05-19-2006, 12:18 AM
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Super Member
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Quote:
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Originally Posted by orange
okay, panda- we're both wrong LOL--- here's how it works at fxcm.com:
i just got off live chat with them and they explained it. the money we see ourselves making is real, in the full amounts. when you open an acct with them, their policy is to give you 200:1 "leverage". this is not the same as "margin", like we put up for stocks. we do not have to put this capital up ourselves- they do.
heheh- of course, the downside is that it also works in reverse- that $700 you made and that $800 i made? if the play had gone equally south, that's also how much we'd have LOST. so is important to set stop loss imo. and to watch closely.
glad you challenged me on it-- now we both learn something.   |
yea i remember reading about that 200:1 or i think called it 0.05% margin also but that makes sense. the other day in our chat i was saying that my $300 would be equivalent to $60K in some way but i dont know if either of u read it lol and i guess it is true now since u just posted it hahaha. i was thinking about that yesterday how it would be much easier if it was just like that but i didnt read all of it cuz im lazy but now u cleared it up. whoo hoo!
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fool me once shame on u. fool me twice shame on me. 
"what a tangled web we weave when first we practice to deceive." 
something i always say is "technology is what will lead us to our doom"
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