Hello guys! Newbie here. I don’t know if this is a silly question, but if I have a balance of 100 dollars and wanted to risk 2% of it at a micro lot of 0.01 on EUR/USD, how many pips can I lose with leverage of 100:1 before losing that 2%?
Balance is 100 dollars.
2% is 2 dollars.
Lot size: 1 micro lot, 0.01 : worth 10 cents
So how many 10 cents before you get to $2 or 200 cents: equals 20 pips.