I originally posted under new to training but belongs here I believe - and I am one for keeping things tidy.
Keen on exploring CFD's and wondered if anyone could comment on an example of a trade:
Is the example below representative of what profit can be achieved - or am I in cloud cuckoo land
CFD Trade - RIO
Entry 20 Nov SP 2875
Long position - exposure £9976.25
Outlay £997.63
Exit 21 Nov SP 3019
SP increase 5%
Profit £498.81
Less entry & exit £100
Overnight finance £0.95
Nett profit £397.86
Any advice appreciated!
Thanks
Phil
Keen on exploring CFD's and wondered if anyone could comment on an example of a trade:
Is the example below representative of what profit can be achieved - or am I in cloud cuckoo land
CFD Trade - RIO
Entry 20 Nov SP 2875
Long position - exposure £9976.25
Outlay £997.63
Exit 21 Nov SP 3019
SP increase 5%
Profit £498.81
Less entry & exit £100
Overnight finance £0.95
Nett profit £397.86
Any advice appreciated!
Thanks
Phil
