Hey everyone, pls I need you guys to put me through on application of position size.
If for example I calculated the position size for EUR/USD and I got 2,500 unit. How do I apply 2,500unit on my MT4???
A standard Forex contract is 100,000 units. A mini contract is 10,000 units. A micro contract is 1,000 units.
To do 2,500 units in MT4, you would enter the lot size as 0.025.
Hope this helps.