What trade size and leverage to use in forex?
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
Feb 23, 2021 at 05:40
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
Member Since Nov 11, 2020
34 posts
Feb 23, 2021 at 11:55
perryjohn765 posted:But there has to be some math to it right? That’s what I am in search of!
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
Member Since Oct 27, 2020
21 posts
Feb 23, 2021 at 12:29
Jakemark posted: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.
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.
Feb 24, 2021 at 07:06
(edited Feb 24, 2021 at 07:06)
Kylealker87 posted:Start out small.... Like .01 or .02. If you are making consistent pocket change, slowly increase your size. I know the small gains suck but you are practicing your strategy.perryjohn765 posted:But there has to be some math to it right? That’s what I am in search of!
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
Member Since Nov 11, 2020
34 posts
Feb 24, 2021 at 13:12
LoMazen posted:Hey! That’s something new! I only knew of it as a sports car :) will surely look it up and research more details, thanks a ton!
The Delorean strategy has taught DELONATION to risk 2% per trade with a gain of at least 4%, a minimum risk to reward ratio of 1:2. With this risk management, someone with an accuracy of 37% could still be profitable.
Member Since Nov 17, 2020
19 posts
Mar 01, 2021 at 04:17
amybuke posted:You, surely, are earning something through demo trading. You are earning knowledge to trade in real markets so that you can know about broker’s trading conditions and understand how one can analyse the market. I have been in the trading world for a long time but still I demo trade sometimes. You can try different brokers for the same like Fxview, Etoro, etc. Their demo and live prices are similar.starmyth posted:Don’t waste your time in demo trading. You are earning nothing.
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Member Since Nov 10, 2020
24 posts
Mar 01, 2021 at 10:12
Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.
Member Since Jun 22, 2020
4 posts
Mar 01, 2021 at 12:21
Garyneville221 posted:I am also demo trading through a broker but it is giving me 0 spreads all the time, I think that’s unrealistic. After reading your comment I think I should also try Fxview or etoro once.amybuke posted:You, surely, are earning something through demo trading. You are earning knowledge to trade in real markets so that you can know about broker’s trading conditions and understand how one can analyse the market. I have been in the trading world for a long time but still I demo trade sometimes. You can try different brokers for the same like Fxview, Etoro, etc. Their demo and live prices are similar.starmyth posted:Don’t waste your time in demo trading. You are earning nothing.
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Mar 02, 2021 at 05:40
Georgegiffen43 posted:hahahaha, true that..... Why wouldn't someone want to practice without loosing a penny?
Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.
The more your practice, the more you learn.
Member Since Nov 07, 2020
25 posts
Mar 06, 2021 at 03:58
Instaforex is really good. It has a wide range of currency pairs for investment. And order execution is real time.
Member Since Jan 11, 2019
147 posts
Mar 09, 2021 at 10:29
i use depending on the instrument and the time. i can sometime trade on 10 lots with 500X leverage or sometme 0.01 lots..
Member Since Nov 05, 2020
23 posts
Mar 10, 2021 at 04:38
@Harshal From the horse’s mouth - it works swell for alerts and zoning in the chart patterns. I have been using it on MT5 from quite a bit now, but now that I am getting experimental and planning on trying the demos for other trading platforms, I will have to change my first preference of indicator
Member Since Oct 29, 2020
53 posts
Mar 15, 2021 at 12:49
how is it with fxtm, does it offer autochartist for free? @Max
Member Since Nov 23, 2020
15 posts
Mar 17, 2021 at 05:42
Collingwood112 posted:I keep struggling to figure out the technical analysis part and I’ve been trying to get better at it. Was recently looking at some fibonacci retracement on MT4. Anyway, are you getting it for free with your brokers?Halexpark899 posted:Yeah it is available with some brokers for free. The chart pattern recognition and alert system is useful. Gives me some clarity with support, resistance levels and price forecasts.
@harshalgibbs I do, on xm. If you like ichimoku, you would probably also like autochartist. You’d find autochartist for free on Instaforex and IC Markets.
Bennie Riley (bennieriley)
Member Since Jun 09, 2020
36 posts
Mar 25, 2021 at 10:07
The only rule that I follow when trading forex is not to risk more than 1-2% of my account size per trade. As far as using leverage is concerned, it depends on how much you are comfortable with.
