Hi,
I'm trying to work out what leverage is and how we work it out?
I understand the basic's of leverage i'm new to forex so the max i want to trade with on a demo / normal account is 3:1
so lets say i have £1000 2% MM = £20 which on a mirco account is £0.10 per pip so that gives us 200 pip SL to play with, but say i only wanted a 50 pip SL we then have 150 pips to play with or £15 this is where i'm stuck now... how so i work out 3:1 leverage?
it's driving me up the wall lol
I'm trying to work out what leverage is and how we work it out?
I understand the basic's of leverage i'm new to forex so the max i want to trade with on a demo / normal account is 3:1
so lets say i have £1000 2% MM = £20 which on a mirco account is £0.10 per pip so that gives us 200 pip SL to play with, but say i only wanted a 50 pip SL we then have 150 pips to play with or £15 this is where i'm stuck now... how so i work out 3:1 leverage?
it's driving me up the wall lol