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Hi Conrad,
In my previous post I didn't mean that $100,000 was recomended to open an
account. I think that an account of about $10,000 to $20,000 should be
enough to withstand a drawdown and keep you trading.
Simon Trevor
>To: realtraders@xxxxxxxxxxxxxxxxxxx
>From: Simon Trevor <s335159@xxxxxxxxxxxxxxxxx>
>Subject: Re: forex trading site
>
>$100,000 is the smallest dealing size that I know of in forex(It has only
recently dropped to this). The forex market is quite volatile. For an
account this small you would need to do very short term trading, and cut
losses very quickly. I would not recommend trading with an account this size
if you have not traded in forex before.
>
>Regards,
>Simon Trevor
>
>>Paul Weston wrote:
>>>
>>>
>>> You can buy any amount of currency that you want to as opposed to a fixed
>>> amount like the IMM. You could by $100,000, $500,000 or $1,000,000,
>>> whatever.
>>>
>>>
>>
>>
>>Is this a viable avenue for a small account holder? I have a $5k acct.
>>Currently (in addition to other futures) I only feel I can do Canadian
>>and midam BP where I can get for the BP a contract size of 12,500 BPs.
>>(I base this on a nominal risk (to the stoploss) of <= 5-6% and margin <
>>10% of acct.) Can you do forex in $10,000 size with margins of ca. $400
>>(4% overnight margin was mentioned)?
>>
>> Conrad Bowers
>>
>>
>
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