I'm a new trader here and have been looking for...

M
Michele Garza
Sep 8, 2022

I'm a new trader here and have been looking for an excellent broker to trade CFD assets. After asking around, a lot of people suggested IC Markets, apparently, this broker is known to be the best CFD broker. However, I have questions regarding their rules on CFD products. Does the official website say that the CFD trading has a flexible lot size? What does that mean? How does this benefit me?

0
0
Reply: [1]
J
Jeremy Smith
Jan 24 2024

@Michele Garza : When a broker talks about having a "flexible lot size" in CFD trading, it basically means you've got the freedom to trade in sizes other than the standard big chunk. Usually, in forex, a standard lot is like 100,000 units of the base currency – but with flexible lot sizes, you can go smaller or bigger.

Why's this a cool thing? Well, first off, it's like having superhero powers for risk management. You can tweak your positions to match your comfort level and trading strategy. Plus, it gives you ninja-level precision in picking your trade sizes, tailoring them to the market vibe and your own preferences.

And here's the real magic – flexible lot sizes make diversification a breeze. You can spread your cash across different assets and trades of all sizes, making your trading game more well-rounded.

Last but not least, it's like opening the trading doors to everyone. Even if you've got a smaller account, flexible lot sizes make it easier for you to dive into the trading world. So yeah, it's pretty much like having a menu with options that suit your appetite and wallet size! 

Ic Markets Review

IC Market is an Australian broker with a global reputation. Some of its prominent features are 0.5-millisecond trading execution, raw spread, account types for beginners, scalpers, and EA users, as well as swap-free accounts. More

News (25) Testimonial (46) Articles (1) Bonus (3)

Login

Register

Profile

Forgot password

Reset Password

or
Forgot password?

Don't have an account? Register here

Already have an account? Login here

Already Reset? Login here