Hi Jason Rogers,
I take it that applies to both entry and exit unless you use a "Market Range" entry for price certainty? Do stops (normal and trailing stops work on the "At Best" principal then, after the price crosses the initial stop threshold?
Another thing I forgot to ask...is it possible to hedge your own trades by creating an order for the other side. If so, how does this impact FXCM's strategy to automatically hedge trades?
And another
, with regard to the margin rates, how does this relate to bets per pip in spread betting. For instance, in the FXCM guide I outlined in a previous post, it says the MMR (Minimum Margin Rate) for...let's say AUD/CAD (the first in the list), the MMR is 40GBP, which is supposed to relate to a lot size of 10000. Does that mean if you bet on AUD/CAD at £1 per pip? If so, then a bet of £10 per pip would require a MMR of £400? Am I getting this right? Also, why is it called Minimum Margin Rate? Does it change based on certain factors? If so, what would cause the margin rate to change?
Following on from that, I noticed that some of the currency pairs require around 4-6 times more margin per 10000 lot. Is that solely down to liquidity in that market, or are there other factors involved?
Thanks for all you help so far.
LBP