About day trading forex for dummies
Q: I am prosperous to be 18 in 6 days. I have a practice account with FX Express. I've even bought Currency Trading For Dummies to learn what I miss to know about trading currencies. With my practice account which is like the real aspect, (apart from emotions!),
A: Hi there, happy to hear that you are able to make 10% compounded return on weekly principle. You never try the real thing, you will never know whether it work. Just do it.
I am keen to learn from you how you could do 10% everyday. if you
From side 55 in Currency Trading for Dummies, I broke down the huge formula to:
for long postion:
((x - y)bD)/365
where x = eat one's heart out side interest rate in decimal
y = short side interst
The make an estimate of of your lot does not change the rate but will change the overall amount. i.e. 10% of 100k is half of 10% of 200k. The interest sort that you are using may not be accurate as many brokers will not offer exactly the same...
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