In the last episode, we discussed a puzzle
about the minimum account opening (you can check it here) and found that the
minimum $ 50 is a highway to loss
So what is the minimum?
The minimum is the amount you can use to open
10 trades at a time with a leverage of 1 to 500 and with a stop loss of 3500
and a profit of 2000, and to calculate that, suppose you opened twenty
transactions for major currencies, you will find that the margin used is $ 20,
To reach stop loss levels for 10 positions is 3500 pips multiplied by twenty
deal = $ 700
This means that we will have about seven
winning trades versus three losing trades
This means that you will have a profit of $ 140
versus three losing positions of $ 105 within the normal range of pairs during
the trading week and therefore you will have a profit of $ 35
To achieve this profit we needed a reserved
margarine of $ 20
And a reserve to cover the loss (you can deal
with it as if it were a fee, tax or trading requirements) of $ 105
Is that just what we need?
No, we will need more, we will need the same
margarine reserved multiplied by five times until we move away from the Margin
and the automatic closing of deals followed by some of the brokers and this
means an additional $ 100
Therefore, we need to open the account with a
minimum of $ 225
Provided that we commit to a number of
transactions not exceeding ten micro transactions
And to stop loss and make a profit consistent
with the trading periods indicated
You may also be charged a transfer fee to and
from the appropriate broker
And remains the most important condition for
the success of trading and is completely away from the idea of doubling the
account within a few period is the subject of the next episode average monthly
profit of Forex statistically
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