In Forex trading market what are your earnings,how you get them back and when?
I’m in the process of studying,learning and understanding the Forex trading market.I’ve been watching two three pairs of currencies every day for the last 3-4 years and been into currency gaming in the past but not personaly.I just had the capital,somebody else was investing and had a small profit.
I wanna do it myself now and already training on metatrader 4 platform.
But some questions come along while other questions resolving.
My home currency is Euro.
Now i’m training with trial account but when i’ll make a live account my capital(margin) will be 30.000 with leverage 100:1,meaning 3.000.000 .
First question:
I sell 10 lots,1million(10.000 of my capital), on EUR/GBP at :
sell 0,90133/ buy 0,90158 and close it later at 0,89615/0,89630…
This means the first 1.000.000 will now be 1.005.612..meaning i made 5.612euro on this trade.
The question is ….are these 5.612euro my profit,my money?
On metatrader platform in the place where the margin is and it wrote 30.000 ,now it will say 35.612..
So its my clear profit right?
If no,then what will my profit be in lets say the specific trade?
If yes ,then how do i get those money(the profit) in cash? (from where and when?)
Thanks for the patience to read all this.
I dont need robots,no A.I. for now ,so please if u can answer my question,i will appreciate it …if not and just advertise,dont bother.
Popularity: 2% [?]
Related posts:
- Do you have some advices for trading at Forex Market (Fx) ? Hello. I have a little experience trading Forex but last...
- Forex Trading Market – An Overview The Forex trading market is an incredible opportunity to earn...
- Stay On Top of Forex Market Action With eToro eToro, provider of the forex platform made popular thanks to...
- Ways of Trading & Earning Profits in Forex Market As a forex trader, to keep an eye on profit...
- Forex Trading For Beginners – First Get Trained! You already know that Forex trading (also known as currency...
This entry was posted on Thursday, March 11th, 2010 at 8:26 pm and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
b2fnow March 11th, 2010 at 9:38 pm
You are making this much too difficult.
Certainly it is possble to trade at 100:1 margin or even 200:1, but that is insane. Margin can work against you as easily as for you, and you could end up owing more than you have in an hour.
Concentrate on risk, not profit. Manage risk properly, and you will stay in the gam long enough to learn the ropes and make money. Start out small.
You will be opening a Standard account, not a mini account. You should trade no more than one standard lot to begin, and increase your lot size only if you make money.
Trading one EUR/USD standard lot your profit or loss will be $12.50 per point move in the pair (in US dollars). It will be $6.25 per point for the GBP/USD. If you trade 2 lots, those amounts will double.