Simple's Green Room

[pennies2007]

You'd be surprised how fast 10 cents a pip can add up Kirby. On the main intro to the Green Room, Simple did a great job of explaining how to increase your trade size exponentially as you go along. At 10 cents a pip, you're actually trading a mini-lot. Here's the breakdown...

Micro lot = 1000 units = 1 cent a pip
Mini Lot = 10,000 units = 10 cents a pip
Standard Lot = 100,000 units = 1 dollar a pip

If you can average 20 pips a day, you can gradually increase your trade size to where you're trading full standard lots before you realize it.