- Search Forex Factory
- 57 Results (56 Replies , 1 Comment )
- TheChef replied Dec 23, 2013
Hi capitalfm, Unless your leverage has somehow unknowingly switched from 300:1 (margin of E33.33 for 0.1 lots of EUR/USD) --- to 200:1 (E50.00 for 0.1 lots of EUR/USD -- maybe you need to take a look at calculating the exchange rate for other pairs ...
- TheChef replied Dec 22, 2013
Well, It's official: first margin calls and multiple stop outs on my first live account. I got my ass handed to me this last month -- wiping out three months worth of successful trading profits and 60% of my initial capital. Didn't someone just ...
- TheChef replied Dec 2, 2013
Thank you for your advice, I will take it into consideration. Perhaps by choosing the word "conceive" I used the wrong vocabulary, does "comprehend" make more sense? What I was trying to express was my lack of understanding/explanation for why the ...
- TheChef replied Nov 29, 2013
What was the spread at the time? My guess is 2.4 pips.
- TheChef replied Nov 28, 2013
Just FYI -- Canadian banks are still exchanging currency during the "New York session" on American thanksgiving.
- TheChef replied Nov 27, 2013
thanks Slim, that's going to come in handy.
- TheChef replied Nov 27, 2013
That's a good rule of thumb I guess, but what about the poor undercapitalized S.O.B. who just received a margin call and is trying to figure out EXACTLY what his/her risk per trade will be? remember that 0.01 lots is not $1000 -- it is 1000 UNITS of ...
- TheChef replied Nov 27, 2013
Actually, I think it depends on the quote price of the pair you are trading. For instance for my USD acct: at 100:1 leverage to buy 0.01 lots (as of the time of this post) the margin required is... EUR/USD -- $13.57 (bid price 1.35750) GBP/USD -- ...
- TheChef replied Nov 27, 2013
Is it possible your demo account is funded in USD? that would make each standard lot = $1.00 USD per pip, not 1.00Euro -- so your 12 pips = 1.20USD. Current exchange rate is +/- EUR/USD 1.356 Making your +12 pips worth 0.88euro after the theoretical ...
- TheChef replied Nov 27, 2013
Is there any function on MT4 that will display the required margin for an individual position or do I just have to do the math?
- TheChef replied Nov 26, 2013
Break even -- moving your stop loss order to your entry point +/- spread
- TheChef replied Nov 25, 2013
Same. Scaling in from 1.7070 (with tight SL). Looking to cover some underwater trades circa 1.6750 @ 1.689 and reevaluate entries from there. Friday's shakeout didn't shake me out, but I'm a lot less focused on 1.645. edit: 1.7060 SO @ BE. in again ...
- TheChef replied Nov 21, 2013
For sure, I was just having a laugh at the irony and blowing off some steam, perhaps I should actually make a contribution: I'm a rookie, and this is a rookie thread after all. My first motivation for learning to trade forex was to get any extra ...
- TheChef replied Nov 21, 2013
LOL the entire FF rookie forum quiet for 24 + hours. Are we all watching our balance creeping toward margin? Look at the title of this thread -- OP hasn't been online since 2006 LMFAO wtf happened with the GBP today? My S getting crushed! ...
- TheChef replied Nov 21, 2013
Wow, did CAD ever get beat up today.... Big sell off on all commodity dollars? Good (great) CBI industrial order expectations print for GBP? -- 100 pips on USD... 150 CAD
- TheChef replied Nov 20, 2013
^^^ still hanging in there? -- check out Daily... pending S @ 1.7325. I can see price getting back to two week MA around 1.7085/.7100
- TheChef replied Nov 20, 2013
I'm there too. S 135.5 earlier today, back in again at 134.5
- TheChef replied Nov 20, 2013
Set SL at BE+ and let it ride to your target. Start deciding where you will reenter if you get stopped out.
- TheChef replied Nov 20, 2013
"the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens."