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
  • image.png

  • Posts

    • Hi KoketsoIG, Thank you for the clarification on that. Cheers
    • Dear @millennium_falcon, Hey there! Thank you for reaching out. Just a heads-up, you can only have one API key for each environment, either live or demo. No third API key can be created.  Thanks, KoketsoIG
    • To clarify my understanding. From my Usecase, I have three separate programs all operating interdependently from one another. A program to subscribe to tic data on a number of Epics via the LightStream API, another to grab historic on a number of Epics via the REST API, and finally another to manage positions via the REST API. I need to do this on my demo account initially to get API code stabilized. The IG website specifically says that I need separate API key for each distinct program connecting to IG over REST or LightStream. So in my understanding it looks like I need three API keys all for the demo account. Am I missing something or have I misunderstood how to use these API keys? I am aware of the API request limits and this is why I assumed you need a key per program. Currently I have one API key for the demo account and cannot seem to add more keys to the demo account? I have looked at the FAQ and cannot see an answer for my query.
×
×
  • Create New...
us