Jump to content

calculating the current buy price of a stock


Recommended Posts

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, 

1091232565_ScreenShot2018-08-29at10_03_50.thumb.png.68e9702fe36f17fc09ad75740cb35beb.png

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,

https://www.ig.com/uk/learn-to-trade/ig-academy

  • Like 2
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
      20,032
    • Total Posts
      88,043
    • Total Members
      69,027
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    daisycarro3
    Joined 29/09/22 05:18
  • Posts

    • PayPal Holdings Inc.,Elliott Wave Technical Analysis PayPal Holdings Inc.,(PYPL:NASDAQ): Daily Chart,September 29 2022 PYPLStock Market Analysis:It looks like we have a three wave structure to the downside which makes us believe the count is moving as expected. Waiting for confirmation level to be broken. PYPLElliott Wave count:{c} of 2. PYPLTrading Strategy:Lookinga break of the green line and then a three wave pullback. PYPLTechnical Indicators:We are trying to go back above the 20 EMA. TradingLounge Analyst: Alessio Barretta       PayPal Holdings Inc.,PYPL: 4-hour Chart,September 29 2022 PayPal Holdings Inc.,ElliottWave Technical Analysis PYPLStock Market Analysis:The most important thing was to count 5 waves into wave {c} and we can identify them. PYPLElliott Wave count:{c} of 2. PYPL Technical Indicators:Above the 20EMa and RSI made a bounce into neutral territory. PYPLTrading Strategy:Looking a break of the green line and then a three wave pullback.
    • The rally on Wall Street yesterday provided Asian markets with a reason to bounce, as oversold stocks and excessively bearish sentiment finally gave way to some bargain hunting among investors. The Bank of England's decision to intervene in bond markets yesterday provided the foundation for at least a short-term bounce, but whether it turns into anything more sustained remains to be seen. Longer-term of course, rates continue to rise, and the economic outlook remains grim, suggesting that earnings will keep coming under pressure. Thus while another 'bear market bounce' may be in the offing, the overall outlook still suggests that risk assets will struggle. Today sees German CPI and weekly US jobless figures, along with speeches from Fed members Bullard and Mester.   
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage:   Relief for the markets as the mighty USD saw one of its biggest single day declines since the early days of Covid Indices: New lower lows and a mini capitulation for most markets before a rebound. Europe expected to open up. APAC all higher FX: USD weakness unwinding a small degree. EURUSD awaiting German inflation expected to tick up by a margin of more than 150bps to 9.4%’ GBP weaker again  Equities: Toyota global vehicle sales up 44.3% in Aug, a record for the month Commods: Pretty much all of the commodity complex showing an upward retracement in the wake of that weaker USD. Today a small drop apart from oil which is holding Wednesday’s gains      
×
×
  • Create New...