Crypto trading focuses on buying and selling digital currencies, such as Bitcoin, Ethereum, and other major cryptocurrencies, to track and profit from their performance in the decentralized financial market.
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Leverage
1:200
Swap Type
In Points
Swap Long
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Swap Short
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3 day Swap
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Contract Size
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The computation for your trade’s gross profit is as follows:
Opening Price
83,087.70
Closing Price
84,500.00
Difference
1412.30
Gross Profit on Trade
1,412.30 points x 1 contract ($1 per point) x 1 Lot = USD $1,412.30
Opening the Position
The BTCUSD pair is currently quoted at 82,989.60/83,087.70. Based on your expectation that Bitcoin will appreciate, you opt to purchase 1 contract at 83,087.70 (where each contract is equivalent to $1 per point). It’s important to consider that cryptocurrency trading may include additional fees or spreads.
For every point the bid price surpasses 83,087.70 on BTCUSD, you’ll realize a profit of $1 USD. Conversely, for every point the bid price drops below 83,087.70, you’ll experience a loss of $1 USD.
Closing the Position
After a few days, Bitcoin’s price has climbed to 84,499.80/84,500.00, prompting you to secure your gains by selling at 84,500.00. This results in a total value of USD $84,500.00 (84,500.00 * 1 * 1). Subsequently, you close your position by selling 1 contract at 84,500.00.
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