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Elena Triston (ele020)
Feb 20 at 08:31
120 posts
Kylealker87 posted:
ele020 posted:
jaspertan posted:
I think the best method to determine trade size and leverages is what is your risk taking capacity. Because if you take high leverages or bigger lot sizes then it will destroy your capital

Rightly said mate. Higher the leverage higher are the chances to blow up your account.

But I literally got convinced here that whether you use low/high leverage, percentage you are gonna use is only proportional to your capital, so it doesn’t really matter

It is true only if the market is going as per your trades, but if there is a major movement in the opposite direction, if you are using higher leverage, it will multiply the losses as well.

The more your practice, the more you learn.
ramirokeller
Feb 22 at 03:51
15 posts
Aim high! Lose a lot! Quit trading!

morannon
Feb 22 at 12:24
16 posts
ramirokeller posted:
Aim high! Lose a lot! Quit trading!

Okay?! Why not it play safe - itrade less, monitor your trades closely, and quit as per your exit strategy? I always use EA on MT4. You can find that on fxpro and fxview. That leaves me with no room to doubt myself or my backtested trading plan. And at this point I can say that it's all going rather well.

asidefellow
Feb 22 at 13:29
31 posts
That’s what I would suggest to our friend Kyle also here. Try out different plans, test them out and make for yourself a strong trading plan which should consist of a) entry and exit signs, indicators, reward to risk ratio, leverage, trade size, sl, tp.

Mikehussey
Feb 23 at 05:11
51 posts
ramirokeller posted:
Aim high! Lose a lot! Quit trading!

I would never suggest this to any beginner. This is quite demotivating for the ones who are planning to learn.

lovefortrading (perryjohn765)
Feb 23 at 05:40
130 posts
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.

Jakemark
Feb 23 at 10:35
36 posts
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.

Kylealker87
Feb 23 at 11:55
33 posts
perryjohn765 posted:
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.

But there has to be some math to it right? That’s what I am in search of!

nincompoop
Feb 23 at 12:29
19 posts
Jakemark posted:
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.

With experiences, strategies also matter. A newbie does not have experience but can work on strategies to make profits. And if you are facing difficulties in it, choose a broker who can make it easy for you. I take help of automated trading through fxview and XM when I doubt my strategies.

Marshshaun
Feb 24 at 06:30
25 posts
nincompoop posted:
Jakemark posted:
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.

With experiences, strategies also matter. A newbie does not have experience but can work on strategies to make profits. And if you are facing difficulties in it, choose a broker who can make it easy for you. I take help of automated trading through fxview and XM when I doubt my strategies.

I have done the same in my starting days but now I myself can make my way out.

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