Leverage and Lots - Page 2
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  1. #11
    Join Date
    Mar 2016
    Posts
    342
    Quote Originally Posted by Nyad55 View Post
    That 0.01 is the same as the 0.001 that you are familiar with Lexys and Carlos
    How do you conclude that? 0.01 is one hundredth, 0.001 is one thousandth

    .
    Lexys and Carlos thought NorisFx was asking you to trade 100k lot size .
    No I didn't.
    I know exactly what he meant by "If you have deposit 1k, you may trade about 0.1 lot "

  2. #12
    Join Date
    Jul 2013
    Posts
    2,501
    Quote Originally Posted by Nyad55 View Post
    Lexys and Carlos thought NorisFx was asking you to trade 100k lot size

    I didn't either.

    (I suspect Nyad mistakenly imagined we were failing to distinguish between "pips" and "pipettes", or something.)

  3. #13
    Join Date
    Jul 2015
    Location
    South Africa
    Posts
    59
    Sorry folks. I reread the thread and saw my errors embarrassed.
    I think OP meant to say 100points (pippets?) When they said 100 = $9 at 0.01

    I was thinking of some old platforms I have used where 0.01 meant 1k instead of 10k.

    Apologies for the above post Lexys and Carlos.

  4. #14
    Join Date
    Mar 2016
    Posts
    342
    Quote Originally Posted by Nyad55 View Post
    Sorry folks. I reread the thread and saw my errors embarrassed.
    I think OP meant to say 100points (pippets?) When they said 100 = $9 at 0.01

    I was thinking of some old platforms I have used where 0.01 meant 1k instead of 10k.

    Apologies for the above post Lexys and Carlos.
    No worries

  5. #15
    Join Date
    Mar 2017
    Posts
    1
    Quote Originally Posted by Daggyvalvik View Post
    Hi all!

    I'm thinking about opening a live account. I have 1000$ to start with, and that puts me in a micro account, and if i follow recommendations i should trade 0.01 lots per trade. This gives me 5$ used margin per trade, but the pips i need to make any money is just..depressing. 100 pips is about 9$ with this lot size.

    Anything I am missing here? I know 1000$ is not alot for some of you, but that's what i can manage to invest. Any recommendations for someone starting out with 1k?
    With 1000$ you can do that if you trade 0.01 lot it's never make you scare. But you should manage account maximum 5% with each transaction and 20% in all, that mean 200$/1000$.

  6. #16
    Join Date
    Jul 2013
    Posts
    2,501
    Quote Originally Posted by duccong View Post
    you should manage account maximum 5% with each transaction ...

    ... or more like 1%, if you actually want to survive for the long term.

  7. #17
    Join Date
    May 2016
    Posts
    10
    0.01 is and ALWAYS will be the best form of lots to trade with.

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