I'm getting there ... slowly
50 Lots and Up (Your Experience Trading Large Lots) 7 replies
How to make lots of money using micro lots 16 replies
How to make 1 trade so sell lots = buy lots? 6 replies
Open 4 trades for 4 lots or 1 trade for 4 lots? 5 replies
Newbie question -- lots and leverage 8 replies
Quoting witchazelDislikedI have an additional question about leverage
say i have a micro account. say i am not going to use any leverage at all. I buy one lot per $1000. in theory i would not be wiped out until gbp dropped to $0, eg i walked into a bank and gave them $1000 dollars and asked for the same value in gbp.
grb is at 1.8605. if it drops 10,000pips (micro acount of 1000) it would be at 0.8605, but if I only bought $1000 of currency how could this be true? if i lost $1000 gbp should be worth $0.
are we all working at 1.8 leverage to begin with?Ignored