Understanding What Is Indices In Forex Market - Business - Nairaland
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| Understanding What Is Indices In Forex Market by swaxbz: 12:10pm On Mar 10, 2019 |
Indices or Indexes are groupings of a specified number of stocks into one trade-able entity, either representing a particular market or portion of it. Although each stock can be bought and sold on its own, and index can also be traded as a whole.Indices are bought and sold in same way as an individual share. Indices Trading Example Buying SPX500 Opening the Position Opening price USD $ 2082.60 You decide to buy 1 contract at $ 2082.60 (1 contract=1$ per index point) Closing the Position One week later the SPX500 has risen to $2092.60, you decide to take your profit by closing your buying position Market movement= 2092.60 – 2082.60 = 10 Gross profit on Trade = 2092.60*1-2082.60*1= USD$ 10 ($1 per Index point) YOU CAN LEARN MORE HERE https://entryhub..com/2019/03/understanding-what-is-indeces.html
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