Hey guys
I am using metatrader 4 on iphone
my broker is instaforex
I have 10$ in my balance
When i want to buy some € (EUR/USD) it shows me "volume" what does that mean ? Does it mean lot ?
I heard that 0.01 lot = 1000 and 0.1 lot = 10000 and 1 lot = 100 000
The leverage i am using is 1:100
I bought some euros, i typed "0.02" in the volume, that means 2000 x 1.2301 = 2460.2 €
I have 10$ in my balance and that means 10$ x 100= 1000$ (leverage)
How did i purchase 2000 and i only have 1000$ ?
And what does margin means ?
I am using metatrader 4 on iphone
my broker is instaforex
I have 10$ in my balance
When i want to buy some € (EUR/USD) it shows me "volume" what does that mean ? Does it mean lot ?
I heard that 0.01 lot = 1000 and 0.1 lot = 10000 and 1 lot = 100 000
The leverage i am using is 1:100
I bought some euros, i typed "0.02" in the volume, that means 2000 x 1.2301 = 2460.2 €
I have 10$ in my balance and that means 10$ x 100= 1000$ (leverage)
How did i purchase 2000 and i only have 1000$ ?
And what does margin means ?