Hello again.
OK - well - this is not the post I was talking about - but I'll just reply to you quickly on this.
I don't know what broker you are (were) with but it sounds like the lot sizes cost too much for the capital that you were starting with (I say this because one lot of one pair managed to margin call your account). One of my (forex only) accounts is with a broker called Delta Stock. Your lot size can start from 1000 units and you can work on a 200:1 leverage. Just to give you an idea you could have opened 1 lot of GBP/JPY of 1000 units last Thursday and this would have used $10.12 of your margin. This single position would now be showing a profit of $49.74 (as I type this message) just by using Parabolic SAR (I'm just taking my positions and dividing them by 10 to give you a comparison because I have set my minimum lot size to 10 000 - which you can do yourself by the way at this broker). I currently have 26 lots / 26 pairs open - all based on Parabolic SAR entry since last Thursday (3 I opened this morning though) - and they are currently showing a profit of $3947.70 (in your case this would be $394.77) but think about it - in no time you could build your account to the point where you could increase your lot size.
It depends on your broker I think. 1 lot at my 'main' broker costs $50 regardless and 1 lot at my other broker costs a mininum of $100 for 0.1 of a lot. Can you see the difference? It's a lot easier to get margin called at the other two brokers (trust me - I speaking from experience). Anyway - Delta is going live next month (so I'm told) with CFD's, Indices, and Commodities - so I'll be moving my 'main' account to them.
Hope this helps.
Oh - by the way - I'm talking about Daily and longer.
Regards,
Dale.
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