Bloomberg reports that the Bitcoin rocket is launching, they speculate that the price is going to the moon!
You have 1 BTC available to place a trade and open a Long Position with 5:1 Leverage. The price you open a position at is US$545, the price rises immediately to US$600 where you close the position.
- Position Size: 4.09 BTC
- Deposit Required: 4.09 x (1+0.15) / 5 = 0.94 BTC
- Position Profit = 4.09 - ( ( 545 x 4.09 ) / 600 ) = 0.375 BTC
Daily Funding = 0 BTC (free for day trades)
Open/Close Fee = 0.0204 BTC (x2)
Overal Profit = 0.334 BTC*
* based on the following assumptions:
- Volatility Multiplier of 15%
- Trade Fee of 0.5% (Open Fee, Close Fee)
For further information on Profit/Loss Calculation, click the link below -