This article explains how to calculate profit and loss by lot number, positions, maximum required margin, and pips for the account type trading of xmtrading. If you are thinking of starting trading with XMTrading, you need to understand currency units and lots. For those who do not know 1 lot of XM, we will explain the number of currencies in 1 lot, and the minimum and maximum lots.
What is lot?
A lot is a unit of trading currency in FX. In FX, large funds such as 100,000 currencies or 1 million currencies move. However, since it is a large unit, it is a bit inconvenient to handle. Therefore, the unit called lot was created so that the currency unit could be roughly understood. Overseas FX brokers have advantages as their fees are low and the maximum leverage is 1000 times, but lot adjustment is an important point. Details can be found on the official management website. The amount of risk will vary depending on the account type.
Risk varies depending on the brand
Stocks include CFDs, currency pairs, energy, stocks, precious metals, virtual currencies, etc., but each has different volatility. Please be careful about the number of lots as the price fluctuations are different. By the way, standard accounts and micro accounts also have campaigns and bonuses. The maximum leverage limit varies from 1000x, 500x, and 100x depending on the account type.
Lots of trading methods
There are many trading methods. Scalping, double trading, and automated trading (EA) type trading are also available. Therefore, the reputation and reviews are very good. If you are a new high leverage trade and end up with an unrealized loss, a loss cut or zero cut will be applied. Of course, swap points will be generated if you trade across days. You can also trade on your smartphone.
There is also a license from the Financial Services Agency.
We also hold multiple licenses from the Financial Services Agency, including the Seychelles Islands. We also have more extensive licenses than other companies such as axiory, fxgt, titanfx, ironfx, and bigboss.
1 lot unit of XM
| Micro | Standard | Zero | KIWAMI | |
| 1Lot | 1000 currency | 100,000 currency | 100,000 currency | 100,000 currency |
1 lot of XM standard account and zero account is “100,000 currency”. Micro accounts have different limits as 1 lot is 1000 currencies. In XM, 1 lot is basically 100,000 currencies, so please keep this in mind when entering with the tool. This cannot be selected and changed. When trading in high lots, be careful of your balance.
Number of lots traded on XM
XM can be traded with the same minimum lot of 0.01 lot. The minimum deposit amount is 500 yen. Although it is a high leverage, decide the lot based on the amount. If you trade for 100,000 yen and lose 10,000 yen, the lot is high and there is a high possibility of a big loss. It is preferable to set a rule for a one-time loss of 1% to 2% of the principal amount. Swap is also involved from here. Trade with small amounts.
| Standard | Micro | Zero | KIWAMI | |
| 1Lot | 100,000 currency | 1000 currency | 100,000 currency | 100,000 currency |
| Minimum lot | 0.01 lot (1000 currency) | 0.01 lot (10 currencies) | 0.01 lot (1000 currency) | 0.01 lot (1000 currency) |
| Maximum lot | 50 lots (5 million currency) | 100 lots (100,000 currency) | 50 lots (5 million currency) | 50 lots (5 million currency) |
Standard and Zero accounts can trade from 1000 currencies and Micro accounts can trade from 10 currencies. The maximum lot is 50 lots for Standard and Zero accounts, and 100 lots for Micro accounts.
What is the maximum lot?
Maximum lot refers to the maximum number of orders that can be ordered in one transaction. Please keep in mind that the maximum number of positions in XM is 200 lots. It is possible to hold positions up to a maximum of 50 lots x 4 times. Also, the calculation tool is currently available completely free of charge on the official website. Even professionals use it, so please try it first.
Lot calculation
If you are unable to calculate lots in FX trading, you may end up making unreasonable high leverage trades and incurring large losses. If you want to trade FX with XMTrading, be sure to be able to manage lots and calculate lots. Let’s keep the lot size relatively low and take it into account. It is important to make use of it next time so as not to skip it even if it becomes negative. Survival is important in foreign exchange, so please decide on lots according to your margin.
Profit and loss calculation method per pip
Profit and loss in Forex trading can be calculated by the following formula. The trading volume can be obtained by “number of lots x currency unit”.
Profit/Loss = Trading Volume x (Settlement Price – Order Price)
If you are worried, try trading with a standard account first.
We have introduced the account types of XM. If you don’t understand or are having trouble, try opening a popular standard account first. Products include foreign exchange, precious metals (gold, silver), energy, stock indexes, and virtual currencies. This account type has high execution power and is officially recommended. The base currencies are US dollar, Japanese yen, and euro. You can also earn bonuses. It is also possible to create additional accounts.
1 lot 100,000 currency
As a guideline, one lot unit for a standard account is 100,000 units. This is much more than the 1,000 units for a micro account. A larger amount of currency means a larger profit per trade. If you want to make a large profit in a short period of time, a standard account is recommended over a micro account. In that case, we recommend something with lower risk than others, such as USD/JPY on MT4. It is recommended because you can enter simultaneously in total according to your purpose. If the timing is right, you will be able to win smoothly. Decide on economic indicators and stop loss criteria.
deposit bonus
Two types of deposit bonuses are given to standard and micro accounts. However, zero accounts do not receive them. If you receive a deposit bonus, you will have more margin. Forex beginners will quickly lose money, so you should open a standard account that gives you a deposit bonus. Depending on the category and content, when you reach the upper limit, the bonus will be reset at some point and you will be able to receive it again. Recommended for those who are making money as an individual for the first time. Customers can trade safely by utilizing the system. It is easiest to win if you manage your assets.
Loyalty program
The operator applies a loyalty program to standard and micro accounts. If you join the loyalty program, you will be awarded XM points for repeated trading. Accumulated XM points can be exchanged for bonuses and used as margin for FX trading. Standard accounts with a large amount of trading currency accumulate XM points quickly. Check the rates now and earn dollars with an eligible account.
MT can be used
Since MT can be used, the tools are advantageous in every way. You can trade using margin with lots from standard to KIWAMI. You can make a profit even with around 1 dollar. Log in from the home page and check the above information about MT in a table. You can also install it for free by clicking on the page. Base currencies such as USD, JPY, and EUR are supported, so it is very useful. You can trade safely from gold to Bitcoin and commodities even in Japan.
Safe without margin calls
Even if you place an order and a forced loss cut occurs, your balance goes negative, and XM is safe without margin calls. You can now invest 24 hours a day. You can trade while watching the exchange rate, so you can rest assured if you prepare funds. You can apply conveniently with no rejection of any contracts, from crude oil, platinum to palladium, on the screen. You can trade with small amounts, so you can start over as many times as you like, even if the loss is large.
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