How did i do that?

Beginner Questions
1

Wassap pips pipkat back in the house

But I have a problem I just got the oanda platform and was just messing around with it too see if its user friendly for newbie pipkat.

So I I bought the euro dollar (10 000 units) without thinking that all the headlines of the euro would create some price movements ; then I drew afew terrible support and resistance lines (befor finding out the pair was ranging and the 4th of july story) and accidentally bought at market .

After a few minutes I start thinking to myself “why did I buy that pair again”

So cancelled the stop losses, trailing stop losses and closed the position

Bt what do u know my balance sheet grew by 0.22 usd.

I checked the closing prices and their same as when I bought.

Can anyone explain how this is possible.

Pipkat would appreciate it

2

If you said you bought 1,000 units then I would say the profit you have is equal to the spread. But since you bought 10,000 units ($1.00 per pip providing you are talking of a standard account) then your spread would have to be 0.22pips.

If your trading a mini account, then a spread of 2.2 pips could be your answer, rather high though for EU?

3

Sorry I’m taking so long to respond I’m actually back in the school of pisology trying to finish of the last few pages…bt it seems I’m more lost than ever

Bt I’ve decided to complete the school of pisology and only than start using the platform again (is this a wise move?)

Thanks for the response bt I still don’t really grasp how it happened

Pipkat
Apprecites it