Buy
Also called buying high or going long, it means buying a certain number of lots in anticipation of a price increase.
Sell
Also known as buying the dip or short selling, it means selling a certain number of lots when the price is judged to fall.
Open a position
Also called opening a position, it refers to buying or selling a certain number of lots.
Volume
Refers to the amount of London gold/silver bought or sold in each transaction. One lot of London gold equals 100 ounces, and one lot of London silver equals 5,000 ounces. This means 0.1 lot of London gold equals 10 ounces, calculated proportionally.
Point
1 point refers to US$0.01/ounce of the London gold/silver price, that is, when the London gold/silver price rises or falls by US$0.05/ounce, it is equivalent to an increase or decrease of 5 points.
Minimum amplitude
Each tick of the London gold exchange rate is equivalent to a rise or fall of at least 1 point, which means the price of London gold per ounce has risen or fallen by $0.01. Each tick of the London silver exchange rate is equivalent to a rise or fall of 1 point, which means the price of London silver per ounce has risen or fallen by $0.01.
Stop Out
GF’s forced liquidation margin requirement is 30%. When your margin ratio is less than or equal to 30%, the system will automatically close your positions based on the loss level until it exceeds 30%. Please always pay attention to the funds in your account to avoid unnecessary losses. The margin ratio is calculated as: Net Value ÷ Used Prepayment * 100%
T+0
“T+1” means you can close a position on the same day it’s opened, while “T+1” means you can close it the next day (i.e., one day later). The number after “T” indicates the number of days after opening that you can close the position. Trading platforms allow immediate closing of positions after opening, so this is considered T+0 trading. For example, stocks cannot be sold on the same day they were purchased; they must wait until the next day, which is considered T+1 trading.
Contract Unit
是指交易1手伦敦金/银中所买卖的数量。1手伦敦金的合约单位是100盎司，1手伦敦银的合约单位是5000盎司。
Spread
This refers to the difference between the buy and sell prices on the trading platform, which is also the transaction cost of opening a position. The company will charge a spread fee when opening a position. The London Gold Standard Spread is $0.50/ounce, and the London Silver Standard Spread is $0.04/ounce.
Overnight interest
Overnight interest is incurred if the position is not closed on the day of opening and is held until the next day. Both long and short positions require overnight interest based on the closing price of the day, the corresponding interest rate, and the number of overnight days. The overnight interest rate for long orders is -1.75%, and the overnight interest rate for short orders is -0.15%.
Holding positions overnight
Overnight interest is not calculated based on midnight. Once a position is opened and held until 5:59:59 the following morning, overnight interest will be incurred. The time is based on the system display.
pending orders
A pending order sets a desired trading price. When the latest market price reaches the price set by the user, the system automatically opens a position. The advantage of a pending order is that the user can select the trading instrument, lot size, and target transaction price independently, without having to monitor market conditions or open a trading platform.
Stop Profit
A take-profit (also called a “profit earner”) is a pre-set closing price for a trade. When the market price reaches this price, the system automatically closes the trade. The take-profit setting in the MT5 platform is used to lock in profits, preventing them from being lost due to price fluctuations. The take-profit price should be set within the profit zone (i.e., for a long position, the take-profit price should be above the entry price; for a short position, the take-profit price should be below the entry price).
Stop Loss
A stop-loss is a pre-set closing price for a trade. When the market price reaches the set stop-loss price, the system automatically closes the trade. The stop-loss setting in the MT5 platform is used to control losses. The stop-loss price should be set within the loss-making range (i.e., if you’re buying a long position, the stop-loss price should be below the entry price; if you’re buying a short position, the stop-loss price should be above the entry price).