Noob Question about leverage

Printable View

23:10,
miguelon2m

Noob Question about leverage

I'm a bit confused about leverage calculation in relation to position sizing.

Let's say I have 2 accounts with 10,000USD in the two of them.

In the first account, I'm on 1:1 leverage. So that means I can only trade just 10,000USD worth of contract right, meaning only a mini lot?

In the next account, I'm on 1:50. So 50 x 10,000 is 500,000. That means 5 standard lots.

Am I on the right track here?

One other question, if I were to risk 3% on 50 pips with EURUSD. That means on both account, I can only exchange 6 miniature lots?

All times are GMT. The time now is .
Risk Disclosure: Forexintuitive will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Forexintuitive would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Forexintuitive doesn't bear any responsibility for any trading losses you might incur as a result of using this data.