Can anyone tell me how to properly open a 100 dollar demo account?
- How to open real trading account?
- I don't understand how people got trade on mql5
- Experiments with MetaTrader 5 at Discovery
I have a plan to open a real account with 100 dollar. before opening it i want to practice it on a demo account for 6 months. I have open a 100 dollar demo account on pc but whenever i try to open a trade it says you have no money. please help me.
Not enough money, means that you are trying to open a larger lot size order than your free margin allows.
Try with a smaller order size, for example 0.01, 0.05 or 0.10.
Not enough money, means that you are trying to open a larger lot size order than your free margin allows.
Try with a smaller order size, for example 0.01, 0.05 or 0.10.
Many thanks for replying. Sir, I tried with 0.01 but it says not enough money.. can you explain "larger lot size order than your free margin allows"
How much $ is your demo account and what leverage do you have?
How much $ is your demo account and what leverage do you have?
Sir, 100 dollar account with 1:3 leverage
1:3 leverage is too small for opening a 0.01 lot order with a $100 account.
0.01 lot means 1000 units of the base currency, so you need to either increase your balance or your leverage.
Sir, 100 dollar account with 1:3 leverage
With that leverage you would need around 300 $ to open position with 0.01 lot size .Increase the leverage or increase the balance and problem will be solved.
1:3 leverage is too small for opening a 0.01 lot order with a $100 account.
0.01 lot means 1000 units of the base currency, so you need to either increase your balance or your leverage.
ohh, I understand.. Then sir, what leverage will be suitable for growing a 100 dollar account with 10% growth per month?
In order to open that 0.01 position, try with 1:5 or 1:10 leverage.
For the growth part, leverage is not the factor to focus on.
With that leverage you would need around 300 $ to open position with 0.01 lot size .Increase the leverage or increase the balance and problem will be solved.
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