Can a £5 Account be Profitable - Page 4
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Thread: Can a £5 Account be Profitable

  1. #31
    I love to post charts but my little 20 pence wins wont create good viewing so here is a trade taken on an additional account.


  2. #32
    Quote Originally Posted by ;
    quote My MT4 must be broken because it is allowing me to trade with my #5 equilibrium
    And Admiral Markets is wrong in their explanation regarding margin requirements !

    So, anyhow, what is good, that's what you wanted to do in the start!

  3. #33
    Quote Originally Posted by ;
    0.1 DAX lot = 10000 components of your base currency = #10000 10000 / 500 (leverage) = #20 You want #20 on your account to trade your 0.1 DAX lot
    Well my MT4 has to be broken because it is allowing me to trade with my #5 equilibrium.

    It's CFD not standard lots.

  4. #34
    0.1 DAX lot = 10000 units of your base currency = #10000
    10000 / 500 (leverage) = #20

    You need #20 on your account to Exchange your 0.1 DAX lot

  5. #35
    Quote Originally Posted by ;
    Hi wizlon, possibly with your leverage, your 5 pounds did not represent sufficient margin to exchange?
    Yes it does. I have 1:500 leverage and that I will exchange 0.1 on Dax.

  6. #36
    Hi wizlon, possibly with your leverage, your 5 pounds didn't represent enough margin to exchange?

  7. #37
    Slight teething issue. Seems Admiral Markets didn't like the fact that deposited #200 to start a new account then withdrew #195.

    Tried to start a brief on Dax a few minutes ago and obtained a trade handicapped message.

    Seems like I am going to need to put the 195 back in and then try opening a position. Then hopefully I can withdraw again and move from there.

    Would happen to be a fantastic 1st trade if it had functioned also!

  8. #38
    Trial 1, Day 1 will be tomorrow Thursday 12 April (if I could as my principal interest is trading my primary account while doing my normal job).

    I will be seeking to scalp only a little number of pips per transaction. My aim is to end the day at the green.

    I will not have a set profit goal and I will not have a set a set stop loss. I will just fly by the seat of my pants and expect to generate some cash.

    Should I think my commerce is really a loser I might just close it manually. When I've any profit on the desk I could just grab it and operate even if there is potential for a bigger profit.

    I'm only searching for smaller wins at this phase.

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