It is 12am GMT.Is the 12am GMT or EST? What it means to put 10% in from our acconunt? Thanks Hermes
10% from account = risk.
Stop-Loss: always 100 Pips.
If you have $1000 balance
and you risk 10% = $100
you need to divide the $100 with the Pips:
$100 / 100 Pips = 1 Pip equals $1
So you open 0.1 lots for the trade
because 1 Pip = 1 Dollar at 0.1 lot-size.
If the trade hits your Stop-Loss, you have lost $100
which is 10% of your balance.