The term “Pip” is used for Forex instruments quoted to the fifth place after the decimal point (e.g. AUDJPY – 1.08052). One pip equals a price increment of exactly 0.00010.
- For instruments quoted to the third place after the decimal point (e.g. AUDUSD – 115.521), one pip equals a price increment of precisely 0.010.
- In the case of spot metals, one pip equals a price increment of exactly 0.01.
- For cryptocurrencies and indices, one pip equals to a price increment of precisely 1.0.
- In the case of other instruments, one pip equals a Tick Size.
A XAU/USD based on the price of gold and traded against the US dollar. Gold is a spot commodity and is one of the most traded precious metals. Gold’s price is quoted per troy ounce (oz t), in US dollars.
NSBroker offers the wonderful ability to trade the Contract for Difference (CFD) on precious gold. Please review the informational chart display above. By doing so, you may also explore the global market definite Bid and Ask costs for CFD. Information surrounding the archive performance and losses are also stated there. Use this data to make successful trading outcomes.
Trading with Gold is as easy as completing the initial form. Simply choose the ‘Register’ button located at the upper portion of the web page.
Continue to follow the directions on the screen. All visitors will get the chance to put money into the trading accounts via methods that include no commission price at all. All trading may be done on MT5.