OK I was looking at other brokers and trading platforms recently and noticed most use MT4
I signed up for demo account with one downloaded MT4 to my desktop and put on my first trade btc/usd.
I lost but thats not the issue - I am trying to figure out how lots and leverage work with it
In binance its easy select -coin - select leverage select how much of balance you want to use.
With MT4 I need to select volume with I believe is lots. But what is a lot in btc or crypto and how do i set leverage.
I place da short trade btc/usd at 1 volume. Lets just say to trade was a mess
If I have a balance of $2000 and want to trade it all on btc/usd with a 10x leverage how do I do that
Thanks
You can use EAs in MT4. So instead of manualy computing for your lot size, you can use this easier. It is depending on the perentage you are risking and is free.
It is very useful for me and I think it will benefit other traders too.
Here is the link and it is free: Lot by Risk
https://www.mql5.com/en/market/product/56019?source=ExternalI beleive you van also see tutorials on it. Good luck and good trading pal.