I am new to trading and have been studying extensively to try and gain a good basic grounding of knowledge however I am struggling to get my head fully around position sizing.
Hi, I understand you trying to figure out what is " unit/pip value ratio " this part “10,000 units of EUR/USD)/(USD 1 per pip”. As you know on the forex market you can use 3 types size, standard lot (100 000 units, 10 USD per pips) mini lot ( 10 000 units 1 USD per pips) micro lot ( 1000 units 1 cent per pips ) for EURUSD. Basically it doesn’t matter which lot type you use, you have to remember to use the value of one pip for each lot size. (use the value formula for standard lot and micro lot, you will get the same result). Regards Greg