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General questions What is a standard account?
avatar Annaliese
Question by: Annaliese - 04 Aug 2012, 07:07:26
What is a standard account?
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Answers (3)
avatar user 405
Answer by: Nigero - 14 Aug 2012, 09:44:14

Although there are some standard forex accounts wherein you can open it with only $1,000 as deposit, majority of the brokers require standard accounts to have an at $10,000 deposit. For standard accounts, the least pip fluctuation is $10, and the size could have a minimum of $100,000, giving a leverage of up to 100:1.

 

avatar user 406
Answer by: Nigero - 14 Aug 2012, 09:44:39

Although bear in mind that while leverage multiplies your profits, it also multiplies your loss, that is why if you have a high-leveraged account and it is in a losing market position, your open positions might be automatically closed. That is why, most brokers only recommend a leverage within the 4:1 to 20:1 range, as it is closer to the ideal situation of earning.

avatar user 5004
Answer by: Joseph - 11 Mar 2015, 05:31:25

A principle that guides and standardizes accounting practices. The Generally AcceptedAccounting Principles (GAAP) are a group of accounting standardsthat are widely accepted as appropriate to the field of accounting.

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