Had a hard time figuring out how to get the correct unit (or rather minimum units) to enter a trade for a currency pair whereby USD is not involved. Forgot to mention I am trading in a USD account
Buy CHF/JPY
USD $5 entry at 50:1 leverage
entry price say at 92.411
stop loss price say at 92.011
USD/CHF 1.48808
So how to calculate the number of units to enter to ensure I lose only USD$1?
Thanks a lot!
Buy CHF/JPY
USD $5 entry at 50:1 leverage
entry price say at 92.411
stop loss price say at 92.011
USD/CHF 1.48808
So how to calculate the number of units to enter to ensure I lose only USD$1?
Thanks a lot!