Ever burned your A/c due to forex margin requirement!!!

[radex78]

Using the lowest lot size is safer and less risky, despite FXOpen offering leverage 1:500, if trading always uses 0.01 lot size, good learning could grow small profit to bigger money.

[FXOpen Trader]

On 7/31/2023 at 3:58 AM, radex78 said:

Using the lowest lot size is safer and less risky, despite FXOpen offering leverage 1:500, if trading always uses 0.01 lot size, good learning could grow small profit to bigger money.

We must be using such lot sizes that are easy to use by us and maintain the profits.

[bigxy]

There are a lot many online resources which can be used to find out how much lot size and risk can be taken just to be on the safe side.