If I am leveraged at 10:1 on and i trade 1 lot I figure I can lose about 1000 pips on a trade before I lose that entire lot?
I understand that all pairs are different but lets assume the pair is worth exactly $1 per pip.
Conversely if i am leveraged at 100:1 I can lose only 100 pips before I lose the entire lot.
Is this right?
I understand that all pairs are different but lets assume the pair is worth exactly $1 per pip.
Conversely if i am leveraged at 100:1 I can lose only 100 pips before I lose the entire lot.
Is this right?