Hi all, sorry for the dumb question, i did try to google it first lol,
I have opened a live account with £2000, for my strategy i set a 20 pip stop and 20 pip take profit, i wish to risk 1% per trade, i know this is £20 and my current broker will allow me to set pip value this way. However i notice people talking about micro lots, mini lots etc. what lot size would i be placing, so i can equate myself when i hear these terms?
thanks in advance, rob
I have opened a live account with £2000, for my strategy i set a 20 pip stop and 20 pip take profit, i wish to risk 1% per trade, i know this is £20 and my current broker will allow me to set pip value this way. However i notice people talking about micro lots, mini lots etc. what lot size would i be placing, so i can equate myself when i hear these terms?
thanks in advance, rob