I do not trade this pair often. It was all about the chart.
For novice traders – What does 90 pips mean?
If you go to Google to find the pip value for a Standard Lot of currency, you’ll see that a pip is worth just over 9 dollars for this pair.
So that would be $810. In how long?
Notice that the entry and exit are marked on the chart. Each candle is 4 hours so we can easily figure out roughly how long the trade lasted.
See the related post below the image. The result of this trade was that it did not get stopped out at breakeven. What happened was that a take profit limit order was filled for about +100 pips profit.
This is an example of a long option trade on Silver. It is important to note that this is a weekly option that starts trading on Sunday night.
This amounted to about +40% and it was closed in less than a day.
I personally do not like that this platform doesn’t have the chart of the option itself. What is shown is the chart of Silver, the underlying instrument.
Charts101 Trading 