I just downloaded meta trader, I am so used to FXCM’s way of placing orders. I really don’t care for meta traders way of placing orders. Is there a way I can have it show me my pip value and customize the amount of money I want to trade because it only allows me to do it in set volumes which is really a pain in the ass to have to do all the calculations myself. It seems like is was designed to make people loose money because its not very intuitive and it wouldn’t have been hard for them to design it in a more user friendly way… any ways if you can help let me know.
as far as I know, you must trade specified lot sizes. took me a few days to get the hang of it, but i assure you, after trading a few days you will start to understand lot sizes and and how many units you have available.
1 lot size is 100,000 units
so lets say you start with a balance of 1,000 USD at 50;1 leverage
that gives you 50,000 units to trade with initially