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How to work out value of contract per point of movement.
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Guest danatherton97,
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By tradinglounge · Posted
This analysis provides insights into the Elliott Wave patterns observed in major NASDAQ stocks, including the NASDAQ 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). Currently, we assess that the Wave (4) low may have been established across these indices, signaling a potential shift to a "Risk On" stance. This scenario suggests that building long positions in most technology stocks could be increasingly viable. However, the inherent risk lies in the possibility that Wave (4) may not yet be fully in place. As a precaution, we continue to manage existing risks carefully. Should the market conditions confirm the placement of Wave (4), we will be better positioned to safely escalate our long trading positions in anticipation of the next upward movement. Video Chapters 00:00 NASDAQ 100 (NDX) SP500 (SPX) 01:43 Apple (AAPL) 03:26 Amazon (AMZN) 04:18 NVIDIA (NVDA) 05:13 Meta Platforms (META) 05:54 Netflix (NFLX) 06:31 Alphabet (GOOGL) 07:20 Microsoft MSFT 08:00 Tesla (TSLA) 09:20 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com -
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Guest danatherton97
I'm learning the IG Academy courses at the moment and got to the CFDs section.
It states: "Going back to silver, it's traded in a contract size of 5000 troy ounces in the underlying market. Therefore most CFD providers also offer silver in a contract size of 5000 troy ounces. This works out to be the equivalent of $50 per point of movement."
My question is, why does this work out to be the equivalent of $50 per point of movement? I feel like I'm missing something here because I just cant wrap my head around it at all. Your profit or loss on a CFD is calculated as the numbers of contracts traded multiplied by the value of the contract per point of movement multiplied by the difference in points between the opening and closing of the contract. So, how do you work out the value of the contract per point of movement? Any help or explanation would be appreciated.
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