[edacsac]

I'm trying to correlate margin and the 2% money management rule into real numbers from my perspective. Maybe I'm just tired, but I can't put it together right now.

Say I have a brand new account funded with $1000 at 50:1 margin. I'm going to buy 750 EUR/USD at 1.57992

From the oanda market order window:

1pip = $0.08
Trade value = $1184.94
Margin used = $23.70
Take profit = $0.75 / 10pips
Stop loss = -$1.12 / -15pips

So if I execute this buy order, I'm using $23.70 of my margin, which is roughly 2%, yes/no? Am I correctly interpreting the 2% MM recommendation?

If I hit my stop loss, I lose $1.12 from my $1000, or would it only be $0.37 from where I entered my trade? Or am I totally beyond my capacity since the total trade value is $1184.94?

In the trade window, I set my take profit at 10pips and my stop loss at 5 pips. Why does the summary show -15 pips?

I'm reading the leverage section of pip school again, but I'm just not realizing my total risk responsibility. I probably shouldn't have used the 50:1 ratio becuase I plan to only use a 10:1 ratio for practice and live.

Thanks!