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Gold forex trading is available though ThinkForex trading platforms. Throughout history, gold has played the role of one of the oldest forms of money. Dating as far back as 800 B.C, gold has been used as a store of value and a mechanism for monetary transactions.
| Gold |
| Contract Symbol: XAUUSD |
| Contract Size: 100 oz |
| Pip size: 0.10 |
| Pip Value per 1.0 Lot - $10 |
| Minimum Stop - 0.50 |
| Margin Calculations |
| Margin Calculation: (100 x Price x Lot Size) / Leverage* Example 100 x 1425.00 x 1.0 = $142500 / 200 = $712.50 *Leverage is 200:1 in this example |
| Gold moves in 0.10 increments with a pip value of $10 per 1.0 lot. |
| Gold pip values can be calculated by multiplying tick value, lot size and market movement (closing price - Open Price x 10) |
| In this example, the position (0.25 lot) was closed at 1440.00 from a 1438.00 open. |
| Market movement = (1440.00-1438.00) X 10 = 20 pips P&L Calculation 10 x 0.25 x 20 = $50 |
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