Quote:
Originally Posted by edacsac
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.
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While in demo mode try all of the different combinations, all variations
are possible, this will also give you practice on your platform. If you can
be profitable with pennies then moving up to dollars will not be such
a huge deal.
In fact do not look at your profit in real dollars at all but in pips. If I
made 200 pips last week it doesn't matter whether it is 1 cent/pip or
$10/pip the system should still be the same.
Make the mistakes, then when you are ready live trading will not
be such a big deal.