Quote from TradingWise:
I don't know about margin calls, but I doubt if what the other guy said is correct. Mind that you are liable for the funds in your account. If you take on a 150k position in the example above, this would not mean you could maximally lose $250.
Quote from uninvited_guest:
I assume I'm "the other guy"? If so what I say about Refcofx accounts and margin calls is 100% correct. I trade a live account.
A 150K position, with no stops, will cost you $750.00. If you have $800.00 in your account maximum loss is $50.00. If you have $2000.00 in your account maximum loss is $1250.00. The amount of dollars you put into your trade will not be lost.
Grrr.... what do you mean by "stops are not guaranteed anymore"? Many brokers claim that stops are honored as they are, and a handful of forex guides claim this as well - are you saying that these brokers/guides are incorrect? Based on what, if I may ask? These are disturbing news for me...Quote from TradingWise:
I'm not saying you are incorrect, it's just strange as stops are not guaranteed anymore. This trick would effectively allow you to place guaranteed stops.
Quote from DannyBens:
Grrr.... what do you mean by "stops are not guaranteed anymore"? Many brokers claim that stops are honored as they are, and a handful of forex guides claim this as well - are you saying that these brokers/guides are incorrect? Based on what, if I may ask? These are disturbing news for me...