Apologies for I am sure this question has probably been asked and answered many times before - so perhaps someone could point me in the right direction.
I have been spread betting previously and just cannot get my head around the concept of lot sizes.
Lets say I open an account with $1,000.00, what lot sizes would I have to trade with to achieve a set amount in dollar terms per pip?
I basically want to trade with the least risk per pip possible to begin with.
I will suggest to take a low risk in trading .With this amount you can take 1% to 2% of your amount in risk never use more than that . You may be in loss then you capital will loose rapidly. Avoid multiple trading because with small lots too multiple trading is highly risky . You are using much part of your capital in trading.