Question

if you start with $100 with trading and make 4% a day. taking 5 trades a day. what would your profit look like in 30 days? also factor in broker takes 26% fees every trade.

Answer 1

To calculate the profit after 30 days with 4% daily return and 26% broker fees, use the steps provided.

Step-by-step explanation:

To calculate the profit after 30 days, we need to consider the profit earned each day and the fees charged by the broker. Here are the steps to calculate the profit:

1. Calculate the profit earned each day using the formula:

Profit = (Initial Investment * Daily Return Rate) - (Initial Investment * Daily Return Rate * Broker Fee)

1. Calculate the total profit after 30 days by multiplying the daily profit by the number of trades:

Total Profit = Profit per Day * Number of Trades * 30

1. Calculate the final profit by subtracting the total fees charged by the broker:

Final Profit = Total Profit - (Total Profit * Broker Fee)