Hello, Do you know any brokers who are ECN + MT4 + 4 decimal? I am using ibfx, but I really hate and worry about the quote price in 5 decimal. It will make any obsession to me. I want to move out my account from them. Please kindly advise.
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DislikedHello, Do you know any brokers who are ECN + MT4 + 4 decimal? I am using ibfx, but I really hate and worry about the quote price in 5 decimal. It will make any obsession to me. I want to move out my account from them. Please kindly advise.Ignored
DislikedAre there only one broker is ecn + mt4 + 4 decimal? I am testing the demo for PFGBest. But pfg is only 1:100 for margin...and they have not live chat. Any ecn + mt4 + 4 decimal with 1:200 margin?Ignored
DislikedWhat are you going to do with 1:200 margin? Put a 3 pip stop loss for every trade? Otherwise you are risking more than 5% of your account / trade.
Are you sure you want to do this?Ignored
DislikedSo you are saying that if I buy 1 lot at 1:100 leverage and close it out with a 30 pip loss that I will lose less than if I buy 1 lot at 1:200 leverage and close it out with a 30 pip loss????
Leverage only becomes risky when multiplied by greed.Ignored
DislikedYou have a common misconception about leverage and risk management.
First off you should never buy 1 standard lot with a 1k account. You would very quickly move into a margin call when price moved against you even a few pips as your available margin would fall below the requirements.
So assuming the same 1k account size and a modest 2% risk we have $20 to risk per trade. Our stop is 20 pips so we have $1 per pip to risk. That means we can buy 1 mini. That value does not change because the available leverage is higher. Don't look at how much...Ignored
Disliked
size your trade according to the logical stop-loss level so you can only lose 2% of your account (not the 3% everyone says)Ignored