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Thread: I cant buy and sell

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    Default I cant buy and sell

    why always when I buy and sell told me

    Not enough money what is the problem I have 25$

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Default

    Quote Originally Posted by المهجور View Post
    why always when I buy and sell told me

    Not enough money what is the problem I have 25$
    1) Check your leverage (should be 1:500 to trade with 25$) , to check your leverage simply send request to [email protected]
    2) If your leverage is 1:500 check the currency pair you are trading with. To trade with 25$ you can open 1 of these: 0.1 lot USD/JPY, USD/CHF, AUD/USD, USD/CAD, USD/NZD.
    You will be able to open any pair when your account will become 40$.

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    Quote Originally Posted by FX Egypt Manager View Post
    1) Check your leverage (should be 1:500 to trade with 25$) , to check your leverage simply send request to [email protected]
    2) If your leverage is 1:500 check the currency pair you are trading with. To trade with 25$ you can open 1 of these: 0.1 lot USD/JPY, USD/CHF, AUD/USD, USD/CAD, USD/NZD.
    You will be able to open any pair when your account will become 40$.
    I try them all but I cant Not enough money thes message also come

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    Default

    I have a leverage of 1:200 is that different.
    in other way, will i be able to transfer 25$ or will i have to complete 200 posts to get 50$ and then i will be able to transfer a 50$ to another account. or do i have to do something with the earned money (the 25$)
    please help
    and thanx in advance

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    Quote Originally Posted by eft400 View Post
    I have a leverage of 1:200 is that different.
    in other way, will i be able to transfer 25$ or will i have to complete 200 posts to get 50$ and then i will be able to transfer a 50$ to another account. or do i have to do something with the earned money (the 25$)
    please help
    and thanx in advance
    is that real you can make 200 posts to get 50$
    and what about leverage 1:200 can anyone explane what it mean
    i got it when was made the real acount and did'nt understand anyway

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    Director of FXOpen Aus FXOjafar's Avatar
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    Default

    No, you don't get $50 for 200 posts.
    It's just $25 for 100 posts.

    Leverage means your money is multiplied in value on the real market. Meaning at 1:200, the $25 becomes $5000 which is not enough to open a position. You need 1:500 leverage to open a trade with $25.

    Why don't you consider adding to the $25 and lower the risk of trading it? If you only have $25, one false move and it's all gone.

    Anyway, if you want a leverage change to 1:500, email [email protected] and request it.
    Jafar Calley - Director
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    Default

    i have the same proplem please some one tell me what i can do

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    Quote Originally Posted by FX Open Manager View Post
    1) Check your leverage (should be 1:500 to trade with 25$) , to check your leverage simply send request to [email protected]
    2) If your leverage is 1:500 check the currency pair you are trading with. To trade with 25$ you can open 1 of these: 0.1 lot USD/JPY, USD/CHF, AUD/USD, USD/CAD, USD/NZD.
    You will be able to open any pair when your account will become 40$.
    what about gbp/usd and gbp/jpy

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    OK, the options are..

    1) Just risk the $25, email [email protected] and request a leverage change to 1:500.

    2) Use the $25 as an addition to your own funds thus giving you additional margin to trade with.

    I don't understand why people want to trade just with the $25 bonus. If you want to be a trader, you have to put your own money in some time. It might as well be now.
    Jafar Calley - Director
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    Default How to compute margin requirement

    Quote Originally Posted by mohsen223 View Post
    what about gbp/usd and gbp/jpy
    To open a trade, you must have some money in your trading account. This money is used by the broker to cover the loses in case the position is against you, that way (with careful risk calculation by the broker) you will never owe to the broker. The most you lost is all the money in your own trading account.

    The risk calculated by the broker is represented by leverage. 1:100 means that for 1 lot of currency you trade, the broker requires you have 1% the price of that lot in your account. For GBPJPY or GBPUSD you asking, 1 lot is 100,000 Pound, 1% of it is 1000 Pound.

    What's the value of 1000 Pound to the broker? In case of GBPUSD, 1 pip is the movement of price at the 4th digit after decimal point. With 100,000 Pound value of a lot, the pip value is (100,000/10000 =) 10 USD. With current exchange rate of GBPUSD = 2.05xx, 1000 Pound worths around (1000*2.05/10 =) 205 pips. I.e. The broker is expecting there will be no sudden price movement (slippage) more than 205 pips, so it has time to close trader's position before his account becomes negative.

    Surely sudden move as far as 205 pips is unlikely these days. So the broker is willing to increase the leverage. Using the max leverage offered, 1:500. All the computed value above is divided by 5. The margin required is only 200 Pound per lot, and it will stand against 41 pips sudden move. (Sudden means the reaction time needed by the broker from detecting that the trader's position should be closed to actually close it). Looking at the number (41 pips), leverage 1:500 is pretty much safe for the broker.

    These days a broker usually requires different leverages between opening a trade and maintaining a position. For example. To open a trade you are subjected to 1:100 leverage, which in the example above is 1000 Pound/lot, but you may be asked 1:200 leverage (50% of the original leverage) for keeping the position, meaning after the position is opened, you only have to keep 500 Pound in your trading account.

    If you are given 1:500 leverage to open a position, probably you have 1:1000 leverage to keep a position (can somebody from fxegypt confirms this?). Then using the above example, you only have to maintain your equity above 100 Pound per lot and it will stand against 20 pips sudden move. Still safe for the broker if it reacts quickly enough to close the position. Except of course if the broker is a bucketshop, than it really is having fun.

    ps. Yes all points of view are from broker side not trader side. It is a way for a broker to control its risk. How about for the trader? Well it's has been discussed a lot on other threads. For example, never trade more than 10% of your equity, meaning you're subjecting yourself to 1:10 leverage instead of 1:whatever leverage given by the broker.

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    Default

    has anyone grown the $25 to $1000 yet?

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    Dear Fx Manger
    I have a new account with you, but when I try to make an order , I cannot do that because the button of (NEW ORDER) is not enabled (disabled), eventhough I have in my account 30 USD. Does this mean anything or problem ?
    Can you help me?
    Thanx

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    Quote Originally Posted by naser_mohammad View Post
    Dear Fx Manger
    I have a new account with you, but when I try to make an order , I cannot do that because the button of (NEW ORDER) is not enabled (disabled), eventhough I have in my account 30 USD. Does this mean anything or problem ?
    Can you help me?
    Thanx
    Make sure you are logging in using the trader's password, not the investor(read only) password.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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    Dear REbateFx.Com
    You are amazing. You solved my problem. Thanx very very much .
    Thank you my friend.
    Nasir

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