Plan your stop-loss and take-profit levels before entering. Know the risk/reward ratio and the minimum win rate you need to be profitable.
The P&L above is calculated on price movement alone. Your actual trade profit is lower by the spread β FxPro's typical USD/ZAR spread of ~3 pips means your real entry is 3 pips worse than the quoted price. Subtract spread cost from your take-profit target when planning entries.
cTrader account on FxPro offers tighter raw spreads with a separate commission β worth checking for active traders.
Open FxPro account (FSCA regulated) βEvery tool runs in rand and recalculates as you type. Pick one to jump straight to it.
Size every position to a fixed % risk and stop-loss in pips.
Open βSee the margin a trade locks up at 1:50 to 1:500 leverage.
Open βModel entry, exit and direction to project the rand outcome.
Open βProject account growth from a monthly return over time.
Open βCalculate the overnight fee cost for holding a position past midnight.
Open β