Thread: Discuss all about FX open

Alizain, I have opened a standard account but unable to trade because of the balance (50.00), so I am doing a micro now.

I thought you could open a trade with as little as 1.00 but the smallest available trade about with this balance is not allowed.

Originally Posted by jcil62

Alizain, I have opened a standard account but unable to trade because of the balance (50.00), so I am doing a micro now.

I thought you could open a trade with as little as 1.00 but the smallest available trade about with this balance is not allowed.

you means, can't trade with $50 balance in you're standart acc ?

maybe that's cause you set leverage lower than 1:200, if you have $50 acc balance in standart account, so, you can trade minimum used 1:200 leverage to trade 0.1 lot in pair like usd/jpy. that's will make you can trade $50 as 0.1 lot using 1:200 leverage, for example at usd/jpy for $0.87 per pip.

so, you just can set the leverage from 1:200 up to 1:500
if you want to use 1:100 leverage, you must add you're balance to $200, then you can trade to any pairs.
microlot can be used up to $500 balance if you reach $500 you're acc will change to be standart account.

you have others question, may i can help you

thanks, that was helpful.

Originally Posted by Alizain

cause GJ is popular as high volatile currencies pair, so if i has get +80 pips, then with high volatile condition the prices can go touch the SL (100 pips), then i lost my potential profits in front of my eye

Well, that's why Im focusing mainly at e/u ;) If you are scared by high volatility of g/j, why don't you trade something less volatile?

Originally Posted by jcil62

thanks, that was helpful.

Hi jcil62, also be advised that trading with $50 mini-account on high leverage with no or little practice is almost 100% probability of loss. For mini-account I would recommend to start with at least $2500. Anything less will push you to use very tight stop-losses (if you want to play it correctly) and tight stop-losses are road to consistent losses. Consider to open practice account first (also called a demo account) where you can try how your trading decisions would work in the wild jungle of live trading.

Originally Posted by ptaczek

Well, that's why Im focusing mainly at e/u ;) If you are scared by high volatility of g/j, why don't you trade something less volatile?

thank's for the suggestion. Now i am try to focus at Usd/Jpy, which have tight spreads and less volatile

Originally Posted by Alizain

thank's for the suggestion. Now i am try to focus at Usd/Jpy, which have tight spreads and less volatile

Ok, Im rooting for you! :) Just stick with it and study it closely - it will pay up ;)
btw: U/J dropped at 3-years low today and is at it's major support level

yuuupp :D, i am happy for that's Pta,

now, waiting for 14 march for some important news from Japan

Originally Posted by Alizain

yuuupp :D, i am happy for that's Pta,

now, waiting for 14 march for some important news from Japan

What will happen on Mar 14? Something "japanese" ? ;)

this the news, about what will happened on 14 march :

Markets are generally quiet except that some volatility is seen in the Japanese yen and commodity currencies which reversed part of yesterday's movements. But after, they're still bounded in tight range. USD/JPY retested last week's low of 101.41 but downside is still held there so far. BoJ Governor nominee Muto, facing criticism from opposition party, said that he'll firmly ensure BOJ's independence. Muto also said that while the bank has no preset schedule for rates adjustment, it will "act without hesitation if necessary." The Japanese parliament may vote on the appointments on Mar 14 and PM Fukuda will try to avoid a leadership vacuum in the bank.

from : action forex