Trading on Wmax · 威马证券London SilverAt that time, the contract unit for one lot was 5000 ounces. 0.1 lot corresponds to 500 ounces, 0.01 lot corresponds to 50 ounces. This refers to the size of the trading contract, which is used to calculate the profit and loss corresponding to price fluctuations, and also affects margin and trading costs.

Many beginners see a silver quote of only a few tens of dollars, and when they see "5000 ounces per lot", their first reaction is often: should they buy back all 5000 ounces of silver in their next lot?

In actual transactions, we can first understand "contract unit" and "physical quantity" separately.

What does 5000 ounces per hand mean

London silver uses standardized contract units.

Wmax · 威马证券 currently corresponds to 5000 ounces per lot of London silver, which is mainly used to calculate the market price exposure represented by an order.

Wmax · 威马证券 currently supports a minimum of 0.01 lots of trading, so users can start with smaller contract sizes.

Why is 0.01 hand worth calculating first

The number 0.01 may seem small, but when it actually corresponds to the amount of silver, it represents 50 ounces.

If the price of silver changes by $0.10 per ounce, the corresponding floating amount for 50 ounces is:

0.10 × 50=5 USD

So the number of hands looks small and is not suitable for only looking at the three numbers "0.01".

After replacing it with the actual contract quantity, the position experience will be much more intuitive.

Do I need to pay the full amount for 5000 ounces of silver in one hand

London Bank currently uses margin trading.

According to the current trading rules of Wmax · 威马证券, the margin for London silver trading is $650 per lot, with a minimum of 0.01 lot. According to current standards, a 0.01 lot margin is approximately $6.5. ()

The occupation of margin and the total value of the contract need to be viewed separately.

For example, assuming a silver price of $50 per ounce, the nominal contract value corresponding to 1 lot of 5000 ounces is:

50 × 5000=250000 US dollars

The actual opening of the warehouse shall be carried out in accordance with the margin system at that time.

This also explains why margin trading is more sensitive to price changes.

What changes the most after increasing the number of hands

The most direct change is that the same price fluctuations will bring about greater changes in funds.

0.01 hand corresponds to 50 ounces.

0.1 hand corresponds to 500 ounces.

One hand corresponds to 5000 ounces.

The number of lots has increased by 10 times, and the corresponding floating profit and loss for the same period of silver price changes has also roughly increased by 10 times.

So when choosing the number of trading lots, I suggest asking a question first:

If silver suddenly changes by 0.1 US dollars, how much will my account change?

This number is more intuitive than looking at the minimum margin alone.

Why can't silver and gold feel the same lot size

Wmax · 威马证券 London gold is 100 ounces per lot, and London silver is 5000 ounces per lot. ()

They are all 'one hand', and the contract units behind them are very different.

The trading habits of gold cannot be directly copied to silver.

For example, some people are accustomed to making 0.1 lots of gold, but after switching to silver, they easily enter 0.1 lots without recalculating the contract quantity and price fluctuation amount.

This operating habit can easily make the actual position different from what one imagines.

Every time we change the variety and re-examine the specifications, it doesn't take much time.

Remember the simplest calculation method

The number of silver contracts can be directly calculated as follows:

5000 ounces x number of trading lots

0.01 hand is 50 ounces.

0.1 lot is 500 ounces.

One hand is 5000 ounces.

Next, multiply this quantity by the change in silver prices to quickly estimate the impact of this market on orders.

Risk warning: London silver is traded on margin, and a relatively small margin requirement may still correspond to a large notional contract size. Please determine your trading lots based on your account equity and risk tolerance.

0.01手对应50盎司。

0.1手对应500盎司。

1手对应5000盎司。

手数扩大10倍，同一段白银价格变化对应的浮动盈亏也大致扩大10倍。

所以选择交易手数时，我更建议先问一个问题：

如果白银突然变化0.1美元，我的账户会变化多少？

这个数字比单独看最低保证金更直观。

白银和黄金为什么不能用同一个手数感觉

Wmax · 威马证券伦敦金每手为100盎司，伦敦银每手为5000盎司。()

都是“1手”，背后的合约单位差很多。

黄金交易习惯不能直接照搬到白银。

例如有人平时习惯做0.1手黄金，切换到白银以后也顺手输入0.1手，却没有重新算合约数量和价格波动金额。

这种操作习惯很容易让实际仓位和自己想象的不一样。

每次换品种，重新看一次规格，花不了多少时间。

记住一个最简单的计算方法

白银合约数量可以直接这样算：

5000盎司×交易手数

0.01手就是50盎司。

0.1手就是500盎司。

1手就是5000盎司。

接下来再把这个数量乘以白银价格变化，就能快速估算这段行情对订单产生多大影响。

风险提示：伦敦银采用保证金交易，较小的保证金占用仍可能对应较大的名义合约规模。请根据账户资金和风险承受能力安排交易手数。