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Question: Forex trading question?

(Posted by: RRG on 2010-03-06 04:03:10)

Im new to forex kind of ive been playing around with a virtual account i think i have a good idea of what it does.. ive traded stocks and futures for 4 years now so im not new to trading. But i dont want to jump in with alot of money so im gonna open an account with etoro with $50... i want to take risk and make good profits .. im 90 % sure as you all are probably the Eur/ USD is gonna go up next week.. if i use 400:1 leverage and use 25$ in one trade and it goes from 1.36 to 1.37 how much money would i make?? btw my stradegy is simple use stop loss orders and take profit orders .. just like in stocks that way i can limit my loses and lock in profits..

Posted by: ruidan on 2010-03-06, 05:12:47

Hi! With that leverage (400:1) and with 25$ you are able to open a small position (7000 units) (25x400/ 1.36). So, if you don't exceed your margin, you will make 7000x0.01$= 70$

Posted by: ☼▒░☆ ĠЯ££K ☆▒░☼ on 2010-03-07, 18:32:26

Euro will crash next week.