Lot Sizes
maple:
Could someone please give me a quick, simple explanation (no lengthy outside links please!) on how lot sizes work? I always seem to get myself confused every time I want to trade, and the lot sizing concept actually discouraged me to get my feet wet a long time ago, though I am very good at technical analysis. I'm planning on getting back into forex.
Could someone please give me a quick, simple explanation (no lengthy outside links please!) on how lot sizes work? I always seem to get myself confused every time I want to trade, and the lot sizing concept actually discouraged me to get my feet wet a long time ago, though I am very good at technical analysis. I'm planning on getting back into forex.
Lots are calculated based on the Standard Lots
1 Standard Lot = 100,000
In 1 Lot of EURUSD you have 100,000 Euros
Could someone please give me a quick, simple explanation (no lengthy outside links please!) on how lot sizes work? I always seem to get myself confused every time I want to trade, and the lot sizing concept actually discouraged me to get my feet wet a long time ago, though I am very good at technical analysis. I'm planning on getting back into forex.