Hi
I am new here and wanting someone to enlighten me about the picture I attached regarding Forex trading.
What does buy 3.33 means? Is that the margin of 333,000:1 ?
Thanks in advance
View attachment 21852
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the 3.33 represents the trades lot size....
3.33 standard gbpusd lots in my accounts requires free margin of 8025 $ ...... so the 5 open trades your screenshot account would require me over 40,000$ in margin required.... that value changes .....
lot size versus notational size can be very confusing..... it's not always simple math..... and margin required can be also..... other factors come in to play.....
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the most important aspect, to me, in that screenshot is someone
bought 16.65 standard gbpusd lots on the back of 6 hard down days on a friday the 13th..... with a 5 pip profit target...... seems kinda risky.....
a 5 pip counter trend profit target might be perfect in some situations..... but consider what those same trades could have made following the trend the prior 5 days.....
just out of curiosity,
nothing more, it would have been nice if whoever made the screenshot would have supplied another of this weeks results.....
high risk counter trend trading has some warm sunny friendly days......
often followed by some cold dark lonely nights.......h
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