There is no sense in trading on Forex market, when you don't make profits. Here you find a pragmatic tool that will help you calculating how much money you can make on a specific trade.
Trade size for XM Standard Trading Account:
- 1000 = 0.01 lot
- 100,000 = 1 lot
Trade size for XM Micro Trading Account:
- 1000 = 1 lot
- 10 = 0.01 lot
Examples of using:
Example 1:
- your XM Trading Account base currency: USD and its type is Standard
- you received a Free Forex SMS Signal to open a BUY position on EURUSD
- current EURUSD price is 1.35400
- you choose a Trade Size of 100000 (1 lot)
- you set up Take-Profit on 1.35550 (closing price)
If a price of EURUSD reaches 1.35550, then you should earn around $100! If you are able to risk more in order to gain more, you can set up a Trade Size to 1,000,000 - then you would earn $1,000 with such a trade.
Example 2:
- your XM Trading Account base currency: EUR and its type is Micro
- you received a Free Forex SMS Signal to open a SHORT position on EURUSD
- current EURUSD price is 1.35400
- you choose a Trade Size of 1000 (1 lot)
- you set up Take-Profit on 1.35250 (closing price)
If a price of EURUSD goes to 1.35250, then you should earn around € 1.11. If you are able to risk more in order to gain more, you can set up a Trade Size to 10,000 (10 lots) - then you would earn € 11.10 with such a trade.