Short order

Beginner Questions
1

hi guys,
i went for a short order on EUR/USD as according to what my indicators told me and grabed 46 pips, then having -68 as my profit, which i belive means that i’ve lost $68, beside from what i’ve made to understood from tutorials, that if i go short and grab nice pips that its a good trade as well. please can some one tell me why i did’nt add $68 to my account rather i lose $68. please help me so that i can’t gradually lose my pant

2

for you to go into profit on a short, price has to fall/go down, from your entry point AND past the spread.

A negative balance on your account does mean you are in profit, if you are short… It means price is going up from your entry and you are losing pips/money.

As far as profit, wether you are long or short it still shows + for profit, it does not reverse for shorting/selling a pair.

Short/sell = price goes down from entry you make +pips. Price goes up from entry you lose pips. -pips.

Long/buy= price goes up from entry you make +pips. Price goes down from entry you lose pips. -pips.

Remember you have to beat the spread. so, if there is a 4 pips spread, wether you are long or short you will initially come in -4 pips, because you have to beat the spread before going into profit. If you have a good entry, it will beat the spread quickly and go postive.

3

hmmm… negative pips under ‘Profit’ column implies that the market is against your trade… :frowning:

When you short (sell), like what Phoenix said, the price must go down for you to make profit.

So when you buy, the rate must go up in order for you to make profit. :wink:

Actually Phoenix said it all, :smiley:

4

Thanks for your clearification, i think i"ve seen where i"ve made a mistake. I entered the trade by clicking at the buy button whereas i suppose to click at the sell button, because i"m going for a short order. Thanks phoenix