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Monday, March 23, 2009

Forex Examples

Trading forex with City Credit Capital has been made simple and fast using our proprietary technology CCC Trader. Review the examples below to see how easy it is for yourself.
Opening a position
You decide to go long dollar against the yen. Our quote is 104.97/105.02. You buy one contract (equivalent of $100,000) at 105.02. To open this position, you just need to supply a deposit of $1000 (1% of $100,000).


Calculating profilts
Buy 1 contract at 105.02 (¥10,502,000)

Sell 1 contract at 106.85 (¥10,685,000)

Total Profit (profit plus interest)1712.68+(.70x3)

Return On Capital 85.7%

*Subject to variation

1% margin required ($1,000*)

¥183,000/106.85 = $1,712.68

Total Profit = $1,714.78

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