I have a question. Can you do this? If you have a 250$ trading account put all of your money on a pair that it will go up or down. You put your stop loss at 125$ if you lose 50%.
But if you win you can double your money or even triple it. The question is what I said about margin. If I have a 250$ can I put all of my money on 1 trade that it will go either up or down or there won`t be enough margin?
I want to have a gambler’s approach put down 250$ if it wins ok I got 500$ if it losses I`ve got 125$ I then take out to my wallet another 250$ and put it to whatever I had before.
Can I do this with a normal account with normal leverage on FOREX? Is this possible or is it because of lack of margin I won`t be able to put 250$ on 1 trade and risk 50% of that money to be a win or a loss?
Hello,
But the question is i buy 0,06 lots. Will the trade close automatically when it losses half of its value do I got room to wiggle in meaning if I lose the trade lose 125$ and make double if I win? Could this theoretically work or my account is gonna blow up very fast?
Thanks
This is not a martingale (yet).
You need to also consider the value of one pip.
If you open position with 0.06 lot you need EURUSD to move around 209 pips in your favor to gain 125 USD and the same amount of pips to lose 125 USD.
This is amount of pips pair can move in about 10 days.
If you set your stop loss and take profit 209 pips from current price you will hit either 125 USD gain or loss in more or less 5-15 days.
Final amount may be slightly different due to spread and slippage.
I set my stop loss at 50% of the total amount and no take profit. But the profit should be up 50% of the time, and it could double or triple in 1 week. I just dont know if I can do it due to margin. I dont want to get a margin call saying I have to pay more than I have in my trading account and that could close down the trade. Can I put all my money in 1 trade and take a loss of 50% if it succeeds? Then I take double or triple profit. Can I do this technically, theoretically, and practically.
Thanks
Your stop loss and exit is some sort of price.
And fraction of this price (a pip) is worth some USD depending on your leverage.
209 pips distance is the 50% of your account in this particular case. Depending on your account leverage, margin required amount will change and you max available position also, thus you need to think and use any calculator for margin to check. IF your leverage is 1:30 then 0.06 lot will require 250 USD margin and then 209 pips is your 50% on EURUSD - I’m not sure I can explain it clearer and looking for other guys to jump in.
I would strongly encourage you to go through education section starting from very beginning, as it seems you miss the basics of forex trading.
Wont it last to lose either half of its value or double? If it can last and go down from 250 to 125 I can make it work? Why wont it work why are you saying its gonna blow. Won`t I be in the game until it losses halfs of its value?
