unlv tj
On oanda open a EUR/USD chart click BUY at the bottom of the chart. The market order dalog box opens. Type in 100,000 units and look at the lower part of the box and see 1 LOT= 10.00 USD. Lower down see Margin used 7087.00 To rich for me. Back in the units section backspace one of the zeros away and see 1 LOT = 1.00 USD, backspace another zero 1,000 units and see 1 LOT = 0.10 USD
When putting on a trade first figure your 1% risk
IE. Account $1,500 x .01 = $15 risk on this trade which calls for a 20 PIP stop loss $15 / 20 PIPS =0.75 which is 7500 units on oanda. You lose on this trade you lose $20
I learned most of this way of thinking from PeterFM click on the link in any of his posts he is a good friend to all of us newbies
I hope this is all correct good luck
Thank You PeterFM for all your posts
On oanda open a EUR/USD chart click BUY at the bottom of the chart. The market order dalog box opens. Type in 100,000 units and look at the lower part of the box and see 1 LOT= 10.00 USD. Lower down see Margin used 7087.00 To rich for me. Back in the units section backspace one of the zeros away and see 1 LOT = 1.00 USD, backspace another zero 1,000 units and see 1 LOT = 0.10 USD
When putting on a trade first figure your 1% risk
IE. Account $1,500 x .01 = $15 risk on this trade which calls for a 20 PIP stop loss $15 / 20 PIPS =0.75 which is 7500 units on oanda. You lose on this trade you lose $20
I learned most of this way of thinking from PeterFM click on the link in any of his posts he is a good friend to all of us newbies
I hope this is all correct good luck
Thank You PeterFM for all your posts