Jump to content

calculating the current buy price of a stock

Guest chance11

Recommended Posts

Guest chance11

Hi everyone, I'm  new to trading and currently using a demo account and have got a hang of looking for good buying points and positions, but iv notice on the live account that it doesn't calculate the price of a stock when buying.

gold as an example - its currently at 1203.05, if this was the current price I would expect it to be £1203 pounds per share  but the buy price  £60. 

how do I formulate this as I can't see any straight forward answers / calculations.


thanks in advance, 


Edited by chance11
Link to comment

Hi @chance11, you are using a spread betting account to trade gold so you are not actually buying gold but rather a derivative in the form of gold contracts. The price you are seeing on the chart is not the current price but rather the mid price between the current sell and buy price as displayed in the buy/sell box. The £60 you mention seems to refer to the margin requirement which is the amount of free capital in your account needed to open the trade. 

Don't forget to take a look at the IG training academy,


  • Like 1
Link to comment
Guest chance11

@Caseynotes thanks for the reply, ill have a read. whats got me lost is how I calculate the margin required when purchasing, so how much its going to cost to buy in.  would you be able to give me an example using gold, thanks in advance :)

Link to comment
4 minutes ago, Caseynotes said:

Actually I just found a new trick James and Chance, sorry if you already seen it before, but google will do the calc just by typing the equation straight into the search box, before I would have gone to a calc page first.

it will also automatically calculate it on every deal ticket as well ;) 

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 17/05/23 10:51
  • Posts

    • Does anyone else know any other SB providers that you can use to trade through TV?  I've only so far seen CFD providers which doesn't work for me due to tax reasons (mainly the hassle of having to account for it as well as the obvious cost).
    • Is there any update on when/if there will be any integration with Tradingview???
    • The anonymity of cryptocurrency transactions can vary depending on the specific cryptocurrency you use and the methods you use. While some cryptocurrencies provide a degree of privacy and anonymity, it is important to note that achieving complete anonymity can be difficult. Most cryptocurrencies operate on a pseudonymous basis. Transactions are recorded in a public ledger, called a blockchain, using cryptographic addresses instead of personal information. However, these addresses are usually not directly linked to a real identity, unless someone voluntarily discloses this information. Some cryptocurrencies, such as Monero (XMR) and Zcash (ZEC), are specifically designed to increase privacy and anonymity. I read on https://deeplab.com/darkweb/anonymous-sudan-launches-cyberattacks-on-middle-eastern-news-outlets-expands-target-list-with-four-additional-names that some people use this anonymity as a cyber attack.
  • Create New...