Chcete-li používat chat, přihlaste se.
Zpět na Kontakty

100 lots to start off!

Sar John (Sarjohn)
Mar 22 2021 at 08:10
187 příspěvků
tinklesmoker posted:
Sarjohn posted:
If you are a new trader then You are taking a lot of risk, first try a demo if you feel that you won’t lose then go for live trading.

I have been doing pretty fine on demo.

If you are doing good on demo then you can certainly proceed to live trading but for being on a safer side I would say place trade with micro and mini lot size first.

Marshalsam877
Mar 22 2021 at 10:16
23 příspěvků
From what I know, trading big lot size with little capital is definitely very risky. It takes just a little drawdown to wipe out your forex trading account. But when you have a big trading capital, trading a big lot can get you good profits even with little price movements.

Greenwood
Mar 22 2021 at 10:59
13 příspěvků
Using a big lot size on a small account is just gambling. It may work but it may also wipe out your entire account. May as well go down the casino

DawnDanny
Mar 22 2021 at 13:20
14 příspěvků
Use lot size in accordance with the equity in your account. Make sure that you keep margin calls in mind. When you trade a small lot size, you can use a cut loss strategy but with larger lots, you have the risk of a big loss.

Scarymaniak
Mar 23 2021 at 09:46
28 příspěvků
While trading, focusing on risk management is quite essential otherwise you can make your account zero immediately. Somewhere, trading larger lots shows the greed of a trader. It might look attractive but bites in the end. Better be careful about the decisions you make.

tinklesmoker
Mar 23 2021 at 12:25
24 příspěvků
Sarjohn posted:
tinklesmoker posted:
Sarjohn posted:
If you are a new trader then You are taking a lot of risk, first try a demo if you feel that you won’t lose then go for live trading.

I have been doing pretty fine on demo.

If you are doing good on demo then you can certainly proceed to live trading but for being on a safer side I would say place trade with micro and mini lot size first.

Ya, but I want “real profits”.

Freddraven
Mar 23 2021 at 12:59
26 příspěvků
I trade small lots in different positions with oanda for a good edge in the market. You have the option of closing some and letting others run whenever the need be.

Lorencecolling
Mar 25 2021 at 05:02
49 příspěvků
If you have experience in trading micro and mini lots, you can use the standard lot. But 100 lots is a big number according to me. Try your system on the micro account first and see whether it is worth increasing your lot size or not.

DawnDanny
Mar 25 2021 at 09:45
14 příspěvků
As you have asked it here, you will get answers one way or the other. But it’s how it worked for others. I suggest first test different trade entry methods with a backtesting program and forward test your system in live market conditions. For both of these, use your demo account and not the real money account.

Markteshorn
Mar 26 2021 at 10:37
5 příspěvků
Smaller positions are obviously a better option as you can scale out of them quite easily.

Keaton Richards (keatonrichard)
Mar 27 2021 at 04:34
30 příspěvků
The choice of the right lot size depends on your success rate. Don’t skip things. If you have a success rate of 90% or more, bigger lots are an option. But if you are yet figuring out what works and what doesn’t, don’t waste your money on bigger lots. Go for smaller ones.

Paulbraighte
Mar 30 2021 at 11:06
4 příspěvků
keatonrichard posted:
The choice of the right lot size depends on your success rate. Don’t skip things. If you have a success rate of 90% or more, bigger lots are an option. But if you are yet figuring out what works and what doesn’t, don’t waste your money on bigger lots. Go for smaller ones.

True that! To add to it, I would also like to mention that irrespective of what position size you trade in, make sure that you have a safe stop loss associated with it.

Freddraven
Mar 31 2021 at 05:37
26 příspěvků
I think fewer trades are better as every time you trade, your broker takes away a certain amount in either commission or spread or both. Also, consider your risk to reward ratio. You don’t have to trade more frequently if you trade small lots.

caringloriana
Mar 31 2021 at 11:18
26 příspěvků
Get the basics right first. Get the proper training and then, commit any hard earned money in forex.

ceceliagreer
Apr 09 2021 at 04:58
21 příspěvků
It depends on your total capital and how much you are willing to trade and invest. If you have a higher capital, you can surely go with 100 lots.

Sar John (Sarjohn)
Apr 09 2021 at 07:57
187 příspěvků
tinklesmoker posted:
Sarjohn posted:
tinklesmoker posted:
Sarjohn posted:
If you are a new trader then You are taking a lot of risk, first try a demo if you feel that you won’t lose then go for live trading.

I have been doing pretty fine on demo.

If you are doing good on demo then you can certainly proceed to live trading but for being on a safer side I would say place trade with micro and mini lot size first.

Ya, but I want “real profits”.

If you are confident that you will gain a good amount of profits, then place a big lot size and try, but make sure that you invest that much capital which you are ready to lose as forex is a very unpredictable market.

SofieAndreasen
Apr 10 2021 at 11:33
736 příspěvků
ceceliagreer posted:
It depends on your total capital and how much you are willing to trade and invest. If you have a higher capital, you can surely go with 100 lots.

Even trading with 100 lots with high capital is risky. Set your lot size according to your trading plan and experience.

flossiewyman
Apr 21 2021 at 11:03
12 příspěvků
Yes, that is the right way to start and you can easily trade as per your capital. It totally depends on you.

Pokud chcete komentovat, přihlaste se .