Ok, so here's my question.
Account as follows, $5000 initial capital.
1:100 leverage
100k lot dimensions
a pip=$10 P/L
EURUSD requires about $1300 to be held margin per lot.
So a margin call happens if equity drops below required margin of 1300.
That renders $3700 left. Would that mean I would need to shed 371 pips($3710) if I purchase 1 lot before my position is closed?
With daily market volatility for EURUSD being roughly 175 pips, purchasing 1 lot per $5000 will give me enough space to place a safe stop right?