Trading volume is a fundamental concept in the MT4/MT5 platforms that represents the size of your trading position. Understanding volume is essential for proper risk management and trade execution.
Key Points About Trading Volume:
Definition: Volume indicates the size of your trading position
Currency Pairs: 1 pip movement with 1.0 volume typically equals approximately $10
Indices: 1 pip movement with 1.0 volume typically equals approximately $1
Risk Management: Higher volume means higher potential profit but also higher risk
Calculation: Volume × Contract Size = Total Position Size
You can adjust your trading volume in the order window before executing a trade in both MT4 and MT5 platforms. For beginners, it's recommended to start with smaller volumes until you gain more experience.
For further assistance, please contact our Service Hub or use Live Chat in your Client Portal.