I've opened an Standard account on forex?

Question

With an initial deposit of $275. Can someone please suggest what leverage should I use on that amount. Thank you.

Answer 1

With such a small account, if you use any kind of leverage you will probably lose your money fast. Even if you trade just a micro lot account, you'll lose all your money with just 275 pips loss.

Unless you have some experience, you'll start by losing much more than 275 pips.

Answer 2

you don't have enough money to play that game... sorry.

Answer 3

With pip = $1 you don't have a standard account; you have a mini account.

Answer 4

I dont' think you can trade the standard account with the capital of only $275.  $10 per pip. If the market is 24 pips against your position plus the spreads, your account will be wiped out instantly.  Change it to the micro account to make your game last longer..........