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Cash back?

Discussion in 'Forex Beginner Q&A' started by JonD, Nov 29, 2009.

  1. JonD

    JonD New Member

    Joined:
    Nov 29, 2009
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    Hi!

    Newbie to trading, so just starting to figure out this trading jungle. I signed up with two brokers, Alpari and FXCM. Later I found this site:
    forexcashback.info

    It looks like this would save me some $100s a month.

    Anyone had experience with this before?

    Thanks!

    Jon
     
  2. KajolThappar

    KajolThappar New Member

    Joined:
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    Occupation:
    Forex Trader
    Location:
    NY
    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.
     
  3. Fxtrader88

    Fxtrader88 New Member

    Joined:
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    Gender:
    Male
    Location:
    Latvia
    Just be careful with Alpari, after Alpari UK was a bankrupt in Februaru, it's hardly may be trusted.
     

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