My basic question is Ninja uses LOTS as its trading medium and IB does not.
Two questions:
1 I have always used lots and mini lots in the past, and understand how they work. However IB uses Interbank methods for currency valuation. I want to learn how the IB process works, but when I call to speak to them they are unable to use sufficiently "layman" language for a novice to Interbank ways like me. Cn anyone explain this to me simply, in layman terms.
2 If Ninja uses LOTS and IB not, how does IB translate the quantities entered into the QTY box when placing a trade? And does this change depending on the base currency one is trading?
Thanks
Richard
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