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jonpearce1 (By jonpearce)
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jonpearce1 Discussion
Apr 29, 2012 at 06:22
Member Since Sep 19, 2011
84 posts
sim3j posted:
This account looks really risky. Trade´s sizes are big which could eventually make you loose all your money.
NO1 has a S/L of 3 pips. With spread compensation set to True the S/L is around 4 pips or less. Worst case scenario lets say 5 pips. The account is leveraged at 500:1 so equity is not an issue. At 2 lots per trade the max loss would be $120 including the $10 commission. No1 has never had more than 2 losses in a row so max risk is $240 with 2 consecutive losing trades. I can live with that 😄
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Member Since May 02, 2010
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