Yes, you are correct, but nowdays alot of brokers account types is confusing people, we cannot blame broker as most people doesn't even bother to learn or read their definition on mini, micro and standard, hence, they dont know mini = 10k, micro = 1k and standard = 100k unit of currencies

Mini, micro and standard is just broker account type, to make things easier, if you are confuse with "k" then use this as reference

(1.0  = 100,000units of currency)
1.0 = Standard
0.1 = Mini
0.01 = Micro 
As for leverage, to make things easier, ignore share margin or whatever you learn outside
Just always remember that if you use leverage, you are actually multiplying your purchasing power (margin deposit) according to the figure on the right hand side (1:200)

Not to forget now they even have NaaaaaaNooooo accounts. As long as we understand the basics, there should be no confusion. I don't even bother asking what type of account it is. All we need to know is the currency size per lot and the leverage ratio. Those with the basic knowledge will be able to figure out the rest from there. Next thing you know they'd come out with a pico account and let people trade in cents. Ahhahahahahaha....

For the Margin Level showing in the MT4 beside Free Margin, what you guys think of the percentage will risk the account?

Aiya, more product = higher chance to get different customer ma...forex brokerage business nowdays very competitive....

---

Added on August 21, 2009, 4:25 pm

For really stable and long lasting 1 = Above 2.5% quite risky liao, cause if you deposit 1000USD 2.5% = 25USD, assume its around 5k base currency, so every pip = 0.5cents = you can withhold drawdown of losses up to 1950 pips, so consider each position you lose like 50pips = you can have 40 loss trades nett (which means after deducting profited positions)...

Consider you made 60 loss trade, 20 winning trade = 40 loss trades nett ..... total add up = 80trades only, which average 2 trade per day = 40days (2 months) you finish already...
aiyo...i like apek la....so "cheong hei"

Let me guess what you are trying to say:
1)5k is the position size which is 5micro
2)every pips 0.5cents..... i think should be 0.5 dollars or 50cents/pips
3)2.5% = 25USD is the margin deposit at 1:200 leverage

Why is the EU abit bullish today? due to any news?

something like that, others is just to explain why above 2.5% is risky....

---

Added on August 21, 2009, 5:03 pm
Germany services sector and France manufacturing sector unexpectedly expended ma.....

it seems to me that every night our time, starting 8pm, which was New York 8 am, US dollar seem to be gaining against other currency/
--right?

danny,since ur on demo..u can try put a sell order ( limit order ) on eu @ 1.4400...

I'm using oanda platform to trade. Still learning and everyday I learn new things. So far I havent tried the sell order thing. I only touch the SL and TP. What is the purpose pf the limit order/sell order??

It can go up sumore?

AUD/JPY gave me some pips this morning. too bad..demo pips.! lol

Anyway, will be looking at the EU now. hope to earn some pips there too