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how much would you NEED???

  • #1
  • First Post: Edited Aug 20, 2009 8:06am Aug 19, 2009 1:28pm | Edited Aug 20, 2009 8:06am
Im new to forex,how much capital would you need to play $10 per pip with no leverage?

Many thanks
  • #2
  • Aug 19, 2009 7:27pm Aug 19, 2009 7:27pm
Well if you're new, you have a deathwish if you want to play no leverage standard lot with $10/pip value.
  • #3
  • Aug 19, 2009 7:46pm Aug 19, 2009 7:46pm
Pls play with small amount 1st

PS: if u still wanna $10 = per pip try 5k
  • #4
  • Aug 19, 2009 11:19pm Aug 19, 2009 11:19pm
Quoting goose4
Im new to forex,how much capital would you need to play $10 per pip with no leverage?

Many thabks

$10 per pip = 1 lot = $100000 margin at no leverage (or 1:1 leverage).
Plus, add the spread and assuming an average 20 pips risk per trade you should have at least $105000-110000 to start off, to cover for eventual losing streaks while maintaining the starting position size...

At a higher leverage, like 50:1 or even 100:1, you could use a much smaller capital, like 5 to 10K.

But... being new to forex it is highly recommendable to start with much less position size to test the waters and learn thoroughly before you jump and risk higher amounts.
  • #5
  • Aug 20, 2009 8:05am Aug 20, 2009 8:05am
Quoting doblece
$10 per pip = 1 lot = $100000 margin at no leverage (or 1:1 leverage).
Plus, add the spread and assuming an average 20 pips risk per trade you should have at least $105000-110000 to start off, to cover for eventual losing streaks while maintaining the starting position size...

At a higher leverage, like 50:1 or even 100:1, you could use a much smaller capital, like 5 to 10K.

But... being new to forex it is highly recommendable to start with much less position size to test the waters and learn thoroughly before you jump and risk higher amounts....
Thanks for the answer guys,I know not to play with this amount just trying to get an idea.


The reason I ask $10 is Im more interested in trading the Forex futures,and in my research the min you can play is $10 per pip (1 lot).Would be great in anyone could confirm this?

Once again thanks guys!!
  • #6
  • Aug 20, 2009 11:39am Aug 20, 2009 11:39am
The CME offers e-mini and e-micro futures on currencies.
  • #7
  • Edited 12:13pm Aug 20, 2009 11:48am | Edited 12:13pm
Quoting philmcgrew
The CME offers e-mini and e-micro futures on currencies.
Is this something new, within the last year or two, I wasn't aware?

EDIT: Nevermind...

http://cmegroup.mediaroom.com/index....mplate=article

EDIT 2: Thanks Phil, they are brand new. First quarter 2009. Time to close my FX account (if the market is running smoothly), I have been waiting for something like this to come about.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #8
  • Last Post: Aug 20, 2009 12:03pm Aug 20, 2009 12:03pm
I'm not sure when they started offering this product. It's a brave, new world out there!
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