Is this the correct way to understand what i have just done
So im quite knew to Investment and Trading and have discovered some applications to start off with...1 of which is Trading212. I decided for obvious reasons to start of with a training account
If im thinking correctly from the screenshot i bought 5000 shares of Microsoft for an avg price of 3.09??
but when i sold them all i made a profit of 37.65 is this the correct logical thinking. because it doesn't make sense ..surely the total price 5k*the price is the amount of money put in ...right
?
And of course with more practise do you think i should turn to real trading
I also used Libertex and have made many successful trades on there as well (training account)...just not sure if i'm ready to make the jump yet.
And yes i heard Libertex has bad reviews that's why i'm trying to get my head around trading.
thanks for any help
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The screen shows a conversion of currency.
Consider this: 5000x(155.27 close - 153.09 ave price) = 10900 dollars gain
10900/8737.85 = 1.25 dollars per pound conversion rate
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