July 4th 2008 forex trading report card
Here’s my latest report card from my demo forex trading account. I have brought my account on the plus side of the initial deposit. Of course this is not real money so there’s no real benefit to me other than that of being able to say that I am learning as I go along. I am still seriously leaning towards trading with real money in a few weeks. Of course I’ll be going against the advise of all the experts. They don’t think poor people and people who are strapped for cash should trade forex; but I suspect that’s because these people would usually dip into the little money they have to fund their accounts. I did almost sign up for a real account and had intended to fund the account using my credit card; however I did not go through with that plan. I can see that it is a foolish plan. I will have to find the money to fund the account without dipping into household funds or using credit cards.
Beginning Balance | 49,766.77 | |
Comm | Trading Commission | 0.00 |
Rollover | Rollover Fee | 0.00 |
PnL | Profit/Loss of Trade | 417.74 |
Depos | Deposit | 0.00 |
Withd | Withdrawal | 0.00 |
Option | Options Payout | 0.00 |
Comm | Options Commission | 0.00 |
WithdFee | Withdrawal Fee | 0.00 |
MngFee | Management Fee | 0.00 |
PerfFee | Performance Fee | 0.00 |
Void | Deposit Rollback | 0.00 |
ASPComm | ASP Commission | 0.00 |
MargInterest | Interest on Usable Margin | 0.00 |
Ending Balance | 50,184.51 | |
Floating P/L | 0.00 | |
Equity | 50,184.51 | |
Necessary Margin | 0.00 | |
Usable Margin | 50,184.51 |
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