I have been using spread bets accounts up to now, but want to start using a broker, one thing if someone can clarify is what is the value of a lot?
i.e in my spread bet account if i have 5000 and my max risk is 1.5% then i am risking £75 so for ease if my stop loss is 75 point below my entry i know i can bet £1 per point.
can someone tell me how to work this out in lots / £ please?
i.e in my spread bet account if i have 5000 and my max risk is 1.5% then i am risking £75 so for ease if my stop loss is 75 point below my entry i know i can bet £1 per point.
can someone tell me how to work this out in lots / £ please?