Trading with I-Trade24

Trading with I-Trade24, one of the world’s best CFD forex brokers, is straightforward and contains no hidden fees.

Buy and Sell prices of all the instruments available are helpfully displayed on the main content page of the I-Trade24 online trading platform. When entering an order to Buy, our powerful trading platform enables you to add a Stop Loss or Profit Limit to protect your risk exposure.

Trading example

You signed up and deposited 17,000 USD via credit card.

  • Equity: $17,000. (Deposits – Withdraws + P&L of opened positions).
  • P&L = $0. (Total profit and loss of all open positions including daily Premiums).
  • Available Balance: 17,000 USD (Balance + P&L of open positions – Initial Margins).

You decide that Google shares are likely to fall soon and go ‘Short’ (sell) on Google. 7:17pm – you click ‘Sell’ beside the ‘Google ‘ stock in the main trading lobby page; the sell price is $100.

Your criteria are:

  • Number of Shares (CFDs): 2,000.
  • Close at profit rate: $90 (profit will be 2,000*$10 = $20,000).
  • Close at loss rate: $105 (loss will be 2,000*$5 = $10,000).
  • The total amount you sold short are: 2,000*$100 = $200,000.
  • The Initial Margin that is needed for the Google shares is 5%: $10,000.
  • The Maintenance Margin that is needed to maintain Google’s position is 2.5%: $5,000.

Your position is now:

  • P&L = 0 (usually the spread of Google is 1 USD, so you would have a P&L of -$2,000).
  • Available Balance after you sold Google is: $7,000 ($17,000 – 5%*$200,000 = $7,000).
  • ‘Equity’: $17,000 ($17,000 + $0).

8:03pm – Google climbs to $103.

  • P&L: -$6,000 (2,000*$100 – 2,000*$103).
  • Available Balance: $1,000 ($17,000 – 5%*$200,000 – $6,000 = $1,000).
  • Equity: $11,000 ($17,000 – $6,000).

You decide to cut your losses and buy Google.

8:03pm – your market buy executes at $103. You lost $6,000 on the trade.

  • Equity: $11,000.
  • P&L: 0 (no open positions).

Available Balance: $11,000.

 
 
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