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Thread: Paid Wrong? Please Help Admin!

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    Default Paid Wrong? Please Help Admin!

    Hi, I have a problem with the amount ive earned. I have an account leverage of 1:100.

    I deposited 64.59 USD into my account and then on metatrader it appeared as 6459 with a $100 bonus.

    I only have 64.59 in my account, why does it change to 6459 USD in metatrader?

    I then earned 17.22, 19.48, 16.84 and 11.73 USD.

    But in my account it only changed to 66.23USD.

    Why did the money i make get added to the wrong column?

    It should have been 66.23 + 17.22 + 19.48 + 16.84 + 11.73 = $131.50

    Please Help.

    Accout Number: 168636

    Thanks

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    Mainly you are micro account owner so your account appear in cents

    11 cents = 0.11$ .. 60$ = 6000 cent

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    Thanks for replying. So i should open a normal account? Would that change the values to dollars?

    Also If I lose my real amount of 66.23 in a trade for a while would the trade close or will the brokers money still help me with a leverage of 1:100.

    Thanks
    Last edited by nonamer; 03-13-2009 at 12:59 AM. Reason: back to back post in short time

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    Quote Originally Posted by simba7 View Post
    Thanks for replying. So i should open a normal account? Would that change the values to dollars?
    Hi

    Micro account are indicated in cents,
    ---->
    Trading volume from 0.1 micro lot, 1 pip is 1 cent approximately(1 micro lot = 1000 points of the base currency) *balance on micro accounts is indicated in cents.


    Thanks

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    oh ok. So in order to earn dollars instead of cents do i have to upgrade to standard?

    Basically I want each pip to be 1 dollar at least. How do i do that.

    I understand now. thanks for all your help guys.
    Last edited by nonamer; 03-13-2009 at 12:53 AM. Reason: back to back post in short time

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    Quote Originally Posted by simba7 View Post
    oh ok. So in order to earn dollars instead of cents do i have to upgrade to standard?

    Basically I want each pip to be 1 dollar at least. How do i do that.

    I understand now. thanks for all your help guys.
    Hi

    U dont need to upgrade, even in cents its still good money ... 100cent are equal 1usd. when u want to request withdraw its will count in USD.

    So if u want to trade 1pip/1usd just trade with 10lot micro account. That will give u value pip are 1pip/1usd. Its better to trade in micro if u still new in forex, because u can change u pip value from time to time depending on u balance or u analysis give the strong signal or not. Maybe if the signal not so strong u can trade 10cent/1pip or maybe 5cents/1pip because that only can do on mirco account. Standard account minimum are 0.1lot standard account equal value pip are 1usd/1pip. Just my 2cent n suggestin. Its up to u now.

    Thanks

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    Quote Originally Posted by simba7 View Post
    Thanks for replying. So i should open a normal account? Would that change the values to dollars?

    Also If I lose my real amount of 66.23 in a trade for a while would the trade close or will the brokers money still help me with a leverage of 1:100.

    Thanks
    Hi

    Maybe u can get the answer from here (Bold question)-->
    http://forum.fxopen.com/showpost.php...40&postcount=2
    http://forum.fxopen.com/showpost.php...92&postcount=7

    Thanks

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    Thanks for the info. I cant trade 10 lots in metatrader. it only goes upto 8 lots. Ive opened a standard account and will just trade in 0.1 lots.

    Thanks for your help again.

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    Quote Originally Posted by simba7 View Post
    Thanks for the info. I cant trade 10 lots in metatrader. it only goes upto 8 lots. Ive opened a standard account and will just trade in 0.1 lots.

    Thanks for your help again.
    Hi

    U can type on that column how many lot u want, the maximum are 1000lot.

    ** Note for u, if u use leverage 1:00 on standard account its will take a lot margin requirement to open pair. So with 66usd balance u have its not enough margin to open any pair with leverage 1:100.

    I give u an example --->

    -------------------
    standard account ------>
    Formula : Price x lot / leverage = margin needed to open pair

    example euro/usd - leverage 1:500 - 0.1lot - 1.5787 x 10,000 / 500 = 31.57$ margin needed to open pair
    example euro/usd - leverage 1:100 - 0.1lot - 1.5787 x 10,000 / 100 = 157.87$ margin needed to open pair

    Micro account example ----->

    example euro/usd - leverage 1:500 - 10lot - 1.5787 x 10,000 / 500 = 31.57$ margin needed to open pair

    example euro/usd - leverage 1:100 - 10lot - 1.5787 x 10,000 / 100 = 157.87$ margin needed to open pair

    Thanks

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    Thanks i didnt know you could do that in meta trader.

    Wouldnt i make less money with leverage 1:500? or am i mistaken.

    I thought that I would lose more money with a higher leverage if i were to lose a trade?
    Last edited by simba7; 03-13-2009 at 03:05 AM.

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    leverage effects the margin requirement you need to maintain to keep the position opened .. the higher the LOT the more money you win/lose per PIP


    Learn before you trade real money

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    How does leverage affect your losses?

    Wouldnt i lose the same amount if I were to lose a trade with 1:100 and 1:500?

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