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Thread: Not enough money

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    Default Not enough money

    Not enogh money to trade, what currency which i can to trade using $25?

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    Default reply to dedynof


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    Piplet siwael's Avatar
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    Arrow Comment

    I had this problem before
    and it's solved by changing leverage,
    leverage took with me 24 hours until it was changed.
    :o

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

    Quote Originally Posted by siwael View Post
    I had this problem before
    and it's solved by changing leverage,
    leverage took with me 24 hours until it was changed.
    :o
    Leverage changing is manual process which might take up to 24H. But usually it takes much less time.

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    Quote Originally Posted by FX Egypt Manager View Post
    Leverage changing is manual process which might take up to 24H. But usually it takes much less time.
    what is the bigest laverage fxegypt offer/

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    Default

    Yey.. i can trade now.. after changing the leverage.. anyway.. what is leverage means?

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    Leverage means your money is multiplied by that amount for use on the real market. $1 real money becomes $500 meaning you can open larger trades with less margin equity. Essentially 1.0 lots at 1:500 costs you less than at 1:200 so you can open more trades.
    The catch here is that if you are tempted to use the leverage too much, it can increase the risk to your account a lot. Use it wisely and you can profit from it.
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    Thank you rebatefx.

    I was getting profit from the leverage at first and also loss after that. I notice that the free margin was to low. Anyway that is an experience. Im going to start over this monday.

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    On $25 even with 1:500 leverage I suggest using no more than 0.01 lots until you can build up enough equity to trade effectively.
    Jafar Calley - Director
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    Yes.. it was my mistakes as i deliberately use 0.10 lot to trade. So my margin was squeeze hard and i had a margin call.

    But i was taking profit 110% before that! Theheheh...

    Anyway, thats forex... without good money management - you wont make it.. right?

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by goldsniper View Post
    Yes.. it was my mistakes as i deliberately use 0.10 lot to trade. So my margin was squeeze hard and i had a margin call.

    But i was taking profit 110% before that! Theheheh...

    Anyway, thats forex... without good money management - you wont make it.. right?
    100% right!

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    No pain no gain.... analysis is a need in forex.. do homework.. maybe we can stop the loss.. and get profit instead..

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    Quote Originally Posted by goldsniper View Post
    Anyway, thats forex... without good money management - you wont make it.. right?
    Indeed. I have a long term open e/u short on another broker that's -321 pips but it's not anywhere near hurting my free margin or my equity.
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    huh... rebatefx you are making me jealous... ehehehehe...

    how much is your capital and how much did you use to trade?

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