Pharaoh
Brigadier General
- Messages
- 20,326
Ah, the dreaded "minimum trade volume to collect a bonus".
1 full lot = 100,000 units of currency. You would need to trade 30 full lots.
With a $150 account, let's say you want to risk 10% per trade (WAY TOO MUCH in my opinion). That means you can risk $15/trade. Let's also assume a 15 pip SL on each trade.
That means you can open a minilot sized position (10,000 units, $1 per pip on xxxUSD pairs) each time.
Using all these wild assumptions, you would need to make 10 trades to equal a standard lot. You'll need to make 300 total trades to collect your bonus.
BTW - If we assume a 2 pip spread, you'll start each trade down $2 if you trade minilots (and will only have 13 pips between you and your SL). This means you'll have paid $600 in spread before you can grab your bonus - assuming that your account survives that long.
1 full lot = 100,000 units of currency. You would need to trade 30 full lots.
With a $150 account, let's say you want to risk 10% per trade (WAY TOO MUCH in my opinion). That means you can risk $15/trade. Let's also assume a 15 pip SL on each trade.
That means you can open a minilot sized position (10,000 units, $1 per pip on xxxUSD pairs) each time.
Using all these wild assumptions, you would need to make 10 trades to equal a standard lot. You'll need to make 300 total trades to collect your bonus.
BTW - If we assume a 2 pip spread, you'll start each trade down $2 if you trade minilots (and will only have 13 pips between you and your SL). This means you'll have paid $600 in spread before you can grab your bonus - assuming that your account survives that long.