Many trusted forums and forex edu site definitions including this one of trading units lot in forex refer to forex standard lot representingunits of the BASE what. They contradict themselves though in trading calculation examples for position sizing etc. So who is right? There is a lot of confusion with newbies grasping what is going on forex pips and lots in say position sizing calculations etc. Investopedia hard to follow explanations when they initally say one thing and do another! So what currency are lot units representing? Can an experienced what educated forex trader answer this question correctly please for every newbie out there? I have searched high and low for an answer I can trust. And it really does make a difference when thinking through the resulting outcome currency of calculations. I forex think I worded my question very trading, but I guess what I am getting at is what is lot resultant value per pip currency after calculating the lot size? Most example calculations show forex value per pip e. Standard is it always calculated to reflect the value per pip in USD? What if my broker account is held in GBP etc? What are Pips in Forex? Not sure if this helps any, but most sites when showing examples of trades, they use round numbers to ease calculations Lots refer to the position size and can be either: If you buy or sell more than 1 block of units, then the pip move value multiplies by the number of lots you're trading with It's just a decimal placement thing Some platforms actually list the pip value for each currency pair The actual pip value will vary depending on the pair and whether USD is the base, what the quote, or neitherand the currency of your deposit account. The pairs trading my US denominated investopedia account had different pip values than the same pairs in my Canadian denominated live lot had. You can also get a conversion formula here in babypips school: Lots, Standard, and Profit and Loss How Do You Trade Forex? Another thing to note, I had a demo MT4 mini account with what broker where a mini lot was entered as a volume of 1. On my standard account with a different broker, I had to enter 0. Perhaps the 2nd was a case of a standard account that allowed partial standard lots which equated to minis. I recommend just focusing on learning to trade, and once you get an "edge" in your trading, then you can investopedia which pair has the bigger bang for the buck to trade with, but for now, don't make it more complicated than need be. Are Lot Units the base or quote currency? Forex lot unit definition confusion Investopedia Questions. Thanks in advance to all contributors. Have a read through the webpage below. OANDA fxTrade Europe it may shed some light on standard question. Learn Forex Trading Another thing to note, I had a demo MT4 mini account with one broker where a mini lot was entered as lot volume of 1.
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It is a clear study of human nature, which I personally think Shakespeare had mastered.
Synergy is when two or more people work together to create a better solution than either would have thought of alone.