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Thread: Standard account MM help.

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    Default Standard account MM help.

    Hello!

    Is it possible to change standard account into micro account?
    because...:

    I get the 25$ bonus, but as I can see trading demo, 25 pips loss is 25$ loss.
    Is it possible to change that?
    ANY solution or idea?
    please HELP!
    because it would be hard to trade... one mistake and game over...
    TOO RISKY trading with levar 500...

    Please help...

    All best 4U

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    Default

    Quote Originally Posted by emce_dmc View Post
    Hello!

    Is it possible to change standard account into micro account?
    because...:

    I get the 25$ bonus, but as I can see trading demo, 25 pips loss is 25$ loss.
    Is it possible to change that?
    ANY solution or idea?
    please HELP!
    because it would be hard to trade... one mistake and game over...
    TOO RISKY trading with levar 500...

    Please help...

    All best 4U
    Read this rule about posting bonus--->
    - Posting bonus only for standard account.
    - Posting bonus cannot withdrawable till end.
    - U can withdraw/internal transfers the profit after make 10lot trade , each trade must closed more than +/-4pips. If u still withdraw/internal transfer the profit without completed 10lot trade the posting bonus will removed automatically.

    Thanks

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    Default

    So,
    1:500 is minimum levar for trade (usd/x pairs)?
    No way to trade 0.01 lot?
    No way to manage money on account more carefully?
    25 pips = always (on standard acc.) 25 $
    ?
    This is last question Please help,

    Happy Christmas and Happy New Year

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    Super Moderator nonamer's Avatar
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    Default

    Quote Originally Posted by emce_dmc View Post
    So,
    1:500 is minimum levar for trade (usd/x pairs)?
    No way to trade 0.01 lot?
    No way to manage money on account more carefully?
    25 pips = always (on standard acc.) 25 $
    ?
    This is last question Please help,

    Happy Christmas and Happy New Year
    Remember the posting bonus are given to the client as extra margin, so we suggest if u want more comfortable when trade, its better start around 300-500 usd in standard account.

    1. - Use this formula to know margin needed each pair-
    Price x Lot / leverage = Margin needed

    example euro/usd - leverage 1:500 - 0.1lot - 1.3917 x 10,000 / 500 = 27.83$ margin needed to open pair

    2. Trading volume from 0.1 standard lot, 1 pip is 1 USD approximately (1 standard lot =100000 points of the base currency)

    3. As i said earlier, the posting bonus are given as extra margin for u.

    It's better u learn more about forex.
    -----------------------------------------------

    Just note and information :

    How to Calculate Pip Values
    (one pip, with proper decimal placement/currency exchange rate) x (Notional Amount)


    (.01/124.59) x Eur10,000 = Eur 0.8026 because we need in USD so 0.8026 x (EURUSD exchange rate)
    = 0.8026 x 1.4088 = 1.13 usd/ pip for e/j 0.1lot

    (.0001/1.4088) x Eur10,000 = Eur 0.7098 because we need in USD so 0.7098 x (EURUSD exchange rate)
    = 0.7098 x 1.4088 = 1.00 usd/ pip for E/U 0.1lot
    This is in fact a phenomenon you will see with any currency in which the currency is quoted first (such as EURUSD, GBPUSP, or AUDUSD): the pip value is always $1.00 per 10,000 currency units.

    (.0001/1.5461) x GBP 10,000 = GBP 0.6467 because we need in USD so 0.6467 x (GBPUSD exchange rate)
    = 0.6467 x 1.5461 = 1.00 usd/ pip for G/U 0.1lot

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    Default

    Thank You very much! That's so useful formula!
    So now no question
    Thanks so much!

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