Thanks for the Answer Mo, That clears up how to use it for me. But brings up a few more questions in return [schild=1 fontcolor=000000 shadowcolor=C0C0C0 shieldshadow=1]question[/schild]
In your first image how does one risk 7 times their account size if you have a 10k (1 mini) account and risk 70k (7mini)
Also wouldn't a $700 account be .07 in the account size in lots
7k = .7
70k = 7
On my account I can trade standard lots, mini or micro.
7.0 = $70 tick / pip
.7 = $7 tick / pip
.07 = 70c tick / pip
I think this is were my confusion was coming from. I'm not sure if a decimal could be implemented in the number of lots to reflect the account size or am I way off base here in my thinking lol.
This has nothing to do with your platform:
Standard lot: $100,000
Mini lot: $10,000
A mini lot is 10% of $100,000 (0.1)
If you have have a $250,000 account then what is your account size in lots?
2.5 standard lots.
LeverageUSD is 38:1 and 20% this is 7.6
2.5 * 7.6 = 19
Your initial position size can be no greater than 19 standard lots.
Your account size is $19,487,623.37, what is your account size in lots?
19.4 full lots
& your maximum initial size is 147.4
Max is 737.2 million at 38:1.