Question: FOREX positions 5k Demo

  • Question: FOREX positions 5k Demo

    Posted by Luke Myers on August 19, 2022 at 8:30 pm

    Question: FOREX positions – I have a 5k small demo account and was not sure what size the FOREX value is per pip on my MT5. I thought it was a mini size $1 for 1 pip, but if it is FULL size then $10 would be 1 pip and I can only have a 5 pip stop and that is too small. Any info on this ? Thanks

    Rafael Hernandez Garza replied 3 weeks ago 3 Members · 3 Replies
  • 3 Replies
  • Luke Myers

    Member
    August 19, 2022 at 9:57 pm
    24

    ok, I found the location to view the FOREX contract size in MT5. It is in Specifications. Mine says 1/2 or half size full contract 1 pip =$6. Can I request ( For risk management purposes of small account) that I get a mini contract FOREX size? So $1 is 1 pip. I trade on a 30 min chart ( right volatility) and my stop of 100 -200 pips with a 1 to 2 risk reward; so I need to risk no more than $100 to make $200 but my small 5k account needs the mini contract size. Is this possible to change ? Thanks

  • Samuel Junghenn

    Organizer
    August 19, 2022 at 10:37 pm
    2,882

    Hi Luke,

    Unfortunately it’s not possible. We aren’t the broker and we don’t have control what you described.

  • Rafael Hernandez Garza

    Member
    September 8, 2022 at 10:34 pm
    34

    Change lot to 0.11 or under I use mt5 app to make trades

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