Question 1.) So even when its laid out perfectly for me, I feel like a dumb-dumb for not understanding this. If someone is kind enough to break it down for me, or explain like I’m 5, I would really appreciate it.
Question 2.) Another thing-I’m putting money in a live account soon with 100CAD at 50:1 leverage and have been trading demo on the firm’s trading platform. The only thing I don’t get is if I lose lets say -$0.57 on a 1000 pip position in EURUSD market at, lets make up a number, 1.02125 long, I mean I sold it at this rate what is actually going on, how much am I losing in the end? I know there’s a simple calculation somewhere, but I feel like I’m lacking some basic principles.