Today teh contest start, but what is the leverage for contests account?
I opened 0.05 lots, but the money used is 996. the leverage is about 1:6, Why?
see the ilst of Contest Competitors :
https://www.myfxbook.com/contests/myfxbook-trading-championship-may-2010/1/competitors
1:0, 1:200, 1:100 ......
???????????????????/
for the No 1 now,
MGL
https://www.myfxbook.com/members/MNGL/mgl/29877
he can open 1 lot ????!!!
I opened 0.05 lots, but the money used is 996. the leverage is about 1:6, Why?
see the ilst of Contest Competitors :
https://www.myfxbook.com/contests/myfxbook-trading-championship-may-2010/1/competitors
1:0, 1:200, 1:100 ......
???????????????????/
for the No 1 now,
MGL
https://www.myfxbook.com/members/MNGL/mgl/29877
he can open 1 lot ????!!!
May 06 2010 at 04:13
Leverage is 1:200 on FXDD demo. U can put EA that provide account info to check.
Information is Gold when come to organised.
May 06 2010 at 07:23
The leverage seen on the competitors page is not necessarily the real leverage, it's just what was selected by the trader at account opening.
FXDD set the leverage to 1:200.
FXDD set the leverage to 1:200.
High leverage gives the advantage to us, with a small capital, we can make a deal with a large enough volume, but with high leverage, the risk we face is also larger.
Jun 21 2020 at 14:49
Hmm, I've never seen such a little leverage before... Maybe it's some kind of malfunction. Actually, it's a good thing it turned out to be small, but it's a much better option than an unnecessarily high leverage. So you can say you're lucky!
I think it's better to keep the standard leverage up to 1:200 in everyday trading, so that your trading is safer, you shouldn't risk just like that.
High leverage is an option for special occasions that are more related to fundamental analysis.
High leverage is an option for special occasions that are more related to fundamental analysis.
Topic is locked
