Hello all! So I am new to Forex. I have played with regular stock trading few 3 or 4 years and recently got interested in Forex. I have done TONS of research, back testing and paper trading to get myself prepared and in a good position to start. I have funded my first real account and I am ready to put my strategy to work but one thing has eluded me, I cant seem to figure out how many units I can buy. In the paper account I obviously had a lot more funds and so I always did me testing with 20 to 30,000 units each trade so I never worried about the exact cost per position. Now that I am in real money I would like to know the exact amount per position. I have found countless calculators that will give me my risk and all kinds of other information that I am not looking for but I just want a simple answer to X amount of funds with X pair will buy me X units. I understand leverage and my accounts currency will dictate how many units I can buy so here is some information. I have a standard account with Forex.com and I funded it with $700 usd Any help would be hugely appreciated. Thanks
Have you been through the Babypips training as this is all explained there, better than I could explain it.