Trading with Standard Accounts
In This Chapter
• Exploring standard lots
• Counting the profits
• Finding the right broker
After you’ve been trading for a while and have honed your trading skills, you may be ready to take on more risk for the potential of more reward. You likely were attracted to trading forex for its potential to make money. But remember, there is equal potential to lose money.
In this chapter, we look at the pros and cons of standard lots and help you to understand how much you put at risk to trade with the big boys.
Understanding a Standard Lot
As we discussed in Chapter 18, a standard lot in forex is 100,000 units of a specific currency. So, for example, if you buy one standard lot of EUR/USD with a price of ...