Man, I've been trading Forex with virtual accounts for about 2 years now, and I'm about ready to go live (next month, if all goes according to plan).
Basically, I want to know how volume and leverage are connected. This is something I've never had to think about before, but now that I'm using real money I want to make sure I understand.
I read babypips, and I've read some beginner Forex books, but I'm still not 100% clear.
I thought leverage was related to how much 1 pip is worth. Like, how much money you're buying in the market with your actual money. But that seems to be what volume is in Metatrader 4, so I'm a little confused.
Anyone wanna discuss this here? Maybe post your opinions/explanations/questions?
Thank you for your time.
Basically, I want to know how volume and leverage are connected. This is something I've never had to think about before, but now that I'm using real money I want to make sure I understand.
I read babypips, and I've read some beginner Forex books, but I'm still not 100% clear.
I thought leverage was related to how much 1 pip is worth. Like, how much money you're buying in the market with your actual money. But that seems to be what volume is in Metatrader 4, so I'm a little confused.
Anyone wanna discuss this here? Maybe post your opinions/explanations/questions?
Thank you for your time.
Do you think the karate kid knows kung-fu?