Not yet .... still can wait.

Hi! mariochuah,

Is the screenshot from an Android-based smartphone? Which broker are you using?
Thanks.

OK. Which broker are you using?

Spot-on, highlowyat! 100% agree what you said ;-)

I am currently with IBFX Australia but they are been acquired by FXCM so our account will be transferred over to FXCM.
Anyone using FXCM & like to share their experience with them?
Would greatly appreciate if anyone can recommend a good/reliable alternative broker?

Thanks!

You sure about FXTM? They are based in Cyprus!

I mean are they reliable? More important is have you deal with them before?
Thanks.

What does "CH" stands for? Thanks.

Thanks.

I think I have the manual + the videos quite some time ago.



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How long have you been dealing with FXRANEX?
I did Google search & some search results says this is a scam! Better be careful.

Get as high leverage as possible. Why? It's like having extra cushion if the price goes against your position. Whether your leverage is 1:50 or 1:400 the max. you will lose is still US$5K. With higher leverage your "free margin" is higher ... meaning less chances of margin call.

If you are thinking of 1:1 leverage then better go to Genting casino. You definitely stand a better chance .... trust me ;-)

If you trade 1 pair in Standard Account with Leverage of 1:1 –

(1) Capital/Equity = $5,000
(2) Margin required = $1,250 (estimated deposit per pair for Standard Lot)
(3) Free Margin = $5000-$1250 = $3750
(4) Free Margin Level % = 3750/1250 = 300%
(5) Margin Call Definition: Once your Free Margin Level drops to 100% you go into a Margin call and your most detrimental trade or the first FIFO compliant trade (if applicable) is closed to bring you above 100%. If the first closed trade does not bring you above 100% the server will continue to close out trades until our account come up above 100%.”

With a leverage of 1:10, then your capital becomes $50,000 and the Free Margin Level % becomes 3900%!

So which Free Margin Level % you prefer …. 300% or 3900%?

This post has been edited by csong60: Sep 12 2014, 03:21 PM

See in details the formula for computing the Free Margin Level %.

I think you are getting confused. Margin required IS NOT 25% of your capital. So happen that we use 5K as an example so I guess you thought 1250/5000 = 25%, right? If your capital is 10K, the margin required is still 1250 per standard lot. Hope you get what I mean.

(2) If you trade 2 standard lot, then margin required = 1250x2 = 2500. Therefore Free Margin = 5000-2500 = 2500. Free Margin Level % = 2500/2500 = 100%.
Bingo! You just had margin call! Not 250 pips leeway, bro!

You are right when you said GH is all about game of chance. But gamble smart, lah brother! Ask yourself, between the punter (you) & the casino, who usually (if not always) win?

This post has been edited by csong60: Sep 12 2014, 04:11 PM

(1) Different pairs different margin required depending on currency pairs, but it is around 1250. Similarly in standard lot 1-pip profit is "around" $10, again depending on currency pairs.

(2) You are correct. Sometime the market spiked & you may get margin call if your Free Margin Leve % is close to 100%.

(3) 1 standard lot with capital of 5K will get margin call when you lose "around 250" pips. Again I said "around" becos' it depends on the currencies pairs.

Calculation as follows:
(a) Capital/Equity = $5,000
(b) Margin required = $1,250 (estimated deposit per pair for Standard Lot)
© Free Margin = $5000-$1250 = $3750
(d) Loss of 250 pips = $2500 (i.e. Free Margin becomes 3750-2500 = 1250)
(e) Free Margin Level % = 1250/1250 = 100% >>> MARGIN CALL!

Let me tell you something ........ My capital is many time more than 5K & I am still trading in minilots! I want to have a peaceful sleep even though the trade goes against me cos' I know I won't get margin call.

Remember .... Greed KILLS!

This post has been edited by csong60: Sep 12 2014, 05:24 PM

Have you been reading any books on forex trading? Name me the titles, pls.

Hi! starship1,

I am no pro in forex trading ... still learning to trade with consistency. Like I said earlier, I am still trading minilots even though my capital allows me to trade standard lots. At least I don't have to worry about getting margin call in any of my trades.

I would prefer intermediate-to-long term strategy but sometimes I do daytrades occasionally. I am not so concern with 100~150 pips drawdown as my perspective are towards longer-term trend. Below are 2 historical trades (long-term) from my demo account for viewing.

You can PM me should you be in Klang (Bandar Bukit Tinggi) & I will be glad to join you for a cup of coffee ;-)


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Just replied your PM message.