How To Get Rich and Happy With Forex?

Step 5: Learn to trade using real money

Target: Multiply the $5 bonus money in one month

After fell the trade with virtual money, now the time to try using real money with the $5 bonus money.

How to count the Quantity and the profit in one pip?

Because you have $5 then your maximum quantity that can be use is 500, but you don't use all of these quantities, use only 100 quantity. It is same as 20% of your $5 deposit money, you must have margin to hold some loss position.


FOREX WORDS

Quantity = The term that Marketiva use for allocated money in one transaction (quantity = the allocated money multiply by 100)
Margin = The pips availability for loss position, the amount of minus position that can be holding on all transaction at same time.
Margin Call = The transaction stop action when the margin less that 1% of deposit money.


To know how much maximum quantity of your money, you can multiply it by 100, if you have $5 then multiply it by 100 and your maximum quantity is 500.

To know how much profit that can get each pip base on the quantity that you allocated, you must look the currency pair that you use. For EUR/USD and GBP/USD divide it by 10000, if your allocated quantity is 100 then divides it by 10000, and your profit for each pip is $0.01.

If you allocated 100 quantities and in each day you have 20 pips ($0.2) then in one month you will get total $4, that equal to 80% of your $5 money, larger than bank interest for money savings and deposits.

It is different for other currency pair; you can learn the differences by look at the table on Streamster.

ATTENTION


Allocate the quantity in proper price; don't allocate more than 20%, for beginner use only 5% to 10% of your deposit fund.

Don't be greedy to get high profit, set your target for 10 to 20 pips daily, it is enough for beginner; don't forget to set the SL on each of your transaction.

How to count your margin availability

Look at Portfolio window on bottom left of Streamster:


Margin


In this example you can see the transaction of EUR/USD with 100 quantity is get the profit -2.50000 (US Dollars) in Live Trading, that mean this transaction is in loss position.

From total deposit of 5.00000 US Dollars,
Live Trading using 1.00000 US Dollars margin (100 quantity),
with the available margin is 1,50000 US Dollars (150 quantity),
get total of profit -2,50000 US Dollars (250 quantity).

That mean you get -250 pips loss position.

If your position is not increased and become more loss until -395 pips, that mean your margin is under 1% of total availability. And your transaction will be closed automatically by Marketiva, this window that called Margin Call will pop up.


Margin Call


Keep record your trading development in this month, and if you fell that your skill is increased, become more expert than before and can make the $5 bonus money greater, so this is the right time to add your deposit money, please open the next page.



7 Easy Step How To Signup and Start Trading


 
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