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Originally Posted by Moneys
Hi guys,
First of all thanx to everyone on the board for sharing, its realy a great learning tool for a newb to Forex.
I have a question about leverage. When you make a successful or unsuccessful trade how do you know how much real money you have made or loss?
Im currently using the Oanda forex demo and maybe someone else using it knows where that is indicated after each trade.
-Moneys
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Hiya Moneys,
There should be a P/L indicator near your account amount or value. This is in a DOLLAR value. This is your PRofit and Loss indicator and tells you how much you have made or lost on the current trades done so far. This is what you would actually ADD or LOSE from your account in REAL money (not on the leverage). If your P/L indicator tells you that you are +$204.00 you are UP $204.00 (your profit) and that is what REAL money you can expect to see added to your account. If it says you are -$168.00 then you can expect that, if you close out your trade, that $168.00 will be REAL money that is deducted (or lost) from your account trading balance.
I have not used Oanda in a while and understand they have changed up their platform some, but this should be a feature that still is there. Also--if I recall, it was resettable, so you could track your progress in the P/L's for your trading sessions fresh...
-w
Question about leverage
