I couldn't post in Money control thread, sadly it is closed. I had to open a new one.
I will be very grateful if someone could make thing clear to me.
I have $5000 demo account with 200:1 leverage. Question is: what size lot I can exchange if I want to risk 2%?
2% of my deposit is $100.00
If I wish to specify a stop 20 pips = $100/20=5 pip Right?
And I got lost. What do I do next? Does this mean that I can exchange half of a normal lot? Normal lot is 100.000, so I can exchange 50.000 lot?
How to use 200:1 leverage to this calculation?
Thank you very much for assistance