Forex Examples
AffiliateInnovative Technology Payment MethodsFXAccount TypesCommoditiesEquitiesRefer a FriendMarket InsightForex TutorialMamGlobal PresenceIntroducing BrokerFree EducationWide Range of ProductsWhite LabelFix Api
Close

GKFX Worldwide

Please select a country to view our offerings for your region

In case you region or country is not listed, visit our global website.

Where am I?

Back

Close

Your feedback is important to us!

How would you rate our site on a scale of 1 to 5, 5 being the highest and 1 being the lowest?

  • 1
  • 2
  • 3
  • 4
  • 5

Please enter your feedback in the box below and tell us what you think !

Refresh

Trading & Products

GKFX offers advanced FX, CFD’s and commodities brokerage platforms.

Forex

Learn about the basics and history of the biggest financial market in the world.

Forex Example

We will use the Euro versus the US Dollar, EURUSDSB, as an example of how to trade FX on a Spread Betting Account .

First determine the standard lot size for EURUSDSB. If you do not know what the standard lot size is you can look it up on our Market Information Sheets.

The standard lot size for EURUSDSB on a Spread Betting account is £1 per pip.
 
In FX a pip is a unit used to measure a movement in price. One pip of EURUSDSB is 0.0001.
 
With GKFX you can trade from as little as 10 pence per pip on our Spread Betting accounts. To trade 10 pence per pip enter 0.10 as your lot size. This is 0.10 x the standard lot size of £1 per pip, which is £0.10, or 10 pence per pip.
 
If you bought EURUSDSB with a lot size of 0.10 you would have made £0.10 for every pip the price of EURUSD went up.
 
If you sold EURUSDSB with a lot size of 0.10 you would have made £0.10 for every pip the price of EURUSD went down.
 
If you bought EURUSDSB at 1.3000 and the price moved up 5 pips to 1.3005 you would have made a profit of 50 pence because £0.10 per pip x 5 pips = £0.50, or 50 pence.
 
If you sold EURUSDSB at 1.3000 and the price moved down 5 pips to 1.2995 you would have made a profit of 50 pence because £0.10 per pip x 5 pips = £0.50, or 50 pence.
 
Alternatively if the prices in the examples moved in the opposite directions you would have lost the amounts stated.
 
On Spread Betting accounts your profit will always be in GBP.

GKFX Financial Services Ltd,
Bevis Marks House,
24 Bevis Marks, London, EC3A 7JB
P : +44 (0) 20 7186 1212
F : +44 (0) 207 186 1251
Authorised and regulated by the Financial Conduct Authority.
FCA registration number 501320. Registration Number: 6837942.
 

RISK WARNING

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors and you can lose more than your initial deposit. Please ensure that you fully understand the risks involved, and seek independent advice if necessary.See our full Risk Warning and Terms of Business for further details.

Our products are traded on margin and carry a high degree of risk. Losses can exceed your initial deposit.

Where am I?
Close