Access Live USD/CHF Prices?

With FinancialSpreads investors are able to take a position on over a thousand real time prices such as USD/CHF and a large variety of other foreign exchange, equities, commodities and stock markets.

Where Can I Get Live USD/CHF Charts?

When trading with a Financial Spreads account you can access a real-time charting package for USD/CHF and over a thousand other CFD and financial spread betting markets.

Along with the various display styles, the charting package also comes with an array of features:
Example currency market spread betting chart:

Forex Spread Betting Charts



A Guide to Spread Betting on USD/CHF

As an example, let's say you sign into the Financial Spreads website and the trading platform is showing a price of:

  USD/CHF Rolling Spot Sell

0.92998
Buy

0.93012


Here is a brief example of how the market works:

The Spread Betting MarketUSD/CHF Rolling Spot
The SpreadSFr 0.92998 - SFr 0.93012
How the Trade WorksNow you can trade on the USD/CHF Rolling Spot market to push:

  Spread Betting Higher than SFr 0.93012, or
  Spread Betting Lower than SFr 0.92998

This is a 'Rolling' spread betting market and so there is no final closing date. If you don't close your position and the session ends then your trade will automatically roll over to the next session.

Note that if the trade is rolled over then you will either be credited or debited for overnight financing based on whether you are betting on the market to move higher or lower. For additional information also see Rolling Spread Betting.
Traded UnitsSpread trades on the USD/CHF market are priced in £x per point.

Where a point is SFr 0.00010 of the FX market's price movement.

E.g. if USD/CHF changes by SFr 0.00500 then you would lose or gain 50 multiples of your stake.
StakeYou choose how much you want to risk per point, e.g. £1 per point, £4 per point, £10 per point etc.
Simplified ExampleFor example, if you decided on a stake of £3 per point and USD/CHF moves by SFr 0.00270 (27 points), you would gain or lose £3 per point x 27 points = £81.


Worked Spread Betting Example - Taking a Bullish View of USD/CHF

Online spread betting on the currency market to move up in value

You Decide Whether to Buy or Sell USD/CHF moving:

  Spread Betting Higher than SFr 0.93012? or
  Spread Betting Lower than SFr 0.92998?

Let's Say You Choose to Go Long   Spread Betting Higher than SFr 0.93012
You Select How Much to Risk, Let's Say You Choose £2 per point
What Now?
  • You will make £2 for each point (SFr 0.00010) USD/CHF increases above SFr 0.93012
  • You will lose £2 for every point (SFr 0.00010) USD/CHF moves below SFr 0.93012
When Going Long of a Market Your P&L = (Closing Price - Initial Price) x stake
 
Scenario 1
USD/CHF increases and the market is moved to SFr 0.93640 - SFr 0.93654, so you would see:   0.93640   0.93654
Take Your Profit? At this point, you can decide to let your bet run or close it in order to lock in your profit. In this case you choose to close your trade by selling at SFr 0.93640.
Your P&L = (Closing Price - Initial Price) x stake
(SFr 0.93640 - SFr 0.93012) x £2 per point (£2 per SFr 0.00010)
SFr 0.00628 x £2 per point
62.8 points x £2 per point
Your P&L = £125.60 profit
 
Scenario 2
USD/CHF goes lower and the spread betting market is revised to SFr 0.92454 - SFr 0.92468, i.e. on Financial Spreads you would see:   0.92454   0.92468
Time to Limit the Loss? You may opt to leave your bet open or close it, i.e. close your trade and restrict your losses. In this instance you choose to settle your position and sell at SFr 0.92454.
Your P&L = (Closing Price - Initial Price) x stake
(SFr 0.92454 - SFr 0.93012) x £2 per point (£2 per SFr 0.00010)
-SFr 0.00558 x £2 per point
-55.8 points x £2 per point
Your P&L = -£111.60 loss


Worked Example - Going Short of USD/CHF

Spread betting on the currency market to move down in value

You Select Whether to Buy or Sell USD/CHF to go:

  Spread Betting Higher than SFr 0.93012? or
  Spread Betting Lower than SFr 0.92998?

Let's Say You Decide to Sell   Spread Betting Lower than SFr 0.92998
You Decide Your Stake Size, Let's Say You Select £3 per point
So Now What Happens?
  • You will lose £3 for every point (SFr 0.00010) USD/CHF increases higher than SFr 0.92998
  • You will make £3 for every point (SFr 0.00010) USD/CHF falls lower than SFr 0.92998
If You Are Speculating on a Market to Go Down Your P&L = (Initial Price - Closing Price) x stake
 
Scenario 3
USD/CHF moves lower and the spread trading market moves to SFr 0.92639 - SFr 0.92653, therefore you would see this on Financial Spreads:   0.92639   0.92653
Close and Take Your Profit? At this point, you can choose to let your position run or close it in order to lock in a profit. In this example you opt to close your position by buying the market at SFr 0.92653.
Your P&L = (Initial Price - Closing Price) x stake
(SFr 0.92998 - SFr 0.92653) x £3 per point (£3 per SFr 0.00010)
SFr 0.00345 x £3 per point
34.5 points x £3 per point
Your P&L = £103.50 profit
 
Scenario 4
USD/CHF moves higher and the financial spread betting market is revised and moved to SFr 0.93291 - SFr 0.93305. I.e.   0.93291   0.93305
Time to Limit Your Loss?You may choose to let your spread bet run or close it, i.e. close your position and restrict your loss. In this example you decide to settle your trade and buy at SFr 0.93305.
Your P&L = (Initial Price - Closing Price) x stake
(SFr 0.92998 - SFr 0.93305) x £3 per point (£3 per SFr 0.00010)
-SFr 0.00307 x £3 per point
-30.7 points x £3 per point
Your P&L = -£92.10 loss

Where Can I Practice Financial Spread Betting on USD/CHF?

FinancialSpreads offers a free Practice Account where you can test new ideas, access the real-time charts, try out spread betting and CFD trading and try out trading orders etc. on spread trading and CFD markets like USD/CHF.

The Practice Account is not limited to one market; investors can gain experience across a variety of forex, stocks, commodities and stock market indices.

Open a Free CFD Trading / Spread Betting Demo Account


Swiss Franc Commitments of Traders Report - 14 Mar 2017


Futures Only Positions, CME , Code 92741, (Contracts of CHF 125,000)

Reporting Firms Non-Reportable Positions
Non-Commercial
Commercial Total Reportable
 
Commitments Open Interest Commitments
Long Short Spreads Long Short Long Short Long Short
12,950 21,947 687 25,176 3,608 38,813 26,242 45,623 6,810 19,381
 
Changes from 28 Feb 2017 Change in Open Interest Changes from
Long Short Spreads Long Short Long Short Long Short
232 -787 -407 -10,186 -8,999 -10,361 -10,193 -10,885 -524 -692
 
Percent of Open Interest for Each Category of Trader
Long Short Spreads Long Short Long Short   Long Short
28.4% 48.1% 1.5% 55.2% 7.9% 85.1% 57.5%   14.9% 42.5%
 
Number of Traders in Each Category Total Traders  
Long Short Spreads Long Short Long Short    
11 17 6 10 5 25 24 42    
 
Long/Short Commitments Ratios   Long/Short Ratio
Ratio   Ratio Ratio   Ratio
1:1.7   7:1 1.5:1   1:2.8
 
Net Commitment Change  
1,019  



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