Sunday, October 17, 2010

Trading Specifics and Facts

What is point and position point value?
Point is the smallest change in a market instrument's price. If a price changed from 1.2000 to 1.2001 or from 201.10 to 201.11, it changed for 1 point. Point value depends on your position size.

How do I calculate my profit?
Your profit depends on your position size and difference in prices traded. If you buy a market instrument for 129.38 (quantity of 10000) and later sell it for 129.52, your profit will be (129.52 - 129.38) * 10000 = 1400.

Are there any restrictions on quantity?
You can specify any position size in our trading system, as we don't have strict quantity specifications. For example, you can specify: 1, 3, 7, 23, 154, 837, 3497, 10000, 100000 or any other quantity when you send an entry order.

What is spread?
Spreads between bid and offer (ask) prices are variable. Price spreads often unexpectedly change and greatly increase during weekends, in after-hours trading, in case of market-related announcements or market turmoil.

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