I currently trade through a spread betting company in London. It's very simple, I enter a trade at £1 per pip and if I win 20 pips I've won £20 regardless of the currency pair I'm trading. I know that trading through a broker is different but I don't really understand lots/units. I assume that as lots are made up of units you can trade in part lots but I would be grateful if someone would explain the system to me and it's advantages.
Thanks
Thanks