Learning Centre
Online Financial Market Trading
Basic bets | Basic bets |
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Please note that the symbol ğ represents the 'gnu' ('noo') – our virtual play money currency. All numerical examples use ğ for simplicity but they equally apply to real money transactions using £, € or $ currencies.
A simple way to tradeA 'basic bet' is a type of binary bet, where you simply bet on whether a market price will go up or down within a certain time frame that you choose. For information on the minimum and maximum bet sizes and how payouts are calculated, see the gnuTrade Example bet: If you place a $5 wager that the price of OIL will be lower in the next 5 minutes and you are right, you win. if you are wrong, your loss is $5. When you bet that a market will be higher, the outcome is based on the buy price of that market. When you bet that a market will be lower, the outcome is based on the sell price of that market. If the time frame you set for a bet extends beyond the closing time for that market, the bet automatically closes when the market closes.
Account balanceWhen you place a basic bet, the bet amount moves from your account balance to your margin balance. If you win, your full bet amount returns to your account balance along with your profit. To learn how to place a basic bet using the gnuTrade Trading Screen, click here. |
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