|What I mean is I think some brokers have different requirements to short a full lot. Forex.com has two main tiers of requirements, most of the main pairs are a 2% requirement, which the EU is in that group. There are others that are a 5% requirement, some lesser known pairs and there are a few which are even higher.
Posted: 5/27/2012 7:22:01 PM
So on a 100k Eu/US short you need to have 2000 to short a lot (100k * .02)
The point is that every lot you short or buy, every pip that goes against you hits your equity up or down..so if you have one lot then you are up or down 10 bucks each pip.
If you have two full lots then each pip up or down is 20.
So think about it, if you have 2 lots and each pip is 20, that means you will be blown out at a loss of 100 pips, which can happen EASILY and it does happen.
I would suggest if you want to start with 2000 that you go with a mini lot and grow your account upwards then when you have more you can move to a full lot account.