Selling EUR/USD
It is late in the afternoon and EUR/USD exchange rate has just
hit an intra-day low of 1.3573. Our quote for the currency pair is
1.3572 / 1.3574. You think the exchange rate will keep falling and
sell £1 per point at 1.3572 to open a position. Your judgment is
correct and by early evening, our quote has dropped to 1.3331 /
1.3333. You buy £1 per point at 1.3333 to close the position, and
you have just made a profit of £1 x (1.3572 - 1.3333) = £239.
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Risk Warning
Spread Betting, CFDs and Forex are high risk investments and it is possible to lose more than your initial deposit. Spread Betting, CFDs and Forex are not suitable for all investors and you should ensure that you understand the risks involved and, if necessary, obtain independent financial advice to ensure that these products fit your investment objectives. †Tax law can be changed or may differ if you pay tax in a jurisdiction other than the UK. Gekko Global Markets Ltd. is a company registered in England and Wales under register number 03148972. Gekko Global Markets Ltd. is regulated and authorised by the Financial Services Authority, FSA Register number 184333.