Community Forex Questions
How to get a major profit with 0.01 lot size?
Throughout forex, a lot size is 0.01. It is a micro lot size, which indicates that only trade with this lot size will require 10 pips to yield a profit of $1. To generate a profit of $10, you'll need to trade 100 pips. You will risk the same amount of cash if the market moves against you.
There are three different sorts of lot sizes:
Standard lot (1.00)
Mini lot (0.10)
Micro lot (0.01)
There are three different sorts of lot sizes:
Standard lot (1.00)
Mini lot (0.10)
Micro lot (0.01)
Trading with a 0.01 lot size (micro lot) requires a strategic approach to maximise profits while minimising risk. Here’s how:
High Leverage – Use leverage (e.g., 1:500) to amplify gains, but manage risk carefully.
Scalping & Day Trading – Open multiple short-term trades to capitalise on small price movements.
Compounding – Reinforce profits by gradually increasing position sizes as your account grows.
High-Volatility Pairs – Trade volatile forex pairs (e.g., GBP/JPY, XAU/USD) for bigger swings.
Risk Management – Use tight stop-losses (1-2%) and aim for 3-5% profit targets per trade.
Trend Trading – Follow strong trends to maximise gains over time.
With discipline and consistency, even a 0.01 lot can grow into significant profits.
High Leverage – Use leverage (e.g., 1:500) to amplify gains, but manage risk carefully.
Scalping & Day Trading – Open multiple short-term trades to capitalise on small price movements.
Compounding – Reinforce profits by gradually increasing position sizes as your account grows.
High-Volatility Pairs – Trade volatile forex pairs (e.g., GBP/JPY, XAU/USD) for bigger swings.
Risk Management – Use tight stop-losses (1-2%) and aim for 3-5% profit targets per trade.
Trend Trading – Follow strong trends to maximise gains over time.
With discipline and consistency, even a 0.01 lot can grow into significant profits.
Mar 24, 2022 03:56