CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.30 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Virgin Galactic Holdings, Inc. is a company involved in space exploration. It was founded in 2004 and is owned and backed by billionaire entrepreneur Sir Richard Branson. The primary business of the company and its fully-owned subsidiaries is the development, production, and utilization of spacecraft and associated technologies for commercial human spaceflight and the launch of payloads for space-based research and development.
The company provides private individuals, researchers, and governmental organizations with access to space. Its activities include the design of its spaceflight system vehicles, their production, ground, and flight testing, and their post-flight maintenance. With an emphasis on offering space experiences for private astronauts, research flights, and professional astronaut training, it built a spaceflight system employing its technology and procedures. Additionally, it offers chances for spaceflight that are used for technological development and research. Tustin, California, and Mojave, California, are the locations of the development and production operations.
Virgin Galactic (SPCE) entered the stock market in October 2017 with a price steady at around 10 USD for a share in the NYSE index. The only major upward trend started in the second half of 2019, shooting up to its all-time high of 46 USD in Q1 2021. However, a strong rise followed a strong downfall. After a 460% growth, the selloff was even stronger to a point of 5 USD and it does not seem to be over. The company keeps its downward trend, losing most of its price over the last two years after two pump and dump kind of patterns in 2021. The COVID-19 pandemic seems to not have had any effect on the space travel industry.
More than 100 stocks of the world’s most renowned companies in your MT4 platform; low spreads, and lightning-fast execution. That’s what trading CFD stocks with Purple Trading is all about.
To start your Virgin Galactic CFDs trading, first, you need to locate the ticker SPCE on our Purple Trading MetaTrader 4 platform. To open a trade, either double-click or press the new order button, and the following window will pop up.
When you open our MetaTrader 4 platform and click on the SPCE ticker, you'll observe that the minimal volume for trading Virgin Galactic CFDs is one lot (1.0). If you trade one lot, you will gain or lose 1 USD for each 1 USD the stock makes as you are buying at a 1:1 ratio (1 lot equals 1 share). For example, you buy 5 lots at 5 USD, and Virgin Galactic goes to 6 USD. Your total profit will be 5 USD (calculated as 1 USD (100 cents) movement * number of lots/shares per the move). The same logic applies to calculating your profit or loss when entering a short position. Keep in mind that SPCE is quoted in US dollars, therefore if your account is in EUR or another currency, your profit or loss must be converted to EUR at the current exchange rate. You can trade at the current market price (market execution) or utilize pending orders, (limit and stop orders). You can initiate the trade without the stop-loss and take-profit orders now and add them afterward.
A general explanation of the basic principles of CFD instruments
A description of the specifics and advantages of trading CFD shares
Detailed analysis of all the attributes of shares and their explanation
Detailed instructions for trading CFD shares
BONUS: An overview of the different sectors of the stock market
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CFDs with underlying asset a virtual currency pair are complex, extremely risky, and usually highly speculative and entail a high risk of losing all the invested capital and therefore are not appropriate for all investors. The values of virtual currencies values are subject to extreme price volatility and therefore may result in significant loss over a short period of time. Clients should not engage in trading in CFDs with underlying asset a virtual currency pair unless they have the necessary knowledge in this specific product; or if they can bear the loss of the entire invested amount. For more details please see the Risk Warnings and Disclosures.