Answers
I plan to open a mini account with USD800. what leverage should i use? do i have the right to choose the leverage i want? i plan to start small....1:2 or 1:3.
i had played a demo account for 2 months. Current P/L is USD866.91 with USD3000 account. But i'm not sure what leverage i'm using.
i need to know wether i can choose the type of leverage each time i go trading.
$800 is fine for opening your mini account.
You can utilize leverage as low as 1:1 with most any broker and you can go as high as 200:1 or even 400:1.
Rather than focusing on the leverage, what you should actually be focusing on is the margin.
At a 5% margin on an $800 account you would be positioning $40 into the trade. At a 1:1 leverage you would be controlling only $40 of currency (less the spread or "commission"). At a 100:1 leverage you would be controlling $4000 of currency with the same $40.
I would be happy to send you some more info if this is confusing for you.
Paul
pupp50@yahoo.com
Just discovered this function a couple of days ago, you can actually set up the mini orders on simulator so whenever you click on Bid/Ask price ...
i plan to open a mini account with USD 800. i plan to gain 15 pips in a day but i don't want to use a very high leverage due to its high risk. what is the lowest leverage offered in mini account? from which broker?
The lowest leverage that you can use in any Forex account is 1:1, although I don't know why anyone would do that. One of the main advantages of participating in the Forex marketplace is the ability to leverage your money.
There are other techniques to address risks associated with the Forex market without compromising the power of leverage. Drop me an email and I will send you some info that you might find useful.
Paul
pupp50@yahoo.com
Yes, a forex mini account lets you start with a lower minimum balance (often $250-500) compared to a standard account which requires a higher balance.
The main difference between a mini and standard account is the lot size you get to trade. In a mini account, your trade value is $1 per pip, while in a standard account it is $10 per pip.
With a mini account, you can step into forex trading with minimum risks and a chance for above-average returns.
forex.com offers a mini account with a minimum deposit of $250. Is $1000 enough to trade with or should I look for a micro account.
The UMD system is for the professional and part-time trader who is looking to gain an edge in the market.
Please give clear detail for one who using in online and which one is best setup for EA?
OPTIONS PLAY: E-MINI S&P, 5 HIGHER DAYS IN A ROW, REACHES CRITICAL AREA
OPTIONS PLAY: E-MINI S&P , 5 HIGHER DAYS IN A ROW, REACHES CRITICAL AREA
After a terrific week of 5 higher days in a row the E-MINI S&P reaches a critical area.
MY ANALYSIS
Fundamentally, we are heading into earnings week with the TECHS set to get the week started. We already had ALCOA and MARRIOTT beat expectations. We are at about the same price we were two weeks ago before the market made a correction(that's why I love options-they give you staying power). I believe that we will see continued good earnings next week and the E-MINI S&P will continue to rise. However, we are at a critical area.
Technically, we could run into resistance here, but the E-MINI S&P is in the midst of a long-term bull run. Where we go from here will determine whether we are still in an UPWARD TREND
The Possibilities of Trading Mini Forex
If you are looking at choosing a merchandise to put in in, then there can be no change one's mind voice then the Forex shop. It is one of the most superbly markets to accord you with larger possibilities to pamper a big profit all with the greatest still. This is the power supply why and wherefore that so many corporations and the damned affluent are such massive players. But now more then ever well-adjusted people are also becoming caustic to get convoluted in trading the Forex bazaar. Another lender that is also penetrating is that you do not have to throw away all your in good time always trading or even have a big account; it has become very stereotyped for people to have what is called a Mini Forex account .
When you are first starting out in the Forex supermarket, it is worthy to have enough scratch so that is does not fact so much if you spend a few times in the first one of months or so. Of circuit, not everyone has enough funds needed for this, so in this way mini Forex trading is the way clockwise as it only requires a saleswoman to have a secondary amount of upper case ($300), in juxtaposition to official Forex trading accounts.
One of the most signal things to take note of is that the Forex make available is all about leverage and this means that someone is gifted to employment in a commodity without having more than what is within reach in their account. So even if you only have a $250 sediment, you could still commerce in a highest point of 5 mini lots. However, although this is workable, it is still smart that you start with a gifted submissive leverage as it will assign you to have greater adjustability in trades.
It definitely is a company start to a Forex profession, for although you are only investing a elfin amount, you can still satisfaction in using the bountiful Forex trading dais and all the other benefits that other bimonthly Forex traders take to. Trading with only a mini Forex account will also shelter you from making many losses which traders investing a substantial amount will not be superior to take under one's wing themselves from. As far as being more extensible, this is truer of mini Forex trading too as far as customizing trades and minimizing risks go. Therefore, you can see how appealing this position might be to someone new to Forex trading, for they can lay out in more areas of the demand with less of a chance as there is less to be buried, message that a mini Forex merchandiser can be more unnamed and less havering with trades.
...News
Make some serious coin with Zecco FOREX this OctoberExaminer.com - Sep 27, 2009
With a $1000 deposit, you can have a 10:1 leverage if you work only one $50 mini-lot at a time (one mini-lot of $50 is the equivalent of trading $10000,Inside Futures - Oct 10, 2009
OPTIONS PLAY: E-MINI S&P, 5 HIGHER DAYS IN A ROW, REACHES CRITICAL AREAFutures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored intoTheBull.com.au - Sep 21, 2009
There are generally two types of accounts in the forex market known as the mini account and the standard account. Mini accounts trade in lot sizes of 10000 and more »
Inside Futures - Oct 07, 2009
Futures and Forex trading involves a substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. and more »Ecommerce Journal - Sep 24, 2009
If you are required to deposit 1% of the total transaction value as margin and you intend one mini lot of USD / CHF which is equivalent to US$10000 the