First of all hi to everyone, I'm new here...well I was visiting the site from a long time, but I've registered soon
My confusion comes from the spreads ... let me explain: Let's assume we trade EUR/GBP 1.4397/1.4400 ... I buy a lot of 5.000 and my opened position goes automatically
-3.00 (is it normal right?) okay please someone explain me on what price my position will be 0.00 (on 1.4400/03 right?) and finally it will go "green" for making some profit?
I really can't understand it cuz if need a profit of 10 pips I must deduct the 3 pips is this right. Someone who has time I'll really appreciate some detailed explanation
Thanks and regards
And please can someone do the math what is the profit from this trade that I describe () ...because I want to see If I do it right! Thanks again!