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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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I probably varies, but here is the info from EForex.
Min account $10,000
Day trade margin $1,000 per lot.
Lot value varies depending on price but is approximately $75,000 - $100,000
There pip value varies from $7.5 - $10.
You will notice this corresponds to IMM contract size.
EForex only trades 4 major currencies. Some of the others may trade all
currencies.
Hope this helps answer you questions.
Paul Weston
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