Unlimited lot size of broker

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.

The lot size directly affects how much a movement of the market will affect your accounts. So choose the lot size wisely.

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.

Standard Lot represents 100,000 units of Currency, Mini 10,000, and Micro 1000 Lot. However, not all brokers.

As a newbie, we should not use a big lot.