What trade size and leverage to use in forex?
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
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.
Feb 17, 2021 at 10:00
Mikehamilton posted:I am yet to sail that boat, kind of doing okay with fixed stops at the moment. Maybe ill try trailing stops in demo.deckking posted:The risk can be further mitigated through the stop losses. I have been using fixed stop losses for all of my trades through etoro but I saw that trailing stop losses are far more useful when I started trading with fxview. There is much more flexibility.
Leverages are risky but when you are trading micro lots it can be boon for the traders because then with little amounts and NBP you can trade many positions.
Feb 18, 2021 at 05:41
starlavey posted:Agreed, these numbers will always vary according to what choices is a trader making concerned to risk and capital. One should be careful while using leverage though.
Trade size should always be on the basis of risk capacity. Leverages should be on basis of the trader and what is the ratio of win in the particular trade.
Feb 18, 2021 at 13:32
There’s a certain % that you must be prepared to lose in a trade, based on that, calculate your leverage ratio and trade size that you want to use. What I do is, instead of investing all of my capital in one go, I split my orders on micro lots of fxview, xtb and trade. So your style of trading and preferences are going to shape a lot of things.
Member Since Nov 19, 2020
22 posts
Feb 18, 2021 at 13:35
Advantages of micro lots are truly endless:
Lower risk
More flexibility
Great for learning position sizing
Lower risk
More flexibility
Great for learning position sizing
Member Since Nov 11, 2020
34 posts
Feb 19, 2021 at 13:33
ele020 posted: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 matterjaspertan 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
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Feb 20, 2021 at 08:31
Kylealker87 posted: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.ele020 posted: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 matterjaspertan 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 23, 2020
17 posts
Feb 22, 2021 at 03:51
Aim high! Lose a lot! Quit trading!
Member Since Oct 26, 2020
37 posts
Feb 22, 2021 at 13:29
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.
Member Since Sep 30, 2020
58 posts
Feb 23, 2021 at 05:11
ramirokeller posted:I would never suggest this to any beginner. This is quite demotivating for the ones who are planning to learn.
Aim high! Lose a lot! Quit trading!
