Here’s the latest report card on how I’m doing trading forex. I have figured out that although I’ve been making a profit with my trades, if this were a live account I’d be registering a loss rather than a profit because I am trading to bring my account balance back to the amount of my initial deposit after some bad trades in the beginning dropped my balance below the starting $50,000 in play money. So I’ll be needing to watch out for that once I start trading for real.
|PnL||Profit/Loss of Trade||-366.37|
|MargInterest||Interest on Usable Margin||0.00|
What I need to do now is research the following as related to forex trading:
- Usable margin
- Necessary margin
- Floating P/L