How do Forex margin accounts work?
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What if I use all my 500 dollars to open positions. Does that mean any unfavourable move will make me liquidate my position?
richkidsmartkid 2 weeks ago
Margins are a scam , FOREX brokers use to prevent traders from riding out a negative movement , against their position ..For example with a $1000 live account , without the imposed "margin" stop , you would have a 100pip leverage to ride out a negative movement against your position ( based on a 1 lot bid ) .
You should have a 50pip leverage for a $500 account , not a mere 15pips . 15pips will heavily constrain your capacity to trade , it's pathetic really .
JABWorks 3 years ago
Sweet!I have been searching for videos that can help me understand the basics of trade. Thanks
oliverjj 3 years ago