beginners that need to be more at ease while trading. Micro lot measurements start from.01 lots.099 lots,.1 mini lots.99 mini lots. Since you initially bought trading macd divergence forex to open the trade, to close the trade, you now must sell in order to close the trade so you must take the BID price.4550. The benchmark for forex trades is 100,000 units of the base currency, and since this trade size is the standard against which other trade sizes are measured, this is referred to as one. Because you are buying.S. Typically, brokers will refer to lots by increments of 1000 or a micro lot. Learn it, use it and profit with. Mini lot measurements therefore start from.1 lots.99 lots. This means that for every 100,000 traded, the broker wants 1,000 as a deposit on the position.
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Of course, any losses or gains will be deducted or added to the remaining cash balance in your account. The reason the broker requires the deposit is that while the trade is open, theres the risk that you could lose money on the position! The minimum security (margin) for each lot will vary from broker to broker. Lets say you want to buy 1 standard lot (100,000) of USD/JPY. USD/CHF at an exchange rate.4555: (.0001 /.4555) x 100,000.87 per pip.
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