Thanks Daydreamer65. I think I'm understanding better. The $23.70 is locked up as used margin, so the 2% MM theory comes off the top of my remainder of margin available, totaling $19.52.
244 pips seems like a lot of drawdown room. Am I mistaken? 244 pips is equal to about $0.025 in movement? Would it be useful to work it out on larger lots? Would it be wise to trade larger lots with a $1000 account? I know my scenerio is at best profiting in pennies, but even when I go live I want to have good MM in place before I go beyond a $1000 account.
Thanks trader 123. I'm hoping the demo will show me exactly what your talking about! I wish I could practice on the weekends!
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