We show you how to short the Euro at a firm like IGIndex
This example takes you through a short-term position at IGIndex.
Say the EUR/USD price stands at 12837 - 12839.
You believe the euro will fall against the dollar over the short term and decide to 'sell' $10 per point at the bid price of 12837.
Against your expectations, the euro rises against the dollar by midday. IGIndex's quote is now 12855 - 12857 and you decide to cut your losses. You 'buy' $10 per point at 12857 to close your position.
The result
Loss on deal
Opening level 12837
Closing level 12857
Difference 20
Loss: 20 x $10 per point = $200