I understand the size of lot sizes such as 1 standered lot = $100,000 therefor each pip = 10$.
What I'm trying to understand is how can I calculate this with leverage.
For example.
I deposit $500 into a 500:1 leverage account.
I trade with a lot size of 0.1
What is each pip worth?
Can anyone help me?
What I'm trying to understand is how can I calculate this with leverage.
For example.
I deposit $500 into a 500:1 leverage account.
I trade with a lot size of 0.1
What is each pip worth?
Can anyone help me?
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