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Glossaire du trading

Point

Basics

Ce que ça veut dire

A one-unit move in the price of an asset, most often used for index futures and stocks where 1 point equals $1 per share or per contract.

Exemple

If the S&P 500 futures rise from 4,500 to 4,505, that is a 5-point move. On one ES contract, 1 point equals $50, so 5 points equals $250 per contract.

L'erreur des débutants

Beginners mix up points, pips, and ticks across markets. A "5-point move" in forex means something completely different from a 5-point move in index futures.

Termes liés

  • Pip — The smallest price move in forex, usually the fourth decimal place (0.0001) for most curre…
  • Tick — The smallest possible price change for a specific market, and also a single traded transac…

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