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Please Clarify this for Me
I need to clarify an answer:
when i open an account and trade 1 lot of 100000, will the 100000 be quoted in $, or the value of the base currency i am going long in?
to compute my margin, my margin will always be quoted in $, therefore the lot size of 100000 should be in $, therefore if i am going long usd/jpy, i sell $100000 lot for jpy then sell jpy for dollars, right??
Liz
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