adriandecleir1
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Hi, I know this is really really basic stuff, but im having trouble understanding one of the obvious first things you should learn when getting into trading and thats leverage.
Please dont get me wrong, i have been studying charts for months, reading books about price action and money management, ive been trying a system using a demo account that seems to be just about profitable so far(im sure with more knowledge this may improve over time) yet this simple concept of leverage goes over my head.
I have watched this video but still cant see how it applies to me.
I use alpari uk, I have a demo account and trade .01 lots in the main currency pairs, which means 10c /pip for eurusd(for example), where does my leverage 1:500 come into this, what would be the difference in this particular example if it was 1:250
What am I missing here?
Thanks for the help
Please dont get me wrong, i have been studying charts for months, reading books about price action and money management, ive been trying a system using a demo account that seems to be just about profitable so far(im sure with more knowledge this may improve over time) yet this simple concept of leverage goes over my head.
I have watched this video but still cant see how it applies to me.
What am I missing here?
Thanks for the help