+$42 on USD/JPY Z7 - Anyone else?

Posted By: tomtom2014

+$42 on USD/JPY Z7 - Anyone else? - 02/10/16 05:32

Hi all,

I just made $42 on USD / JPY on Z7.

Anyone else?

Thanks laugh
Posted By: Veratyr

Re: +$42 on USD/JPY Z7 - Anyone else? - 02/10/16 05:39

The amount here depends on too many things for other people to match yours. I made $12 on USDJPY a few hours ago but I'm trading with different margin and leverage.
Posted By: tomtom2014

Re: +$42 on USD/JPY Z7 - Anyone else? - 02/10/16 07:49

I'm trading with 500:1 leverage and 60 on margin slider.
Posted By: Veratyr

Re: +$42 on USD/JPY Z7 - Anyone else? - 02/10/16 22:01

Is this on a real account? Are you aware that the standard capital requirements and such quoted in the manual are for a 100:1 leveraged account?

With the margin slider at 60 and an account leveraged at 500:1, you're looking at volume of $30000. The figures in the manual are 50 on a 100:1 leveraged account, for a volume of $5000. You're trading 6x as much as the quoted figures and should expect most of the numbers in the manual (particularly required capital) to be roughly 6x as well. For Z7 that means you need ~$3600 capital. With the 2x required capital recommendation, that's $7200.
Posted By: tomtom2014

Re: +$42 on USD/JPY Z7 - Anyone else? - 02/11/16 08:06

Thank-you. I did not realise that. Where did you find this information?
Posted By: Veratyr

Re: +$42 on USD/JPY Z7 - Anyone else? - 02/11/16 16:24

This and most other things I know, came from the manual (particularly the Z-Systems and Income pages).
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