eToro – Forex Trading Forum

[archampion]

Hi there,

I want to ask everyone somethings.

Do you all making profits?

Currently I trying out the practice account. I made a trade with $100. I set the take profit parameter.

In the end, the trade reached the take profit. Lets say the take profit is $10.

Then I made $10 profit of $100 ?? which mean I would get $110? or I just get $10??

which also means that I made a loss of $90??

this is what I see in this eToro program or software. Cannot be this way right?

What will happen if I start to play real money?

if I open a trade with $100, and after I close with profit. Lets say profit is $15. Then will the account balance be added $113 (minus off the spread of $2) or just add the $15 into the account balance?

This is what happen in the demo account I playing now.

What will happen if I want to withdraw the all money out.

Example, my account balance is $500. I use $100 to open a trade. I made $18 profit due to spread of $2. But in the end the account balance will show $418 and not $518. So if I withdraw all money out, I will be withdrawing $418 or $518.

If is $418, I am making a loss of $100. By right, I should be taking back the $100 right.

This does not happen to other forex software that I encounter.

Anyone can answer me. Thanks.

[lade1105]

Damn man, you are thinking like it's ultra high mathematics or something.. :D The point is... let's say you have 500$ in your account. You decided to buy/sell currency with 100$ at 100x leverage. Let's say you very smart, ta ta ta... :D , you earned 25% profit, that means 25$ (your 100$ now are worth 125$). You happy and you decide to close your position. You close it and earn 23$ (2$ spread). Your balance now is 523$. Keep it simple, MONEY EARNS MONEY.

Good luck with your trading,
LAD3