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For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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How do you determine position size?
The ideal position size can be calculated using the formula: Pips at risk x pip value x lots traded = amount at risk, where the position size is the number of lots traded. Let's assume you have a $10,000 account, and you risk 1% of your account on each trade.
How does Bitter determine position size?
Position Size is NOT the same as Risk Amount, but it is derived from your Risk. You only need to know your Risk Amount, Entry, and Stop Loss to calculate your Position Size. Position Size = Risk Amount/Distance to Stop Loss.
How are Bitter fees calculated?
Entry Price (USD)* Exit Price (USD)* Trade size (BT)* Leverage (x)* Fee (BT) This is the total fee in BT (Bitcoin) for your trade. If it shows as a negative (-) it means that you will make money on the trade. Profit/Loss (%) Profit/Loss (BT)
How does cross margin work?
Cross margin is a margin shared between your positions and backed by your entire wallet balance of the funding currency. This margin method reduces the risk of liquidation. Any Realized P&L from other closed positions using the same funding currency can aid in adding margin on an opened losing position.
What does 0.01 lot size mean?
0.01 is a lot of size in forex. It is a micro lot size which means that when a trade is placed in such a lot of size it will take 10 pips to give you a profit of $1. It will also take 100 pips to give you $10 as profit. The same way when the trade is against you, you will lose same amount of money.
How much is 0.01 lots?
Your deposit determines your trade size A lot is a standard contract size in the currency market. It's equal to 100,000 units of a base currency, so 0.01 lots account for 1,000 units of the base currency.
How many units is 0.01 lot?
100,000 Units = 1.00 Lot. 10,000 Units = 0.10 Lot. 1,000 Units = 0.01 Lot.
What is a lot of size in Forex?
In the past, spot forex was only traded in specific amounts called lots, or basically the number of currency units you will buy or sell. The standard size for a lot is 100,000 units of currency, and now, there are also mini, micro, and NATO lot sizes that are 10,000, 1,000, and 100 units.
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