Hey guys,
Could someone please give me a quick, simple explanation (no lengthy outside links please!) on how lot sizes work? I always seem to get myself confused every time I want to trade, and the lot sizing concept actually discouraged me to get my feet wet a long time ago, though I am very good at technical analysis. I'm planning on getting back into forex.
What about strategies and time frames? It seems to me that logically, forex needs to be traded on higher time frames due to the automatic spread.
I would really love to hear your input.
Regards,
Z
Could someone please give me a quick, simple explanation (no lengthy outside links please!) on how lot sizes work? I always seem to get myself confused every time I want to trade, and the lot sizing concept actually discouraged me to get my feet wet a long time ago, though I am very good at technical analysis. I'm planning on getting back into forex.
What about strategies and time frames? It seems to me that logically, forex needs to be traded on higher time frames due to the automatic spread.
I would really love to hear your input.
Regards,
Z