How it Works
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| The volatility of financial markets has presented misi800.com with the opportunity to create a financial spread game that promises to be fast, furious and volatile. Be prepared for fluctuations in your portfolio and the potential to achieve substantial gains and losses through spread trading. Before you participate, it is essential that you are fully aware of how the transaction works. Markets can move swiftly and unexpectedly against your open positions. |
If you believe that the price of a particular instrument, such as the FTSE index, or a single share, will rise or fall before a certain date during the life of the game, a spread trade will enable you to back your judgement.
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| misi800.com will always offer a two-way quote, known as a 'spread', made up of a 'bid' and an 'ask'. If you think that the price of the market will rise above the 'ask' price in the near future, you buy (also known as 'going long'). If you think that the price of the market will fall below the bid price in the near future, you sell ('going short'). It is important to remember that you are not actually purchasing or selling the underlying products concerned. You will never actually own the instrument. |
You must also decide how many TPs (a fictitious currency created by misi800.com for the purpose of their spread trading games) you wish to risk per point movement in the market.
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Example:
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GLAXO is trading at 1970p where one point is defined as 1p. You decide to buy GLXO and risk 1000 TPs per point. Therefore every penny GLAXO moves higher you make 1000 TPs. A week later GLXO is trading at 1990. You have therefore made 20p * 1000 TPs = +20,000 TPs
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Example:
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USD/JPY is trading at 107.50 where one point is defined as 0.01.
You decide to sell USD/JPY and risk 10,000 TPs per point.
Therefore every pip USD/JPY moves lower you make 10,000 TPs.
A week later USD/JPY is trading at 107.85.
You have therefore lost 35 pips * 10,000 TPs = -35,000 TPs
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Once in the 'Trading Suite' click on our summary link for details on:
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1) Market opening and closing times;
2) Maximum trade size allowed either long or short per instrument;
3) Value per point of each instrument;
4) Margin facility i.e. credit line available.
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It is essential to note that you are trading your stake per point movement. You are liable for an open position in the market, and hence you are not risking a 'fixed' amount - the outcome of the trade is as variable as market sentiment itself.
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Your Exposure
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| Your total potential exposure is the initial subscription fee if applicable you paid to participate in the game.
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