Hi cgrey,
I feel like such a newb for asking this, but I was wondering how you calculated your lot size from knowing the following (details of your account on myfxbook):
50:1 Leverage
$3000 Opening Balance
We want to use only 2.5% of our Balance
That 2.5% equals our 20 pips SL
I have been going nuts trying to calculate the lot size, please help?
Thanks,
the-game.
I feel like such a newb for asking this, but I was wondering how you calculated your lot size from knowing the following (details of your account on myfxbook):
50:1 Leverage
$3000 Opening Balance
We want to use only 2.5% of our Balance
That 2.5% equals our 20 pips SL
I have been going nuts trying to calculate the lot size, please help?
Thanks,
the-game.