MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » Beginners Forum

[fxman05]

Hi

I want to know how much money do you need for a mini acount?
How much do you need for a full account?

and what is the maximum a single pip is worth?
ie £10, 100, £1000
thanks

[fairwind]

Hi there FXman,

Welcome to M/Tec forums. The info you seek is readily available on the web pages of each broker. I think they will all give details of what they are offering including demo accounts. There is a link at the top of each M/Tec page, look for the orange band at the top.

[fxman05]

thanks for your help

[DrForex]

A mini account minimum transaction size is 10,000 units (USD, EUR of GBP or what ever).

In order to put yourself in a position to be able to have a high probability to make it in FX trading and make money from it you probably need around $3000 plus a lot of luck to make a success of a mini account in the long run.

X 10 for a standard account.

The value of a pip =

see http://www.forextips.com/pipcal.htm

(This is not a solicitation for business for forextips dotcom or their associated entities. You venture off this page of this site at own risk.

[mishak]

DrForex, that calculator does not work properly for some currency pairs.


fxman05, you may try this Forex Calculator
Please note that it produces US dollar value of a pip, not pound price.

[DrForex]

Originally Posted by mishak

DrForex, that calculator does not work properly for some currency pairs.


fxman05, you may try this Forex Calculator
Please note that it produces US dollar value of a pip, not pound price.

Mishak,

Why doesn't my signature show up in my posts?

[DrForex]

Mishak

Thanks. i don;t use it, but know about it. thanks.

I could have said buy my book ... you know that one about the birds, then you can figure it our for yourself, but now I am an upstanding law abiding, Moderator fearing, Moneytec citizen and therefore i don't say buy my Book Bird Watching in Lion Country - Retail Forex Trading Explained in order to get my book Introduction to the FX Market for free where you can learn to do al them calculations by yourself. Or did i just say it?
You decide.

See. Where's my signature? Its on the preview but not where it counts!

(Oh or you can buy Introduction and get BWILC for free same bargain)

Still no signature. And it is such a nice signature.

[mishak]

Originally Posted by DrForex

Why doesn't my signature show up in my posts?

Have no idea. Please check your profile settings. If doesnt help - post to Complaints section.

Please note that it is against the Guidelines of our Forum to include links in your signature.

[DrForex]

Originally Posted by mishak

Please note that it is against the Rules of our Forum to include links in your signature.

Not guilty of that. UNLIKE some others. My link in my public profile - like good law-abiding, Moderating fearing Mtec citizen

[ravivadina]

{ banned for spamming }