NZDCAD LONG

As we can see, the pair is moving in an ascending channel on the H4, and it has bounce from bottom trend line and a minor support Level 0.87413.

We expecting a bullish continuation, this trade is based on Technical analysis.

Please use proper risk management depending on your account size, Use lot sizes based on these calculations.

Here is a break down of your pip value in ZAR and Dollars

0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26

How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58)

Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.

Please like and share for more useful content: