Hi David. I'm brand new to trading and I'm a little confused. First of all, I think my version of the demo software is set up for mini account trading, as my 'Amt K' menu options go from 10 to 1000 and my cost per pip is $1. Is there a way to change this setting?
Another thing I'm having trouble with is the used margin amount. If I open a 1 contract position (10K) on the USD/EUR pair, my used margin amount is $500. If the leverage is supposed to be 1:100, why isnt this amount $1000? Is my leverage simply set to a different ratio? If so, how can I change this?
I clearly need some help.