I’m seventy, married forty-six years, have two grown daughters and five grandchildren, and we all live within ten minutes of each other. I count my wonderful family the blessing of the Lord on our lives.
I’m still working and see no way to retire on Social Security, so I’ve taken up studying Forex like crazy. Please enlighten me. There’s something I’m not seeing. When I fund an account with a broker, does he consider that total amount the margin for leveraging any currency pair that I buy? Let me put it another way. Suppose I fund my account with $1200, but want to buy a currency pair for $10 at 1:50 leverage. That would mean that only $500 is needed to fund the margin. Would I be able to tell the broker to leverage me at 1:50 for $500 and hold the $700 balance in reserve?
Thank you, Onemind.
Your answer about two accounts makes that clear. I think i understand what you’re saying in the first sentence, but I’ve got to work it through a bit more.