MoneyTec Traders Community Forum - View Single Post - basic question about the value of pairs traded

KingCreole · 06-11-2004, 15:03

When you open an account with your choice of broker that is automaticially preset. With MG Financial you have a choice. 1% or 250 to 1 margin. Example: 1% of Euro=$1296.9 or use the fixed margin and use less capital the same trade Euro= $250.00. It all pays the same . 1 pip equals $10.00. You can guess my choice. Then there is Oanda. Another choice is to use a set amount of your account. Lets say a 10K account and you only want to risk 2%. Then you enter the % of risk in the trading platform and and the rest is automatted. Some people trade with 2 accounts. One for position trading and one for scalping. I hope this helps. Best regards. cnwc2004@yahoo.com.

06-11-2004, 15:03	#2
KingCreole level 1 Join Date: Aug 2003 Posts: 70 Downloads: 0 Uploads: 0 Rep Power: 0	When you open an account with your choice of broker that is automaticially preset. With MG Financial you have a choice. 1% or 250 to 1 margin. Example: 1% of Euro=$1296.9 or use the fixed margin and use less capital the same trade Euro= $250.00. It all pays the same . 1 pip equals $10.00. You can guess my choice. Then there is Oanda. Another choice is to use a set amount of your account. Lets say a 10K account and you only want to risk 2%. Then you enter the % of risk in the trading platform and and the rest is automatted. Some people trade with 2 accounts. One for position trading and one for scalping. I hope this helps. Best regards. cnwc2004@yahoo.com. __________________ May our trades be true and profitable.