Just recently got into forex still learning a lot but on my meta trader demo account I wanted to make it realistic so I only have 3k on it but whenever I place trades it’s not normal lot sizes.
When I enter 0.01 it’s 1 cent per pip which is normal I think then 0.1 it’s 10 cent then when I enter 1.0 it’s a dollar I’m certain this isn’t how it should be. Also what’s the deal with the quotes being different on meta trader than TradingView is that how it’s supposed to be ? Any help would be great.
.8 pips with 0.01 is $0.08 ($.10 per pip)
.8 pips with 0.10 is $0.80 ($1 per pip)
.4 pips with 1.0 is $4.00 ($10 per pip)
Quotes are priced differently every broker. If you select your broker’s symbol in TradingView, it’d be the same feed. Ie; Oanda platform pricing and “EurUsd: Oanda” on TradingView.
And in that case would that just mean I need more money in my account to trade standard lots but I can’t trade anything higher than 2.0 and it’s $2 a pip anything higher says not enough money and I have 3k in the account.
Ohhh I wasn’t paying attention that’s my bad. I was instinctively reading the last number rather than the 4th I see what you mean now. So essentially the number I’m seeing is profit from pipettes not actual pips.
I have a leverage of 1:100 so I should be able to trade 3.0 lots. I use meta trader on my phone and trading view on my laptop. I have an oanda account what would I need to connect that to, to be able to do all the same numbers on TradingView as metatrader ?
