Jump to content
  • 0

Mr


YinkaIGDemo

Question

Why is IGMT4 pip values and profit and loss not the same. 

I understand how the calculation is made but not why.  My understanding of FX trading is that since I do not physically own the assets, I cannot understand why my profit and loss the pip values is not the same as REAL actual profit and loss, for example, pip value of +10, account value of +£7.12 for EURUSD TRADE.

I have tried to change this on new MT4 download by choosing fx gbp in the new setup, but the problem persists. 

This is made worse when I looked at the "fees" involved; 12%-13% on margin/spread or 24%-26% roundtrip.  Converting from sterling to USD is about 30% loss.  Therefore I am penalised by about 50% on each Opened and Closed trade.

Yet IG advertises that no commission and low spreads.

I would be grateful for an answer please before I start Live trading.

Link to comment

0 answers to this question

Recommended Posts

There have been no answers to this question yet

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,185
    • Total Posts
      90,715
    • Total Members
      41,298
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    dreamc
    Joined 30/01/23 03:11
  • Posts

    • Texas Instruments Inc.,Elliott Wave Technical Analysis Texas Instruments Inc.,(TXN:NASDAQ): Daily Chart, 30 January 23, TXNStock Market Analysis:Looking for completion of wave 2 after a potential five wave sequence in wave 1 of (3). TXNElliott WaveCount:Wave{b} of2. TXNTechnical Indicators:20EMA assupport. TXNTrading Strategy:Looking for downside in wave {c} to then start looking for longs. TradingLounge Analyst: Alessio Barretta     Texas Instruments Inc., TXN:4-hour Chart, 30 January 23, Texas Instruments Inc.,Elliott Wave Technical AnalysisTXNStock Market Analysis:The move up in wave 1 can also be counted as a three wave move which makes me doubt thecount as a whole.However the potential triangleseems clear for now. TXNElliott Wave count:Wave(e) of{b}. TXNTechnical Indicators:20EMA as resistance. TXNTrading Strategy:You could place shorts on the triangle looking to trade wave {c}.
    • Most Asian stock indices were little changed on Monday following gains in European and US markets last week as investors are refocusing their minds on interest rates with the US Federal Reserve (Fed) expected to hike its rates by 25 basis points and the European Central Bank (ECB) and Bank of England (BoE) by 50 basis points this week. Major global stock indices are expected to end January higher amid slowing inflation, weakening economic data and mixed corporate earnings in the US which point towards a slower pace of central bank policy tightening. After slow start with German preliminary GDP and Spanish CPI data on Monday, US corporate giants such as Apple, Alphabet, Amazon, Meta Platforms and Exxon Mobil are expected to report earnings later this week.  
    • You're not like everyone else – so your investment strategy shouldn't be, either. Commit to being the best investor you can be and learn how to build your own tailored investment plan.    IG Academy - Get started
×
×
  • Create New...