In this example, after a spread of 8 points is applied – and excluding other costs – the buy (or offer) price is set at 3204, while the sell (or bid) price is 3196.
In this example, after a spread of 8 points is applied – and excluding other costs – the buy (or offer) price is set at 3204, while the sell (or bid) price is 3196. The CFD you use specifies an amount of $1 per point of market movement, and you opt to trade 10 contracts. This brings your total exposure for the position to $32,040 ($3204 x $1 per point x 10 contracts).