Forex Trading Corner V2
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 Feb 28 2008, 10:12 PM
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#1
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Junior Member
65 posts Joined: Sep 2007 From: Penang 
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Hi all sifu here...
i listened to ur advice and read thru babypips.com.. and now playing on the fx practise version... as suggested by them.. i have a question... which is regarding the interest... how does it apply ? issit if i leave it there overnite.. they will charge the interest on the total amount? thanks in advance... |
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Feb 29 2008, 12:33 AM
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#2
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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no one care to answer me ar? sad..
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Feb 29 2008, 12:43 AM
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#3
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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QUOTE(low yat 82 @ Feb 29 2008, 12:37 AM) u mean rollover? actually all this info is at ur broker's website... jus that u lazy go search ermm... i just dun understand where it applies...  anyway, i also not too usre i think d interesdt will charge on d total amount traded... they did mention that will charge.. but doesnt gif example.. like ermm.. if 20 lots.. = $200000.. margin required is only maybe $4k.. so the service charge will be on $200000 ? or on $4k.. huge difference.. |
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Feb 29 2008, 12:56 AM
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#4
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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QUOTE(woopypooky @ Feb 29 2008, 12:52 AM) i think like this lar. phew.... so its 1%of 1000 and not of 100000..lets say your own money is 1000, after leverage is 100,000 then let say they charge interest 1%, (god know how many days) so mean you got deducted 10 from your actual money or 1000 from your leveraged omoney. Thanks woopypooky..  |
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Feb 29 2008, 01:23 AM
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#5
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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QUOTE(woopypooky @ Feb 29 2008, 01:03 AM) eh i think again, it might be the other way round. 1% deducted from your leveraged 100,000 means u got deducted 1000 from your account. huhuhu wah.Scary. Might be more than the profit. anyway.. thanks again.. |
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