Unlimited lot size of broker

Sep 02, 2020 at 23:37
4,755 Views
25 Replies
Member Since Mar 17, 2021   536 posts
Oct 06, 2021 at 18:45
frankmartin1 posted:
Hello, myfxbookers! Trading with a big lot is good! But remember you can afford the loss!
Big lot can create a big loss. So, i think is is risky for the newbies.
Member Since Feb 02, 2021   38 posts
Oct 20, 2021 at 06:26
The lot size directly affects how much a movement of the market will affect your accounts. So choose the lot size wisely.
Member Since Apr 09, 2019   538 posts
Oct 20, 2021 at 12:08
I've seen 100 and 1000 lot max size on retail accounts but if you honestly need more than that then I would suggest contacting your broker and moving to a professional account if eligible. You will no doubt get a higher limit but will forfeit protections such as negative balance prevention.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 19, 2020   788 posts
Nov 06, 2021 at 15:44
Standard Lot represents 100,000 units of Currency, Mini 10,000, and Micro 1000 Lot. However, not all brokers.
Member Since Aug 10, 2021   178 posts
Dec 02, 2021 at 03:24
As a newbie, we should not use a big lot.
Member Since Jul 23, 2020   759 posts
Feb 06, 2022 at 02:00
If the brokers say so, they are likely to lie to you.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.