Hi! I’m a forex beginner with a question. Any input would be helpful.
Lets say I’m trading with 100k in my trading account.
I only want to place a buy order using 50% of my equity which would be 50k. I’m using 1:400 leverage on a fixed trading account.
I want to know how to calculate how many pips I would need to go down if making a buy/sell order until to get margin called. I want to know how to calculate the value per pip so I can set my stop loss so I will only loose 50k not my full account of 100k.
In short I want to know how to calculate my stop loss so I won’t loose more than 50k of my 100k In my account.