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What is the best lot size for Forex?
The best lot size for forex is based on equity size. Usually, recommended lot size in forex Is equal to 1% account risk. However, professional traders use position size formulas such as Kelly criteria, The Fama and French Three-Factor Model, etc. to define the number of lots for each trading position.How much is a micro lot worth?
If the trading account is funded in U.S. dollars, a micro lot is worth $1,000; 1 pip would be equal to around 10 cents. Beginner’s trader position size should be 1 micro lot ($1000 worth) for each $500 in account size.How much is a standard lot?
A standard lot uses 100,000 units for trading. The most common pip size for a standard lot is $10/pip. It is recommended to have approximately $25,000 when working with standard lots. The majority of traders will be working with micro and mini lots.Is your lot size too big for your account?
If you trade larger lot sizes that are too big for your account, you run the risk of blowing your account in no time, as you can lose several consecutive trades no matter how good your trading strategy is. On the other hand, if you trade a very small lot size, your account will remain stagnant. So, you need a good money management plan.- Terms & Agreement
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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