The Ibox should have all the info for ya....welcome to the board...I suspect this'll be occuring "a lot" (pun INtended) over the next several days as folks grab their fxcm/cnbc $$$.
Micro lots cost ya $2.50 & that gets ya .10 cents per pip.....if u r with fxcm then you can only be on 400-1 leverage..nothing less.
So 1 micro @ 2.50 will allow you 10 lots....careful tho....no more than 1 lot per trade...dont try & attempt any more than that....unless you're aware of all the correlations u r destined to hedge yourself...& if you dont happen to hedge yourself....you run the risk of losing your $$$ even faster if u get into a trade/positions that go against ya. Best to keep it simple & if ya find u r up .50 cents to $1 on any trade..take it & move on to the next opp.
try & build the acct up slowly so as to create a decent cushion...then over time u could consider taking larger risks...more pips, larger lots.
if ya dig hard enuff here u wull find lotza good info...but do take a gander @ the Ibox 1st.
Oh & yes....def trade the euro/us....or any pair that has very low spreads....high spreads will kill ya...especially @ fxcm as ya never really know what u r gonna be gettin...they are changing every second.
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