Jump to content

Price per point

Recommended Posts

On 17/05/2020 at 16:59, RobPhillips90 said:

Hi all,


Newbie here, I love the IG platform but not understanding the price per point when going to make a trade.

Where I've used FX before (a long time ago), I always used the PIP calculator. Is there an easy way to explain this?


3 minutes ago, 616mushroomcloud said:

What is it that you don't understand?

This way you can specify the value of a point and size your position appropriately from the ticket.

Basically IG decided to make all the markets points rather than pips, ticks and whatever so a 1 on the left of the decimal point is 1 point which is 1 pip and on the right is 10ths of a point or pipettes.

so if your position size is £1/point and gbpusd is 12240.3 and moves to 12245.3 in your favour then you have made 5 points or £5. 

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 29/03/23 14:12
  • Posts

    • #EURJPY: Detailed Structure AnalysisHere are my latest structure analysis for ⚠️EURJPY.Support 1: 138.80 - 139.25 areaSupport 2: 137.38 - 138.18 areaResistance 1: 143.19 - 143.6 areaResistance 2: 145.00 - 145.58 areaResistance 3: 146.40 - 146.7 areaConsider these structures for pullback/breakout trading.
    • #USDCAD: Important Breakout   USDCAD broke and closed below a solid horizontal demand cluster on a daily. The broken structure turned into resistance now.   Probabilities will be high to see a bearish move from that. Goals will be 1.356 / 1.346 For Additional confirmation use: the best mt4 indicators
    • Dollar Index (#DXY): Key Levels to Watch This WeekHere is my latest structure for Dollar Index.Resistance 1: 103.11 - 103.63 areaResistance 2: 104.74 - 105.1 areaResistance 3: 105.667 - 105.88 areaSupport 1: 100.82 - 100.88 areaConsider these structures for pullback/breakout trading.For Additional confirmation use: Swing Trading Indicators
  • Create New...