Your core requirement is trading cents, which is the smallest unit that can be traded in dollar currency.
First, the smallest monetary unit of the US dollar is 1 cent, and the denomination of the largest negotiable paper money is 100 US dollars (paper money), 1 US dollars = 100 US cents.
Second, the standard for foreign exchange transactions is about 65,438+000,000 units of base currency. By using a certain leverage ratio, in fact, the meaning of leverage is that you pay a certain percentage of margin and trade through the financing process of foreign exchange retail investors. Leverage has nothing to do with the point value.
Third: According to the conventional standard contract (the transaction is often called "standard hand"), the general currency quotation is a five-digit quotation. Regardless of the direct and indirect quotation currency factors, for the convenience of calculation, it can be concluded that the integral value of a point is 10 USD, that is, 0.000 1= 10 USD.
Fourth: If the smallest dollar unit cent is 1 cent, that is, 10 (the point value of standard contract) *0.00 1=0.0 1 dollar, that is, 1 cent, then the minimum transaction volume you need to make is 0.00/kloc.
Fifth: At present, the minimum trading unit of mainstream traders in the market is 0.0 1 lot, that is, 10 cent. As for the bookmakers who can trade 0.00 1 lot, there are very few. As for regularity, detailed investigation is needed. This kind of transaction is actually similar to a simulation exercise. The characteristic is that the initial capital threshold is very low, and it can be done with a few dollars. But through my experience in the foreign exchange market, few dollars start with hundreds of dollars. I suggest you consider it carefully. If you do this, you might as well do mock trading exercises.
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