Note also that many brokers put a slight premium on the forward that you don't always see directly. That difference translates to negative P/L when opening.
Note also that many brokers put a slight premium on the forward that you don't always see directly. That difference translates to negative P/L when opening.
Remember that forwards are OTC contracts and each platform manages them differently. Do not expect to find exact parity with the spot.
The difference may be in the forward points adjustment. If the platform doesn't detail it, it looks like the forward is worse than it is.
You're on demo and you're already messing with forwards?
What you see is completely normal. The forward carries implied an expectation of future value and a rate. It is not the same as spot + time.
Another thing: did you check if there is any commission embedded in the forward? Some brokers put it in the price.
I'd tell you to do a reverse simulation: calculate what implicit rates would justify that difference of -33 USD. You'll see that everything fits.
A forward is nothing more than an instrument to cover future risk. Don’t expect it to have the same P/L logic as an instant spot operation.
The theory is clear: forward = spot + points. If those points are adjusted for something (costs, margins, different rates
Why don't you talk to the broker stand?
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