Is this considered 10 lots or $10 per pip movement?
View attachment 15520
Only reason I’m asking is because most sources place 1 lot (100,000 units) at a movement of $10 per pip. But when I set my leverage at 100:1 and Account to $100,000 the picture above traded at $10 per pip. When I changed it from $100,000 to $3,000 to be realistic, it told me I didn’t have enough money which confuses me. Based off of having an account of $3000 with 100:1 leverage I should be able to execute a trade(1lot) being that the required margin for 1 lot is only $1084.74. If you’re only going to recommend websites and books I should read please don’t answer.
View attachment 15520
Only reason I’m asking is because most sources place 1 lot (100,000 units) at a movement of $10 per pip. But when I set my leverage at 100:1 and Account to $100,000 the picture above traded at $10 per pip. When I changed it from $100,000 to $3,000 to be realistic, it told me I didn’t have enough money which confuses me. Based off of having an account of $3000 with 100:1 leverage I should be able to execute a trade(1lot) being that the required margin for 1 lot is only $1084.74. If you’re only going to recommend websites and books I should read please don’t answer.