Help needed for marketiva/forex. Advice needed.!!
By madmooo
@madmooo (63)
Malaysia
September 30, 2007 2:48am CST
Can someone help me with this statement? I got it from marketiva email,and i dont get what they means.
'The maximum number of short term position (shorter than 5 minutes)a trader can have in a 4 hours period is 10. If a trader closes more than 50(your are at 42) short term positions or more than 200 total positions in a 7 consequtive days,such traders account will be temporarily prevented from sending new orders into the market.'
1 response
@gabesmom (1246)
• United States
30 Sep 07
I don't use Marketiva but trade forex with another online broker. What the message is trying to say is that you are making too many quick trades. These trades are considered very risky, so they put a limit to the number of trades that you can enter and exit within 5 minutes, as well as the day trades that you can make. If you exceed the allotted number of quick trades they allow, your account will be frozen. You may be required to add more money to your account, it would be best to check with them.
