So I have been trading nothing but Binary options and now I'm getting into Forex. I am currently utilizing FXCM demo account but I have a few questions that I was wondering if that community could help me answer.
1. What is margin call and how can it be used? I've observed the 1:1, 25:1, 50:1 and all in between. What's the best one to use?
2. In my understanding, in case you have a little account balance and your transaction goes too far from the gap, it auto sells it, just how exactly does this work?
3. My end goal is to get a account balance to have a transaction up to -35 pips max with no auto settling. What type of balance and leverage do I need to achieve this?
Except for its Rookie talk and thanks in advanced!
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