lots and exponential moving average

[Gavmister]

Hi guys.

 

I'm a beginner trader so forgive me if these are stupid questions.

 

Firstly, I have learnt that when trading currencies you trade with lots (micro lots, nano lots etc) with leverage but when I go on IG it just gives me the option to trade with the currency units i.e one pound or one dollar, Is this just how it is on IG or is there a way to change this, and how do I trade with leverage?

Secondly for some reason I don´t have the exponential moving average as an indicator, I even can see the indicator is available when I watch a youtube video that teaches you how to use IG but when I open my own chart and look at the indicators it´s not there, how can I access this indicator?

 

Thanks

 

[OfentseIG]

20 hours ago, Gavmister said:

Hi guys.

 

I'm a beginner trader so forgive me if these are stupid questions.

 

Firstly, I have learnt that when trading currencies you trade with lots (micro lots, nano lots etc) with leverage but when I go on IG it just gives me the option to trade with the currency units i.e one pound or one dollar, Is this just how it is on IG or is there a way to change this, and how do I trade with leverage?

Secondly for some reason I don´t have the exponential moving average as an indicator, I even can see the indicator is available when I watch a youtube video that teaches you how to use IG but when I open my own chart and look at the indicators it´s not there, how can I access this indicator?

 

Thanks

 

Hi @Gavmister

Thank you for reaching out. 

It depends on the type of account.  CFDs are traded in standardised contracts, sometimes called lots. The sizes of these contracts differ depending on the asset, often mimicking how that asset is traded in the underlying markets. You can find more information on the deal ticket under the Market Info tab. 

 

We do offer the exponential  moving average on the platform. What type of account are you trading on? 

Thanks, OfentseIG

[Gavmister]

Hello!

So I think i have figured out how to see the EMA, when i click the MOTHER indicator i can see different EMAs, Why is called something different?

I'm using a demo account for the time being, is the available leverage different on a demo account?

So I can see in your photo it says contract size per point is 10,000 GBP, what does that mean exactly?

Thanks.

[OfentseIG]

4 hours ago, Gavmister said:

Hello!

So I think i have figured out how to see the EMA, when i click the MOTHER indicator i can see different EMAs, Why is called something different?

I'm using a demo account for the time being, is the available leverage different on a demo account?

So I can see in your photo it says contract size per point is 10,000 GBP, what does that mean exactly?

Thanks.

Hi @Gavmister

This is how it comes up on the Live account and all platforms then you would have the option to select EMA 20 50 100. For your second question, if you are trading GBP/USD for example, then you are trading Exposure of 100,000 of first currency (GBP), denominated in second currency (USD)
Value of 1 point = $10 which is the second name currency. This is for standard contracts. Same rule applies for mini contracts. 

 

Thanks, OfentseIG