UPDATE: It doesn't look like I'm going to win the contract that expires at 7 pm tonight and at this point it looks like I'm going to take a full hit of $48.50!
I wasn't paying attention to the trade the entire time so I don't know if I could have exited the trade with less of a loss because at this point I can't close the trade anymore, I suspect they lock you in one hour before closing.
View attachment 18144
Here is another example of a trade today I took after losing the first one above, once again I longed (buy) the USD/JPY but this time I took two contracts out with a risk of $90.00 (cost of each contract $45.00) and a pay out of $110.00 (each contract worth $100.00 at expiration).
In this example you can see that I'm in the red and the contracts are losing money.
But in this example of the same two contracts look what happens to the value of them when price moves above the target price. Notice also they aren't set to expire for another 2 hours and 34m.
In either case I could have closed these contracts early and either lost the amount showing or profited the amount showing.