Hi, I've recently made a trading account and have been asked what leverage I want.
I don't know much about this and would like some help.
I have a 240 micro account at the moment.
I wish to risk 2% per trade
I usually trade lower time frames therefore risk around 20 pips on average.
Can someone please explain to me what leverage I should use /how to calculate it
Thank You.
I don't know much about this and would like some help.
I have a 240 micro account at the moment.
I wish to risk 2% per trade
I usually trade lower time frames therefore risk around 20 pips on average.
Can someone please explain to me what leverage I should use /how to calculate it
Thank You.