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The Basics |
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What is
DOLLAR PER TICK
Trading |
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How does
DOLLAR PER TICK
work |
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Components of
DOLLAR PER TICK
Trading |
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| The Components of DOLLAR PER TICK Trading: |
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| Products |
| PIPTRADE offers a wide variety of different products based on the most popular capital markets. We have Forex, Oil/Gas, Metals, Commodities, Indices, and Stocks. All our products are based on actual international exchanges so you can research and learn about them through our Education Section or on your own. |
Learn more |
| Prices |
All Prices and Quotes always come together in pairs. There is a Sell Price and a Buy Price. The difference between the Sell and Buy price is the spread.
- When you Buy a product you use the Buy Price
- When you Sell a product you use the Sell Price
When you open a trade by either buying or selling a product, this is called an Open Position. With PIPTRADE you can view how your trades are doing using the real-time Profit/Loss feature on PIPTRADE 1.0 our web-based trading platform. This amount is floating as per the market price. In order to realize a profit or limit a loss you must close your trade.
- When you close a Buy order you use the Sell Price
- When you close a Sell order you use the Buy Price
The smallest unit of movement in a quote is called a TICK. Each product has its own tick system. For instance for EURUSD the unit is 0.0001, however for Gold the unit of measure is 0.10. This means prices move up or down in this unit of measurement.
For a complete list of product and points click here |
Download a PDF of our product info |
| Expiry |
| Our futures based products have an expiry date, or the time length for which the trade can run. The end of the period is called the Expiry Date and at this time your trade will be settled automatically at the market price at the expiry time. |
| Size |
| The DOLLAR PER TICK is the trade size. In DOLLAR PER TICK Trading, you get to choose the size or dollar amount you want to invest per tick of movement. For instance, if you want to trade the EURUSD, first you will need to check the price that PIPTRADE is offering (shown below): |
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Example

After checking the prices, you think the price is due to fall so you sell EURUSD at $10 per tick (1 tick is 0.0001) at the price of 1.3048. With PIPTRADE you can choose the US$ value per tick according to your risk preference. When you trade at $10 per TICK, your profit or loss will change by $10 every time the price of EURUSD changes by 1 TICK (or 0.0001).
The Trade is closed when EURUSD is trading at:
You decide to buy EURUSD at $10 per tick at 1.2977; this means that you have just made a profit of $710
*You sold EURUSD at 1.3048 and bought at 1.2977 so the tick difference is 71 ticks. Trade size is $10 per tick, so therefore 71 x $10 = $710
With PIPTRADE all amounts are in USD. |
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| Amount to Risk |
| This is a unique feature from PIPTRADE which allows you to easily manage your risk or potential losses. Just set the amount either large or small. You may change this amount while your trade is live anytime. Remember if you set your amount to risk as too small you might not give your trade a chance to change directions and go your way. |
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