Hey just just started trading on metatrader. When u go to enter order it asks for a volume selection, ranging from 0.01-1.00 and upwards.
How do i correlate this volume into monetary terms so i can manage risk effectively? (i.e. iv set a limit for myself to only risk 4% of my accound per trade but if i dont know how much im risking i cant manage my risk?!)
Will appreciate any help on the matter.
How do i correlate this volume into monetary terms so i can manage risk effectively? (i.e. iv set a limit for myself to only risk 4% of my accound per trade but if i dont know how much im risking i cant manage my risk?!)
Will appreciate any help on the matter.