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)
Silver is widely regarded as a precious metal even though it is not as rare as gold. Although its use for coin making was greater pre 1960 this metal is still used to some degree in making coins we use today. Around half of the silver produced in the US is used in photographic film and is also used in the production of jewellery and many electrical devices.
Silver prices are pretty dependant on the US economy as well as other global economies, with stronger economies tending to increase its price and weaker economies resulting in a reduction in price. Inflation as well as supply and demand can also affect the price of this precious metal.
FALL
