In forex, is it possible to trade an arbitrary amount of money?



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In forex, is it possible to trade an arbitrary amount of money?
I know that most forex brokers let you trade money in the form of lots or fractions of a lot (i.e, 0.01 lots). But in case I want to trade, just to say, $ 542, is there a way to do it?
I know my request can seem stupid, but I figured out a way of profiting from trading forex, and this system only works if I am allowed to trade arbitrary amounts of money.

Best answer:

Answer by Ah Kiat
Hi, can I say that for one trade, you are allowed to lose up to $ 542 per trade?

If yes, then you will need to know from your strategy, what is number of pips measured from your entry price (EP) to your stop loss (SL) price?

And if you are trading EURUSD for example, 1 pip = USD$ 10.

You can use this formula Lot Size = (542) / nos of pips from your EP to your SL * $ 10

And if the trade does go against you and hit your stop loss, with the calculated lot size, you will lose up to $ 542 only.

Best Regards
Ah Kiat

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