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ADD positions??
I wanted to know what everyone thought about adding new positions in other pairs?I see oppurtunities in other pairs namely USD/CHF,USD/JPY again ,EUR/JPY GBP/USD and maybe AUD/USD.I would not trade all these pairs at once and some seem more ready fo action than others.
What would be the best way to go about this.Should I close all positions and start new positions? Though I feel my current positions are good and have more juice in them.
Perhaps I can unload and open a new one for each pair when the oppurtunity arises.or unload some of the lots in each pair and keep the largest
I also wanted to clear something about the margin.Now the margin is how much we have toput down to get leverage right?For most brokers it's 1% with 100:1 leveraging which is what I am using.
But what is free margin?? is this extra margin you get from your profits. i've knoticed that the margin + free margin = equity. and equity=P/L + balance deposit.So does this mean I can take on trades based on the fact I have an open 220-250 grand.That could possibly mean i can keep my current positions.Does any one have an answer for this one or suggestions?
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