Hi
So I'm very new to forex and Im giving my best to learn about it by reading books and online resources.
I have come to realize that you can actually subscribe to a "signal" which is basically copy the trades of other real life traders (or EAs)
so I decided I wanted to do an experiment with it, and subscribed with $100 account. The signal is doing really good so far, but I noticed
that my account has 1:100 leverage and the signal's owner account has 1:500 and his earnings are bigger than mine.
Now my question is, what is the math to do to know how big my deposit need to be in order to keep up with the signal's leverage, if my broker has a fixed spread of 2 pips?
Thanks for your advice
So I'm very new to forex and Im giving my best to learn about it by reading books and online resources.
I have come to realize that you can actually subscribe to a "signal" which is basically copy the trades of other real life traders (or EAs)
so I decided I wanted to do an experiment with it, and subscribed with $100 account. The signal is doing really good so far, but I noticed
that my account has 1:100 leverage and the signal's owner account has 1:500 and his earnings are bigger than mine.
Now my question is, what is the math to do to know how big my deposit need to be in order to keep up with the signal's leverage, if my broker has a fixed spread of 2 pips?
Thanks for your advice