Instrument Data | Fin Studio

FinStudio provides "Instrument Data" module that encapsulates all necessary details about a specific financial instrument. This module is designed to furnish traders and analysts with essential information that aids in making informed trading decisions and understanding the specifics of each instrument.

Instrument Data Overview

Here's a breakdown of each field within the Instrument Data module and its significance:

Name: The official name of the financial instrument, which may include abbreviations or symbols commonly used in trading platforms.
Description: A brief description of the instrument, which may include its characteristics and any relevant financial information that distinguishes it from other instruments.
Exchange: The primary exchange where the instrument is traded, which can be crucial for understanding the market's rules and timings that affect trading.
Point Size: The minimum price increment of the instrument, which is essential for calculating price movements and trading strategies.
Precision: The number of decimal places to which the price of the instrument can be quoted, indicating the smallest price movement possible.
Point Value (for 1 standard Forex lot): The monetary value of one point movement in the price of the instrument when trading a standard lot size in Forex.
Point Value Currency: The currency in which the point value is denominated, which is important for currency conversion and understanding the financial implications of price movements.
Tick Size: The smallest possible price change at which the instrument can be traded on the exchange.
Tick Size in Points: This measures how many points are in one tick, providing a conversion that helps traders understand price changes in terms of the instrument's point system.
Tick Value (for 1 standard Forex lot): The value of one tick movement when trading a standard lot, which is crucial for managing risk and calculating potential profits or losses.
Swap Short: The interest paid or received for holding a short position overnight, which affects the cost of trading and investment strategies.
Swap Long: The interest paid or received for holding a long position overnight, similar in importance to Swap Short.
Swap Currency: The currency in which the swap rates are denominated.
Min Order Quantity: The minimum quantity that can be traded for the instrument, which is essential for order entry and strategy planning.
Max Order Quantity: The maximum quantity that can be traded for the instrument, ensuring compliance with market or broker-imposed trading limits.
Min "Limit" Order Distance: The minimum distance from the current price at which a limit order can be placed, important for order execution and slippage control.
Min "Market if Touched" Order Distance: The minimum distance from the current price at which a market-if-touched order can be activated, useful for traders employing this order type to manage entry points.
Min "Stop Limit" Order Distance: The minimum distance for placing stop-limit orders from the current price, vital for risk management and protecting profits.
Min "Stop" Order Distance: The minimum distance from the current price for placing stop-loss orders, critical for limiting potential losses in volatile markets.