Have I got the maths/theory right?

Philippo

Newbie
4 0
I originally posted under new to training but belongs here I believe - and I am one for keeping things tidy.
Keen on exploring CFD's and wondered if anyone could comment on an example of a trade:
Is the example below representative of what profit can be achieved - or am I in cloud cuckoo land :)

CFD Trade - RIO
Entry 20 Nov SP 2875
Long position - exposure £9976.25
Outlay £997.63

Exit 21 Nov SP 3019
SP increase 5%
Profit £498.81
Less entry & exit £100
Overnight finance £0.95
Nett profit £397.86

Any advice appreciated!
Thanks

Phil
 
 
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