In professional financial trading, guessing is an immediate recipe for bankruptcy. Before you click an execution button on MetaTrader or cTrader, you must know the exact mathematical parameters of your order. You need to know: How much margin will this trade lock up? What is the exact dollar value of a single pip movement? If my stop loss is hit, what precise percentage of my account equity am I losing?

While you can compute these formulas manually, top-tier platforms read more