Strange Trade, Can someone explain?

Beginner Questions
1

Hello
I attached a picture that shows the situation.
A sell order was opened in 07.01 (blue line in the image), the price went up then retraced back and even down the sell open line in 08.01 after just one day.

Can someone explain to me why the profit is -12 and not zero for example?

fxopen2.jpg700×403 54.8 KB

Thanks

2

Which pair is this? it’s the spread i think

3

could be your swap…

4

My eyes are struggling to make out the pair but if it is, as I think it is, the GBP/SGD then I am suprised the spread is that low!

5

Hello
It’s gbpsgd, and yes it’s the spread, the spread is 20 pips for this pair which is too high and I didn’t notice this before.
Thanks for everyone

7

Try to trade pairs with lower spread. If trade took your stop loss then your loss won’t bigger.