Let’s imagine that the next evening 18 October at 20:00 GBP fell in valueand we closed Position at 1.5703 and earned 126 pips. Our Profit is 126$ = (Sell Price- buy Price)* trading Volume = (1.5829-1.5703)* 10 000. Our balance on our forex trading account became 426$ =300$+126.
Now we have 426$ USD it is mean that we can operate with volume of 42 600 USD. For our next forex trade we will open 0.2 lots of GBPUSD!
Second Forex trading position:
After we close First position, we bought 0.2 GBPUSD at 1.5703 and sold it next day 16:00 at 1.5830 and earn 127 pip or 254$. Our balance became 680$.
Third Forex trading position:
After we closed our second deal, we can open another 0.3 lots. The margin will be 474.9$ and with our balance of 680$ we can afford it. We sold 0.3 lot GBPUSD at 1.5830 and again closed this position at 1.5703 which is 127 pip and 381$.
At this point our balance is already 1061 USD!
Forth Forex trading position:
Together with closing our sell position we can buy 0.7 lots of GBPUSD at 1.5703 and we held it till the end of the week. The price is 1.5950. Which is 247