The Trade is opened when Spot Gold is trading at 888.00 (Selling Price) - 888.50 (Buying Price) 1 TICK of Spot Gold is 0.05
You think the price is due to FALL Sell Spot Gold @ $20 per TICK @ 888.00
You think the price is due to RISE Buy Spot Gold @ $20 per TICK @ 888.50
With PIPTRADE you can choose the US$ value per tick
according to your risk preference. When you trade at $20 per
PIP, your profit or loss will change by $20 every time the
price of Spot Gold changes by 1 TICK (or 0.05)
The Trade is closed when Spot Gold is trading at 902.30 (Selling Price) - 902.80 (Buying Price)
Sell Spot Gold @ $20 per TICK @ 902.80
Buy Spot Gold @ $20 per TICK @ 902.30
Selling Price: 888.00
Buying Price: 902.80
Difference:
(888.00 – 902.80) = -14.80
Your loss on the trade is 296 ticks
Trade Size: $20 per TICK
(0.05 movement)
-296 * $20 = -$5,920 Loss
Buying Price: 888.50 Selling Price: 902.30
Difference:
(902.30 – 888.50) = 13.80
Your profit on the trade is 276 ticks
Trade Size: $20 per TICK
(0.05 movement)
This metal is an industrial metal used mainly in building and construction such as electrical work and plumbing. This is often considered as an accurate measure of economic growth. If the demand for copper is increasing you will usually see at the same time as this an economic expansion.
Chile, Peru, South Africa, North America and China are the largest producers of copper. Any political unrest in the main producing countries, strikes or shipping problems could all cause the price of copper to fluctuate quite considerably.
FALL
