How to calculate 0.1 lot size in dollars

@skyfall - 1 month ago - Forex Education

Please what is the quickest way to convert 0.1 lot size of an instrument into the dollar equivalent?

@tony_xhan - 1 month ago

0.1 lot is 10,000 units of an instrument so if you want to trade EUR/USD whose exchange rate is currently 1.1600 and your leverage is 1:3000 then 0.1 lot will be worth (10,000 units x 1.1600)/3000 = $3.86

This means you must have at least $3.86 in your trading account before your broker will allow you open a 0.1 lot size position on EUR/USD using a leverage of 1:3000.