-3pips Loss - Position Auto Closed
Jun 11, 2011 at 14:52
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4 Replies
Jun 11, 2011 at 18:37
Yeah, likely. When you open a position, some of your equity is allocated as 'margin'.
Try smaller lot sizes first. Generally, if you have 1k USD, think twice before you go above 10k USD positions.
But after all, it's your funeral! 😉
Try smaller lot sizes first. Generally, if you have 1k USD, think twice before you go above 10k USD positions.
But after all, it's your funeral! 😉
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Jun 14, 2011 at 22:22
For 1K balance use 0.10 lot size, 1 pip = 1 usd in EURUSD, if you are winning 50 pips is 50 usd,
Depending your leverage a margin requeriment is needed for every open position taken from your balance,
Margin call is hit when you reach the minimun % level margin. Check this with your broker
Better visit babypips
Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
Jun 27, 2011 at 00:53
Palmepip,
saw that your status as inexperience (similar to me). My suggestion:
- open demo account with USD1k or USD5k, trade with lot size 0.01 or use robot and use lot size of 0.01 too
- reason : learn to know the trend, results of action taken, to understand the MT4 system, plan your strategy
- play with one or two pairs first, then you may use others
- reason : different pairs behaves differently. The reversal point need to be studied. Some at 30 pips, some at 50 pips, some at 65 pips etc... study and get the optimum TP eventhough it's not always the case.
I don't really understand the (-28 incurred lost). Perhaps when you open the trade, straightaway they gave you -28. It's maybe due to the spead that the broker used. Let's say they used 3 pips spread. Price is 1.0000 but when trade, it will become 0.9997 which you lost 3 pips x lots size x pair co-efficient instantly. Price need increase to 1.0003 to breakeven.
good luck!
saw that your status as inexperience (similar to me). My suggestion:
- open demo account with USD1k or USD5k, trade with lot size 0.01 or use robot and use lot size of 0.01 too
- reason : learn to know the trend, results of action taken, to understand the MT4 system, plan your strategy
- play with one or two pairs first, then you may use others
- reason : different pairs behaves differently. The reversal point need to be studied. Some at 30 pips, some at 50 pips, some at 65 pips etc... study and get the optimum TP eventhough it's not always the case.
I don't really understand the (-28 incurred lost). Perhaps when you open the trade, straightaway they gave you -28. It's maybe due to the spead that the broker used. Let's say they used 3 pips spread. Price is 1.0000 but when trade, it will become 0.9997 which you lost 3 pips x lots size x pair co-efficient instantly. Price need increase to 1.0003 to breakeven.
good luck!
Hantam la labuuu. Harap rezeki kat FX nih...
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