ElaineMDG
Corporal
- Messages
- 119
I'm only Demo trading right now-I've only been studying Fx now for a month or so, and being this is all new to me; I'm not putting ANY real capital in until I know EXACTLY what I'm doing.
I've actually been doing really good, although last week I had my first 3 losing trades; I started keeping a "journal" and am trying to avoid the "trade because I feel I *should*"-impulsive trades, (which is hard for this "older" lady with a VERY ADD brain! , and the "revenge trades" I made in response to my first losing trade.
I tend to jump into things with both feet-and 10 fingers! Having spent 30 years in the medical field, research, and after my accident, I tried several other routes, (from counseling to website development-and even 1 stint working at an Oil research and discovery company!), before my health made things impossible-and I became house-bound. I'm REALLY loving learning all this new stuff, and can't thank the proprietors here at FPA enough for this website-especially the review and scam sections! While it can certainly get overwhelming at times;perhaps because it's so completely different from anything else I've done, combined with the opportunity it gives someone like myself-but I'm HOOKED!! (And loving every second!)
Anyways, to my question: I made a Long trade on EURUSD last week, profited, but had $23.40 deducted for "swap". I'm going to TRY & attach a jpg that shows the trade. The other 4 intraday trades I made last week (3 losses, 1 win) also incurred swap charges of $5.80-$8.80.
I don't understand exactly where this is coming from, or how I could average it in when doing risk-reward?
Thanks in advance for any assistance!
elaine
PS This is a Demo account on MT4 through PipIndex (I took a VERY basic trading course back in January & this was the acct assigned to me. Unfortunately, we really didn't start doing the Demos until the end and they don't provide ongoing support-UNLESS you purchase their more expensive, advanced course. I'm getting ready to start a demo acct with the broker I'll be using)
I've actually been doing really good, although last week I had my first 3 losing trades; I started keeping a "journal" and am trying to avoid the "trade because I feel I *should*"-impulsive trades, (which is hard for this "older" lady with a VERY ADD brain! , and the "revenge trades" I made in response to my first losing trade.
I tend to jump into things with both feet-and 10 fingers! Having spent 30 years in the medical field, research, and after my accident, I tried several other routes, (from counseling to website development-and even 1 stint working at an Oil research and discovery company!), before my health made things impossible-and I became house-bound. I'm REALLY loving learning all this new stuff, and can't thank the proprietors here at FPA enough for this website-especially the review and scam sections! While it can certainly get overwhelming at times;perhaps because it's so completely different from anything else I've done, combined with the opportunity it gives someone like myself-but I'm HOOKED!! (And loving every second!)
Anyways, to my question: I made a Long trade on EURUSD last week, profited, but had $23.40 deducted for "swap". I'm going to TRY & attach a jpg that shows the trade. The other 4 intraday trades I made last week (3 losses, 1 win) also incurred swap charges of $5.80-$8.80.
I don't understand exactly where this is coming from, or how I could average it in when doing risk-reward?
Thanks in advance for any assistance!
elaine
PS This is a Demo account on MT4 through PipIndex (I took a VERY basic trading course back in January & this was the acct assigned to me. Unfortunately, we really didn't start doing the Demos until the end and they don't provide ongoing support-UNLESS you purchase their more expensive, advanced course. I'm getting ready to start a demo acct with the broker I'll be using)