result by 10 to get the micro lot pip value. Therefore, the risk of the trade for one standard lot is 1000 (100 pips X 10 per pip 100 for a mini lot, and 10 for a micro lot. Each trade could have a different stop loss, so it is better to have slightly more leverage than not enough. 5 mini lots is 50,000 worth of currency, so some leverage is needed (only 10,000 in the account). 5 mini lots cost 50,000, so leverage of 10:1 is required to take this trade.
Keep in mind that if you have a USD account, and the USD is the second currency in the pair (i.e. Money Management and Leverage, before discussing leverage, we need to discuss risk management, because the two concepts are linked.
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Leverage is good, but can also be devastating if used incorrectly. Many day traders also swing trade. When a forex pair is moving a lot most experienced traders find it easier to jump in and out for quicker profits. Pip value is also affected by which currency your account. Scalpers usually risk a small amount (in terms of pips) on each trade.