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Saturday, March 28, 2009

Spread betting on currencies


With Finspreads you can spread bet on the performance of all the major currencies. We offer trading on the price of the US dollar (USD), Australian dollar (AUS), Canadian dollar (CAD), Swiss franc (CHF), Euro (EUR), British pound (GBP), Japanese yen (JPY) and the New Zealand dollar (NZD).
Currency trading is also known as foreign exchange, forex, or FX. You may see currency spread betting referred to using any of these terms.
When trading currencies, you are speculating on the relative performance of one currency against another. If you believe one currency will strengthen against the other you “buy”, and if you expect it to weaken, you “sell”.
For example, if you expect sterling to strengthen relative to the dollar, you would buy the sterling/dollar. Conversely, you would sell euro/yen if you expect the euro to weaken against the yen.
As currency markets are open around the clock, you can trade currencies 24 hours a day between Sunday and Friday (from 21.30 Sunday to 21.15 Friday GMT).
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