I am new to share trading but I have been trading options with a full service broker for the last 6 months.My next plan of trading is as follows ( I am also learning to trade cfds and indicies)
If I buy say 3000 zinifex at 20.00 per share for total cost of $ 60.000 + brokege
share goes up by 40 cents = profit of $ 1200 + brokege
IS THIS RIGHT IN A PERFECT WORLD OR IS THERE SOMETHING I AM MISSING.
Also my broker will charge me 1% is this on my profit or on my initial investment. I am trying to see if this will be a profitable practice
I appreaciate for the help