How to change leverage on a demo account
I've got some really basic questions which, after some quick searching, I haven't found the answer to. Every where it's explained seems to presuppose prior or additional knowledge that I'm missing, so please bare with me as I ask really simple questions, or point me to a really, really, take-nothing-for-granted explanation!
I've learned the basics of risk and money management, analysis, and have a simple system I'd like to test in a demo account. Now it's time to figure out the mechanics of placing trades and punching in the right numbers.
I'm using IG's Workspace. I've started with 9, GBP.
Leverage helps a trader to increase exposure. This article will analyze steps on how to increase leverage on mt4 and how to decrease leverage on mt4 for different brokers. If you want to change leverage on the MT4 platform, you can make modifications only on your broker website.
Correct me if I'm wrong. Okay, so I guess I can buy a 10, yen position which is equal to 10 points.
First time trading on MT4?
Am I correct so far? Now, is this position leveraged? What leverage am I using, and where is that displayed?
Is that leverage factored into this price? Also, how much is "1 point" on the chart? How can I confirm that I have the right values before placing a trade? Hi, leverage is the amount of margin used, look through the IG Academy need to be logged in for more.
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The deal ticket is buying 'at market' instant execution while the order ticket is for placing a pending order in the market to be activated when a specified price is reached.