Dear Traders,
I was yesterday very confused from very simple calculation how much lots to trade...
Maybe somebody can help me how to SIMPLE calculate no. of lots if this example:
EUR/JPY, Account $3.400, SL 10 pips, max. risk 2% from the account($68)...
Now is EUR/JPY 161.97, EUR/USD 1.3980... if 100.000 traded one pip equal to $8,10 and commission $5RT.
So how much pips and with which lot size should I trade to make for example $10 nett gain?
Many thanks and sorry for this request
Bruno
I was yesterday very confused from very simple calculation how much lots to trade...
Maybe somebody can help me how to SIMPLE calculate no. of lots if this example:
EUR/JPY, Account $3.400, SL 10 pips, max. risk 2% from the account($68)...
Now is EUR/JPY 161.97, EUR/USD 1.3980... if 100.000 traded one pip equal to $8,10 and commission $5RT.
So how much pips and with which lot size should I trade to make for example $10 nett gain?
Many thanks and sorry for this request
Bruno