Hi,
I am kinda of a noob trading with Forex.
I am using Interactive Brokers but never traded the Forex there yet.
Do I understand it correctly that the leverage is 20?
So if I open a position on the EUR.USD, my "margin" is 1000$ for 1 position of 20K $?
And 1 pip is then 2 $?
Hope someone can clear this for me, thanx in advance!
regards Mik
(sorry for my bad englisch)
I am kinda of a noob trading with Forex.
I am using Interactive Brokers but never traded the Forex there yet.
Do I understand it correctly that the leverage is 20?
So if I open a position on the EUR.USD, my "margin" is 1000$ for 1 position of 20K $?
And 1 pip is then 2 $?
Hope someone can clear this for me, thanx in advance!
regards Mik
(sorry for my bad englisch)