How to start this...?
After 3 years forex experience I finally became aware on how important MM & the ability to take mor then 3 trades at the same time is.
I have an 300$ Mini-Account (0.1 Lots) on FXPro w/ a Leverage of 1:100
One trage takes ~100$ Margin. So I can 2 trades at the same time.
What do I have to change, to be more stable?
Option 1:
Trade Micro-Lots (0.01). Dont know if it is possible w/ FXPro - gotta check that if I'm at home. If anybody knows that, please post.
Option 2:
Change Leverage. As I understand it, w/ a high Lev. i can have more trades at the same time but will get Mergin Call very often. A smaller Lev.: visa verse. It's a two-bladed knife ...
Option 3:
But more cash into the account ...
And another question:
With my settings (1:100 Lev - 0.1 Lots) 1 Pip is 1$
If i change my Lev to 1:10 is 1 Pip = 1/10$ = 10c ? Is it the same as a Micro-Account w/ 0.01 Lots? How does a 1:10 Lev. affect my Margin?
Thx for reading and an extra thx for answering
Greetings,
Ray
After 3 years forex experience I finally became aware on how important MM & the ability to take mor then 3 trades at the same time is.
I have an 300$ Mini-Account (0.1 Lots) on FXPro w/ a Leverage of 1:100
One trage takes ~100$ Margin. So I can 2 trades at the same time.
What do I have to change, to be more stable?
Option 1:
Trade Micro-Lots (0.01). Dont know if it is possible w/ FXPro - gotta check that if I'm at home. If anybody knows that, please post.
Option 2:
Change Leverage. As I understand it, w/ a high Lev. i can have more trades at the same time but will get Mergin Call very often. A smaller Lev.: visa verse. It's a two-bladed knife ...
Option 3:
But more cash into the account ...
And another question:
With my settings (1:100 Lev - 0.1 Lots) 1 Pip is 1$
If i change my Lev to 1:10 is 1 Pip = 1/10$ = 10c ? Is it the same as a Micro-Account w/ 0.01 Lots? How does a 1:10 Lev. affect my Margin?
Thx for reading and an extra thx for answering
Greetings,
Ray