H_Abiad wrote:
Hi,
you limited the trading lot size to 5 million which is good thing to do, but why you didn't limit the total open positions to 5 million???
I am trading one currency pair only, it means i can only have 5m, other traders can open up to 25m in total for 5 pairs.
is this fair??
this means even if I have all my trades winners (which i do have) I will never be able to compete.
I do not think this is fair.
you should limit the total open positions to 5 million not per currency pair.
thank you
We believe that fairness is respected since every trader has access to the same leverage and to the same lot sizes. The fact that certain traders use multiple instruments, but others stick to some particular ones is a matter of personal choice and is not a result of limitations imposed by Dukascopy.
Ultimately, a 5 million trade is already 50% of the initial leverage, so one won't be able to open 5 full pairs unless he seriously raised his capital.
Besides, we remind again that the belief about performance being key in the trader is a serious misconception. You do not have to have the biggest capital to win (please refer to the previous month's standings for a reference). What you need is consistent trading and sound justifications as well as popularity (which is actually the derivative from the previous two and your activity on popularizing your account).