Mar 04 at 11:01
ddarko3 posted:
Consider trying that out in demo trading and see it feels for you. You will get your answer there.
It’s all good there, on a demo account I mean.
Mar 05 at 09:38
Ericdier752 posted:
Demo trading is good George. But one can also choose nano lots for trading in forex.
Even I feel that! Demo trading can help you determine the best lot size you should use. You can also use the position size calculators offered by several brokers including turnkeyforex and etoro to determine what the best lot size would be as per your investments.
Mar 05 at 11:55
Trade in micro lots if you are a beginner and serious about trading. It lets you keep your position sizes smaller to fine tune risk on your small account.
Mar 05 at 13:00
Though I keep my position size 50 lots that get filled instantly without any noticeable reaction in the price, I occasionally execute orders in 100 lots with the aim of liquidating positions and it works.
Mar 06 at 05:26
The thing that matters is making yourself familiar with different order types when trading any significant position size. In some cases, you may also get to attach a slippage control to the market order.
Mar 06 at 07:40
To trade with 100 lots, you will need to invest a big amount. As a beginner, I don’t think you must be doing that. Think before you make your investment.
Mar 07 at 10:24
It is very important to have a positive trading mindset. A lot of education is needed to develop trading skills. It is never possible to make a trading profit without education.
Mar 08 at 11:10
The choice of the lot size depends on your investments. As a day trader, it may take some months and as a swing trader, you will take around two years while taking care of risk management to trade 100 lots.
Mar 08 at 12:45
DanielGlaus posted:
It is very important to have a positive trading mindset. A lot of education is needed to develop trading skills. It is never possible to make a trading profit without education.
I don’t deny that at all, nobody should enter trading world without proper knowledge. Simply knowing the basic stuff won’t do.
Mar 09 at 02:05
If your investment is good, lot selection will be based on that investment. If you do not follow money management, you will not be able to trade properly.
