Hello guys, I am just starting in Forex, and I suck at maths and well.. I need your help to understand things better. I have an account of 100$ for starter, and i'm running an EA that is most likely a scam but well, it works until i understand things, i'm trying to figure out the lot sizes, like I tried 0.08 and I got cents in return which is terrible, and it doesn't trade much like barely one trade a night or nothing at all, i'm not sure how to raise my trading and profit but still stay on the safe side. I have 2 options in the EA: Lot size, and LotsRiskReductor, I'm not sure what to fill out in there, all the formulas just dont seem to get in my head. So I'd appreciate it if anyone of you can help me understand how all the formulas work to know which lot size I can use and what my profit is going to be if I used xx lot size. Thanks.
It looks like some forex brokers have been offering micro lots (1/100th of a standard forex lot) for a while now. Is anyone aware of platforms that allow trading of small/fractional options contracts? It strikes me this could be a good compromise between paper trading (no skin in the game) & trading traditional 100 share lots (more skin than is comfortable) for newbie traders...
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Forex trader looking to start trading Crytpo as well (help with brokers and lot sizes?)
Hey there -- I'm no stranger to trading. I trade Forex and Futures. I'm also not a complete newb to cryptocurrency in general, but I am when it comes to actively trading it. To me, it just seems like Forex but with crypto and I'd really like to start building up my crypto holdings by "trading up" my account rather than solely just converting cash into crypto over time. What is confusing me a little bit is lot sizing, leverage, and the right brokers to use. I was eyeing CryptoAltum if anybody has experience with that? Although I'd prefer something I can trade with Tradingview (my preferred charting / execution platform). Aslo -- lot sizing. With Forex it's pretty simple... 1,000 = micro-lot (approx. 10 cents per pip value on majors) 10,000 = mini-lot (approx $1 per pip value on majors) 100,000 = standard lot (approx $10 per pip value on majors). But how is lot sizing determined with Crypto pairs? I'm interested in trading crypto-against-crypto (for example LTC/BTC). Is there an online calculator somewhere where I can easily determine the value per pip (or "tick"?) based on leverage and lot size? Sorry if this has been answered a bazillion times.
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Forex is commonly traded in specific amounts called lots, or basically the number of currency units you will buy or sell.. The standard size for a lot is 100,000 units of currency, and now, there are also mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units. Lot in forex is the name of the position size of each trade. A micro-lot consists of 1000 units of currency, a mini-lot 10.000 units and a standard lot has 100,000 units? The position size of a trader depends on the size and type of lots that are bought or sold while trading. Forex Lots . When trading currencies, there are micro, mini, and standard lots. A micro lot is 1,000 of the base currency, a mini lot is 10,000, and a standard lot is 100,000. When you first get your feet wet with forex training, you'll learn about trading lots. In the context of forex trading, a lot refers to a batch of currency the trader controls. The lot size is variable. Typical designations for lot size include standard lots, mini lots, and micro lots. The Nano Lot in forex trading is the smallest forex lot a broker can offer in today’s market. But be noted that not all forex brokers offer to trade in forex nano lots. Most of the brokers offer up to forex micro lot only. The value of forex nano lot is 100 units of your account's currency.
#forex #forexlifestyle #forextrader Want to join the A1 Trading Team? Follow along with trades taken by our top trading analysts, join our trading chatroom, ... Everything you need to know about lotsize, leverage and margin. If you want to learn more, download my free trading system plus much more, visit: https://www... Welcome to video #5 of Forex Trading for Beginners - what is a Forex lot size. This is a free (step by step) trading course that teaches you the essentials o... Trading units (aka lots, aka position size) is one of those trading terms that seem simple but can be quite confusing for someone who’s just come into the tr... Hey everyone! This is the second video in my forex series! If you like the video make sure you comment like and subscribe to my channel. If you have more que...