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My broker is IG Markets.As far as I know, their minimum lot size is one mini contract. I'm sure you know what a mini is, but for those who don't, a mini Forex contract is 10 grand and a standard contract is 100 grand. This means you're trading 10 grand or 100 grands worth of the currency, as the case may be.Spread size is not near as critical with end of day trading as it is with intraday trading.For an intraday trader aiming to capture 20 point moves, a 5 point spread is a significant bite out of his profit.For an end of day trader who might reasonably expect to snare moves of several hundred points, a 5 point spread is insignificant.
My broker is IG Markets.
As far as I know, their minimum lot size is one mini contract. I'm sure you know what a mini is, but for those who don't, a mini Forex contract is 10 grand and a standard contract is 100 grand. This means you're trading 10 grand or 100 grands worth of the currency, as the case may be.
Spread size is not near as critical with end of day trading as it is with intraday trading.
For an intraday trader aiming to capture 20 point moves, a 5 point spread is a significant bite out of his profit.
For an end of day trader who might reasonably expect to snare moves of several hundred points, a 5 point spread is insignificant.
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