DislikedHello, let's say I have 2 standard account under same name in a same broker:Ignored
Disliked
Account A with 1000usd (1:500 leverage)
Account B with 1000usd (1:500 leverage)
On friday, from Account A I buy 1 lot EURUSD at 1.3000 without setting Stop Loss and Take Profit,
from Account B, I sell 1 lot EURUSD at 1.3000 without...Ignored
Sorry but am i the only one who literally just doesn't understand how the maths behind this works?? :S lol
Im from UK and so here we make trades at '£ per pip' not at 'lots'.
But so in my understanding this guy wants to-
Buy the market at £10 per pip @ 1.3000
+ at the exact same time
Short-sell the market at £10 per pip @ 1.3000
Then when market reaches 1.2800 he wants to close both trades, losing 200pips on trade A / making 200pips on trade B.
You then have to rememember that he will have to also pay the spread cost of atleast 2-4pips on BOTH trades.
So overall all hes done is break-even by making/losing £2,000 at the exact same time, so earnt £0.
But ontop of that he will of paid the spread cost of atleast 4pips (£40) just for the 'privelledge' of having made those 2 trades.
And so overall hes just lost £40.
I haven't got a clue how that is immoral or stealing.... :S
As either ive totally misunderstood what he means, or it is just plain stupid as all hes doing is paying the broker £40 for nothing.... LOL