Skinny, Tall Noob

[Pelummy]

To the Forex gods and FX-MEN here, holla! I present to you a skinny, tall Forex newbie. I just joined the Forex community and have a gone through the School of Pipsology but well, I am still a bit confused. From holy, good land here in Nigeria however, I hope we will get along well and roll some DOUGH! And as we say here, I dey loyal.

[ProfesorPips]

Hi practice, practice, practice and good luck Regards Greg

[Pelummy]

Hi. Thank you for the encouragement. Can you please shed some light on what leveraging is?

[tradeforex077]

I’d recommend you have a read from the babypips course;

Forex Leverage and Margin Explained

Also if search ‘leverage’ on this site you’ll find loads of threads where this question has been asked before eg heres one from 2011;

Margins....leverage etc

I was just wondering if its possible to trade without margin? If I open a $100,000 account for example then to trade one single lot the value is $100,000 anyway so wouldn’t need any leverage right? My understanding (obviously I’m a seriously new newbie) is that with a $10,000 account for example, to trade one single lot that is $100,000 with leverage. The reason I ask is that if I don’t use leverage then I can’t possibly get a margin call which means I can leave positions open longer if needed. …

Hope you get your answer.

[spinning]

We all started as a noob. All you need is to practice and keep growing with your skill and technique.
All the best. And welcome to babypips.

[SR_CLT]

Practice and patience will make your goals easier, Great start keep it up

[baemax023]

Hello Pelummy! Welcome to the community! You can go through the School again and if you have any questions, ask help here in the forums. Good luck!

[Pelummy]

I feel so good to be here. Thank you all, your words will not be taken lightly.

[ria_rose]

Hello there skinny, tall newbie! Haha. People here are really nice and helpful so I don’t think you’d have any problem getting along with everyone. You can try reading more posts here so you could see some of the FX veterans that you might want to follow. Good luuuck!