Page 8 - 5 Ways To Pay Yourself In The Forex Market
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Types Of Position Sizes
COMPOUND INTEREST,
DOLLAR, OR PIP TRADING
Compound on
a continuous basis.
Spreadsheet attached
LOT SIZE
Smallest available trade size to buy or sell a currency pair.
0.01= $0.10=micro lot 0.10=$1.00=mini lot 1.00=$10.00=standard
UNIT SIZE
Micro lot= 0.01=1,000 units Mini lot= 0.10=10,000 units Standard lot= 1.00= 100,000 units
To calculate lot size=
unit size*.0001
ex. 1000*.0001=.10 cents or 0.01 micro lot
