Contract size

[Guest BZ2]

Hi,

I have just opened a Demo account and learning to trade.

For CFD trades, when I select 1 in the size does that mean I’m entering a contract and if 2, means I’m entering 2 contracts?

[CharlotteIG]

3 hours ago, Guest BZ2 said:

Hi,

I have just opened a Demo account and learning to trade.

For CFD trades, when I select 1 in the size does that mean I’m entering a contract and if 2, means I’m entering 2 contracts?

Hey, 

With CFD contracts have different sizes for example: 

Shares: 1 means 1 share 

But the other markets have contract sizes which you can check on the deal ticket: 

So here you can see if you chose Oil ($10) that means if you opened one contract ever point movement would be (1 x $10) so $10 movement. 

If you had 5 Oil ($10) contracts each point movement would be (5 x $10) so $50 movement per point. 

All the best 

Charlotte