forex problem plz help
By highhead
@highhead (79)
India
April 5, 2009 11:52pm CST
i am registered with fxpro i am a new trader they told they have leverage upto 1:500 now i checked with demo account if i have 100$ in 1:500 i can trade upto 50000 andit would be same as 50000 in 1:1 leverage but i cant buy 8 lots in 100 and 1:500 but i can buy in 50000 in 1:1 can anyone help plz
3 responses
@siddharthlife (462)
• India
6 Apr 09
Leverage is not automatic - you will have to choose your leverage for each trade. If you have 100$ and the broker allows you 1:500 leverage does not mean you can trade with 50,000$. It only means that is the maximum value. For each trade, you need to specify. e.g. you say you want to invest 10$ to buy the Pound with a leverage of 100, which will mean you can buy Pounds worth 1000$. That is how it works.
If you are a beginner, then you should avoid high leverages in any case. You can lose your money way too quickly! Keep it at a medium level, not at the maximum.
@siddharthlife (462)
• India
7 Apr 09
Hi
I have not worked with metatrader and so I am not too sure as to where the option is present. You can look up the help or FAQ of the site, but if you don't find it, then you can just email them and ask for it.
@flavius_forte (24)
• Indonesia
6 Apr 09
What is the currency pair you are trying to buy?
All I know is the margin requirement for each pair is different,
Maybe this is the answer you can't buy it.
Or other reason is when using demo account the margin requirement level more than real account margin requirement level.
