Hello,
I'm interested at openning forex account.
i understand that there's things like leverage , margin and equity, i read about them at the school of baby pips but still don't understand.
I'm going to open micro account with ALPARI , initial deposit of arround 200$-250$ , an i'm going to trade micro lots (0.01 - 10 cents per pip).
i don't understand how margin , leverage and equity will effect my account.
lets say my initial deposit is 200$, my max risk per trade is 2% , that's 40 pips MAX stop loss per trade.
opening no more than 6% risk for all of my open trdes together.
so what is the problem with opening a micro account with 200$?
babypips say that i need minimum of 1000$ to open that kind of account , why??
I'm interested at openning forex account.
i understand that there's things like leverage , margin and equity, i read about them at the school of baby pips but still don't understand.
I'm going to open micro account with ALPARI , initial deposit of arround 200$-250$ , an i'm going to trade micro lots (0.01 - 10 cents per pip).
i don't understand how margin , leverage and equity will effect my account.
lets say my initial deposit is 200$, my max risk per trade is 2% , that's 40 pips MAX stop loss per trade.
opening no more than 6% risk for all of my open trdes together.
so what is the problem with opening a micro account with 200$?
babypips say that i need minimum of 1000$ to open that kind of account , why??