Has anyone managed to figure out an equation or formula that converts standard lots into Spreadbet lots? i.e. what would 0.2 lots be in £ for a spreadbet account?
- #4
- Edited 8:41am Aug 30, 2015 4:24am | Edited 8:41am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
With a standard "forex" account lot sizes will show different pip values depending on the base currency of the pair, then converted back to your own currency
denomination.
With spreadbetting account, 1 lot will always be £1 per full pip, or 0.2 lot in your example will always be 20p per pip whatever the pair you select.
I have an MT4 indicator that I use, that should help you see the difference.
The required margin calculations will be very similar between the accounts.
denomination.
With spreadbetting account, 1 lot will always be £1 per full pip, or 0.2 lot in your example will always be 20p per pip whatever the pair you select.
I have an MT4 indicator that I use, that should help you see the difference.
The required margin calculations will be very similar between the accounts.
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