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How Much is 1 Contract in Forex? - 1 Contract Forex - Definition of a Standard Contract in Forex

1 Standard Contract in forex is equivalent to 100,000 units of currency.

1 Standard Contract is a 1 Standard Contract

The minimum price movement for a 1 Standard Contract is 10 dollars

Standard Account for Standard Contracts

A Standard Trading Account is denominated in US Dollars and trades are placed using standard contracts. One standard contract is 100,000 units of currency. One standard contract is also known as a one standard lot. Minimum opening capital for the standard contracts account - at least $10,000 USD.

1 standard contract refers to the minimum size of a single trade. This standard contracts account option is the most suitable for traders with a enough capital to invest - this standard account option requires $10,000 & $50,000 dollars as beginning capital, for this standard contracts account the investor will not be undercapitalized and with good money management principles and money management strategies, this standard contracts account option has the highest chance for profitability because it is not under capitalized. Under-capitalization is what makes many forex traders not profitable.

Skip standard accounts without $10,000 to $50,000 in funds.

Financial experts suggest having at least $50,000 to start this standard contracts account and only opening a max of 1 or 2 contracts for every $50,000 you have. However, most online brokers will let you open this account if you have more than $10,000.

If an trade rate for EURUSD is quoted at 1.4000, then the smallest transaction available in a widespread contracts account is well worth $140,000 of currency to shop for a hundred,000 EUR. With leverage of a hundred:1, this is simplest $1,400 of your money and the rest of the money you will borrow out of your foreign exchange broking (with leverage choice of one hundred:1, your broking offers you $100 greenbacks for each $1 that you have, henceforth for this exchange the usage of only $1,four hundred of your exchange capital, the dealer will provide you with $100 greenbacks of leverage for each $1 you have, which means after leverage you may have $1,400*one hundred=$140,000 greenbacks that you then should buy 1 general settlement of EURUSD).

For Standard Contract - Minimum Price Movement of 1 pip = $10

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