This is entirely forex what is a lot size management method designed to control fx trader on how to manage their account for a profitable venture. Let say that the maximum risk you can take if you select anyone.
You can learn more in www. Let me help you out in a lame mans illustration. If you have 100usd to trade, trade with 0. 01 lot making sure you dont risk more than 2usd or 3usd per trade which means stop loss at 20 or 30pips so lets say you are able to increase your trading capital to 1000usd, then start trading 0. 1 lot making sure you don’t risk more 20 or 30usd which means you will always stop your loss at 30pips maximum.
So what happens when you now have up to 20,000usd trading capital, then you are made as you can place higher lots and make big money like 100usd per pips movement. So lot sizes are just a yard stick to determine your level of earning per every trade you execute so it can be a factor in determining how big you earn and how big you lose if the trade goes against you. I hope this explains your question. 630- u can trade max of 6minis. Can I set stop loss and take profit in INSTANT ORDER? It seems you are a lazy learner. All these questions u are asking are rudiments of forex trading.