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Forex
Rolling Spot Forex is a ‘contract for difference’ or a CFD with a currency pair used as the underlying asset for example GBP/JPY. Trading Forex CFD’s allows you to obtain indirect exposure without physically owning the underlying asset, however, you may gain profit or suffer losses as a result of price fluctuations in the physical underlying asset.
WhyTrade Rolling Spot Forex CFD’s
Rolling Spot Forex CFD’s can be used to speculate on the price movement of currencies. If you believe GBP will strengthen against JPY – your aim is to buy GBP/JPY at a lower price and then sell the GBP/JPY at a higher price at a future date.
If you believe GBP will weaken against JPY in the future – your objective is to sell GBP/JPY at a particular price and expect it to be bought back later at a lower price at a future date.
Favourable market price movements result in profits while the opposite results in losses, both equal to difference between buy and sell prices multiplied by the contract/exposure amount. (hence the contract is “for difference”) known as a CFD.
If you physically own the underlying currency asset (such as JPY) you will be exposed to market risk due to price fluctuations. Currency markets trade 24 hours a day 5 days per week and move continuously. To mitigate or hedge this market risk you can use Rolling Spot Forex CFDs by opening an opposite direction position therefore hedging your position.
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