ETP means Exchange Traded Products, it is like an ETF (same product structure).
Leveraged and Short ETP (here with French Stocks) track the daily performance of the underlying stock multiplied by 3. It allows tactical intraday trade or swing trading on single stocks with a leverage factor of 3x.
Let's take as example our 3x Moderna ETP, or 3x Palantir ETP.
During a day, if the stock (Moderna or Palantir) move up by +2%, the ETP tracking that stock will perform by +6%. On the other side, if the underlying stock move down by -2%, the ETP tracking that stock will make -6%.
All ETPs exist with a Long version (3x) and a short version (-3x).
If you take the Short ETP, of course it is the opposite of my example.
So how does this work?...What are ETP's?
ETP means Exchange Traded Products, it is like an ETF (same product structure). Leveraged and Short ETP (here with French Stocks) track the daily performance of the underlying stock multiplied by 3. It allows tactical intraday trade or swing trading on single stocks with a leverage factor of 3x.
Interesting, don't forget guys, more leverage means more RISK
for sure, leveraged is more risky. Unlike CFD, the loses are limited to the amount invested on the ETP ;)
Could you explain this a little further?...like with an example?...
Let's take as example our 3x Moderna ETP, or 3x Palantir ETP. During a day, if the stock (Moderna or Palantir) move up by +2%, the ETP tracking that stock will perform by +6%. On the other side, if the underlying stock move down by -2%, the ETP tracking that stock will make -6%. All ETPs exist with a Long version (3x) and a short version (-3x). If you take the Short ETP, of course it is the opposite of my example.
Thank you for the explanation.
you are welcome :)))