Difference between pip and pipette

Beginner Questions
61

So true.I just fully grasped the concept of how wrong position sizing or undercapitalization can blow your account…and how greed or ignorance can also lead to more loss too.

Thanks a lot once again

62

IF YOU DID, then that’s awesome
because initially, how newbies blow their account is … they are unaware of the consequences of larger lot sizes.

they tend to think that there is no much difference between putting down a 0.2 lot size and 0.3 lot size
because they look at it in terms of 1 pip
but i hope you can now see how this can turn on you very quickly

good on you mate

63

Yes…I am just getting to fully realise the implications of using large lot sizes.

Thanks a lot for your patience and taking time to explain it all.

Please,was the contract value for a nano lot for the major currency pairs?

64

Is it actually this:

0.001 lot = $0.01 per pip?

65

well, when trading currency

theoretically YES 0,001LOTS = 1cent per pip

66

Okay thanks a lot once more