I am still trying to understand how profits/losses on trades are calculated because I am not sure about some of the expenses that I am incurring... For example, I was recently charged about A$49 for "Daily FX Interest for 3 day USD/JPY converted at 0.0133" - an someone please explain to me what this means and how it is calculated?
I am new to IG and just want to understand how IG calculates our profits (or losses) on FX trades. For example, on the trade I made yesterday (details below) can someone explain to me how the final A$522.82 is arrived at?
ZeliZeli - good question, I wish I could answer it... By the way, I am new to IG and want to understand how IG calculates our profits or losses on trades. Do you have any example calculations so I can see all the expenses?