Papertrading Forex order rejected problem

Discussion in 'Interactive Brokers' started by decam, Apr 19, 2021.

  1. decam

    decam

    Hello, I am trying to understand how to place a Forex bracket order and are having some issues with, what i think is contact size problem. see screenshot order rejected.png

    I am new to this platform so any tips on how to fix this problem would be much appreciated!
    D
     
  2. The error message is printed in red: there is insufficient cash in the account.
     
  3. decam

    decam

    This is a paper trading account with $1m monopoly money, down the bottom under "margin impact" there is plenty of "cash"??
     
  4. You bankrupted a paper trading account. Now imagine how you will perform with a funded account. Trading is not for everybody.

     
  5. That depends on how much of the $1 million you have already in use for other trades. And thus how much margin is still available to have this forex trade on top of the other current positions and their margin requirements.