What's the catch with FX club?

[youngbeast777]

I'm thinking of switching over, they say "no spreads" but the commission is .40 per $1,000 lot.... I usually trade 4 lots about 400:1 leverage, I'm awful at math what is the total commission if I buy and sell?? thanks guys

 

[davidmaria1]

Oh boy...........:eek:

 

[youngbeast777]

public school math product...im confused...if I do 400:1 on 4 lots is............

Standard lot size is 100,000 x 400 leverage = 400,000 x 4 lots = 1,600,000 divided by 1,000 x .40 = $640 commission (16 pip spread LMAO)? does this sound right?

 

[cabletrader]

Quote from youngbeast777:


100,000 x 400 leverage = 400,000

Get a (new) calculator/keyboard/brain....

 

[euclid]

What is it that makes people who can't even work a calculator think they can trade forex?

 

[ambienCR]

relax.

FX club will guide him to riches. no need for the heavy math stuff.