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lbst
KonstantinFX Aggressive Live- One Million Dollar Account
in
Trading Systems
Mar 14, 2015 at 14:09
Hi,looks like the account was blown up shorting dax futures? I've been following this account for a while, it's very disheartening to see this happen.lbst
LOST $14 k for 0.01 USDCHF LOT SIZE .Please help !
in
Experienced Traders
Feb 26, 2015 at 07:57
I went over my calculations and I have a good degree of confidence the 14k loss would be correct under such circumstances. I still hope the OP got reimbursed for such a horrible quote from the broker that obviously wasn't right.To reiterate, this formula is from a mainstream broker. Let's consider a long.PL = (Closing Price - Opening Price) * (closing quote/home currency) * UnitsIn this case (quote/home currency) is the CHFUSD rate. Closing at USDCHF 0.06460, the CHFUSD rate is 1/0.06460 = 15.47988.Units is 1000 for 0.01 currency CFDs.(0.06460 - 1.00211) * (1/0.06460) * 1000 = -14512.5...
LOST $14 k for 0.01 USDCHF LOT SIZE .Please help !
in
Experienced Traders
Feb 03, 2015 at 08:18
For me this is a work in progress, so don't take my word for granted and double check with your broker.I think we need a more 'openness' on how FX trades PL is calculated.Yes we know that currencies move very little, but how can we trade without considering tail risks?
LOST $14 k for 0.01 USDCHF LOT SIZE .Please help !
in
Experienced Traders
Feb 03, 2015 at 08:18
It appears so.
LOST $14 k for 0.01 USDCHF LOT SIZE .Please help !
in
Experienced Traders
Jan 24, 2015 at 18:13
Assuming this is CFD trade and not a real foreign exchange trade - I find the fact that your calculation is the same as the loss disturbing.In a CFD, you are credited (or debited) the difference between the value of the contract at open and the value at close or offset. The underlying provides the price to calculate the value of the CFD. The OP does not lose CHF. Let me explain my understanding and please argue this if you find fault. Let's leave pips and bid/ask spread to simplify this.The OP buys 1000 units or 0.01 CFD contracts of an underlying instrument (USDCHF) at 1.00211 per unit. 1...
Forex Contest OctaFX
in
Contests
Jun 14, 2014 at 13:59
Hi all, Wishing all best of luck!!bruzo
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