Removing Currency Exposure with Spread Betting

It’s a short update today because, well, I do have a life.

I wanted to highlight the fact that spread betting removes currency exposure from your trading. British spread bettors can bet on a US (or other country) stock or index, or a dollar-denominated commodity, without worrying about their “investment” falling merely as a result of the fluctuating GBP / USD exchange rate. Let the spread betting company worry about that aspect, while you sit back and watch your “investment” growing in line with the underlying on a simple pounds-per-point basis whatever currency those ‘points’ are denominated in.

So that’s one less thing to worry about with a spread betting account when you choose from these providers.

I was reminded to remind you about this aspect of spread betting when I re-read the list of spread betting benefits in the Introduction to the second edition of Malcolm Pryor’s Financial Spread Betting Handbook.

Subscribe to Better Spread Betting by Email (I won’t tell anyone else, and you can cancel anytime)

Disclaimer: this posting is for general education only; it is not trading advice.