broker stop out level
what do u think ? your broker will wait until your balance should be negative ? Of course no, they'll close your open position a lot before based on the broker's agreement with the client...
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This certainly is not the most appropriate place for my post but I am sure it's gonna be of interest for many of us:
Actually, it's said that in Forex you cannot lose more money than you have on you r trading account. But is that really the case? I mean, sure you're stopped out at one place and the positions are closed by the broker automatically but what happens if in a situation the broker is not able to close the positions early enough. What happens then? Has that happened to you yet? I mean, probably the broker is not paying for the difference, is he?
Thanks for any input,
Daniel.