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Question on Mini Account

  • #1
  • First Post: Apr 11, 2007 4:55am Apr 11, 2007 4:55am
Hi,

What is the different between trading 10 lots in mini account when compare to 1 lot in standard account???

Will that affect my profit and loss.

As I know broker actually hold the trade of mini account and trade it on desk and never go through the proper channel of trading as compare to standard account. Is that true?
  • #2
  • Apr 11, 2007 7:34am Apr 11, 2007 7:34am
Quoting yyc196
Hi,

What is the different between trading 10 lots in mini account when compare to 1 lot in standard account???

Will that affect my profit and loss.

As I know broker actually hold the trade of mini account and trade it on desk and never go through the proper channel of trading as compare to standard account. Is that true?
One of the benefits to the mini's is that you can scale out of your positions when in profit. You simply cannot do this if you are holding on to just one standard lot....its all or nothin'

I definitely prefer the minis...
  • #3
  • Apr 13, 2007 1:32pm Apr 13, 2007 1:32pm
The answer to your question can be found in the Money Management sticky in the beginner forum.
In trading, there is no bullshit. You either make money or you don't.
  • #4
  • Apr 13, 2007 3:46pm Apr 13, 2007 3:46pm
Quoting yyc196
Hi,

What is the different between trading 10 lots in mini account when compare to 1 lot in standard account???

Will that affect my profit and loss.

As I know broker actually hold the trade of mini account and trade it on desk and never go through the proper channel of trading as compare to standard account. Is that true?
Flexability, and the ability to increase your lot size with each change in your account9makes a much bigger diff than you'd think).
Should increase profit through compounding your gains more readily.
Brokers are sharks we are minnows banks are whales -learn to swim well is all you can do!
Swami S
GOD IS NOT SHORT OF CASH
  • #5
  • Last Post: Apr 13, 2007 8:25pm Apr 13, 2007 8:25pm
To best serve Acct Bal., Every Trade should be considered as a Pie Chart.
Got in @ ~ 'x'
Out of 25% {unknown %} @ 'n'
Holding remaining @ ~ Entry of 'y' for breakeven.

Ego trade 1 Full Lot 'cause that's all your MM will allow' and lay your nuts on the line. The hammer WILL Fall !

Same Trade on 10 Minis will cost you no more and offer you more control.

Your choice.
Smart and increase your cargo
or
Brassie cause this is a business for the lionhearted

Hopefully, you get my drift.
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