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)
Gold is traded on the COMEX exchange a branch off of the New York Mercantile Exchange. This metal is a superior industrial commodity with properties that make it an excellent product for the making of jewelry and minting coins.
The largest producers of gold are South Africa, the US, Australia and China. Gold is always seen as a stable investment when economies are in a state of panic with such occurrences as acts of terrorism or war. Gold has an inverse relationship with the USD.
FALL
