What trade size and leverage to use in forex?
Member Since Sep 30, 2020
58 posts
Feb 01, 2021 at 08:22
Practice enough on a demo account first.
Member Since Jun 29, 2020
38 posts
Feb 02, 2021 at 09:53
Mikehussey posted:Yes, there’s no other way of finding out how you should be trading. A demo account will tell you if your strategy is right, or if you need to make any changes.
Practice enough on a demo account first.
Member Since Nov 19, 2020
21 posts
Feb 03, 2021 at 06:32
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.
Member Since Oct 26, 2020
37 posts
Feb 03, 2021 at 10:14
You can trade whichever lot you want, just remember to keep leverage at bay. That way you will keep yourself safe in the long run.
Member Since Oct 26, 2020
37 posts
Feb 04, 2021 at 11:18
@Fafduplesis It's simple really. When you suffer a loss while using high leverge, the loss in the trade would be totalled according to the leverage ratio. If the leverage is very high the trader would take high risk. For example a trader took 50 times the real leverage on his 10,000 dollars capital, the trader would short/long 5 lots of the currency.
Member Since Jun 15, 2020
59 posts
Feb 05, 2021 at 04:55
Leverages can be a great tool but then with the good things comes the risk; which is substantially high. If you win the trade you reap good profits.
Member Since Nov 17, 2020
19 posts
Feb 05, 2021 at 06:37
The leverages and trade size can also be calculated through trade calculators. I have been using Fxview's Fibonacci retracements from the charts through the extreme points. This helps me verify strategies which I can then also apply to my Instaforex account to find the retractments. Fibonacci retracements is bomb!
Member Since Oct 26, 2020
37 posts
Feb 06, 2021 at 11:13
tracepharikson55 posted:I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.
Feb 06, 2021 at 12:15
asidefellow posted:Let’s not forget the chart figures and support and resistance lines. I made a demo account with FXview and Pepperstone and understood in detail how to configure different charts for technical analysis and the margin used depending on the leverage.tracepharikson55 posted:I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.
Member Since Jun 29, 2020
38 posts
Feb 08, 2021 at 12:03
Same type of money you will not make as you did in the demo. Demo account I believe works to offer you live quotes and a virtual portfolio to learn from the real market conditions.
Member Since Oct 26, 2020
37 posts
Feb 09, 2021 at 11:05
marnuslabushane posted:You can, only if the brokers are running contests. There are few who do that but majority brokers avoid spending so much money via bonuses.tacosgild posted:I am about to open a live account and have been wondering if I can make some money out of it.asidefellow posted:Let’s not forget the chart figures and support and resistance lines. I made a demo account with FXview and Pepperstone and understood in detail how to configure different charts for technical analysis and the margin used depending on the leverage.tracepharikson55 posted:I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.
Feb 10, 2021 at 09:18
jaspertan posted:Rightly said mate. Higher the leverage higher are the chances to blow up your account.
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
The more your practice, the more you learn.
Member Since Nov 20, 2020
21 posts
Feb 10, 2021 at 12:52
deckking posted:Also broker fee is important because it helps us get the amount that is debited from the trade. I have used Fxview and IG for my trading needs and it has all these features. Give their deme a shot !
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.
Member Since Jun 29, 2020
38 posts
Feb 11, 2021 at 10:35
deckking posted:Demo accounts are not so helpful because we are not gaining emotional control of ourselves while we trade demos.
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.
Feb 11, 2021 at 13:11
Numeromatt posted:Yes absolutely true, people tend to do revenge trading which becomes the pivotal point in their downfall.deckking posted:Demo accounts are not so helpful because we are not gaining emotional control of ourselves while we trade demos.
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.
Member Since Nov 26, 2020
18 posts
Feb 15, 2021 at 05:11
It is also a good method to allocate the trade according to the risk because then we can be assured that what we are getting out of that trade. If you are new to the trading world then the best method would be to trade micro lots because of the low risk.
Feb 15, 2021 at 11:43
lurescrand posted:Personally I think there is no harm in using leverages because if you know what you are doing and are sure, a leverage trade would bring you profit. It is okay then to use leverages.
Yes Dennis, and standard lots would be a big no, same with high leverage.
Member Since Jun 29, 2020
38 posts
Feb 16, 2021 at 09:43
dennisstanley posted:There are several types of lots you can trade and even True Dennis, for someone new micro lots is suitable. But overall, standard lots and no matter how much leverage you use it all depends on your learning capacity.
It is also a good method to allocate the trade according to the risk because then we can be assured that what we are getting out of that trade. If you are new to the trading world then the best method would be to trade micro lots because of the low risk.
