Feb 25 2021 at 17:26
Traders need high capital to trade with 100 lot. It is also extremely risky.
Mar 01 2021 at 08:22
If you have enough money to trade and have a proper risk reward ratio in terms of return, then go ahead.
High lots trading can be risky. If you have just started trading, stick to 100 lots. Once you will be able to fill up that frequently, you can level up your lots.
Mar 03 2021 at 04:03
Demo trading is good George. But one can also choose nano lots for trading in forex.
Mar 03 2021 at 08:02
You are doing it right. Starting off with 100 lots is a better way in order to take low risks. In micro accounts, trading volume is low and some brokers give you no or minimum deposits and don’t even charge for deposits. I know the profits might be low but it’s good to keep it slow, rather than running fast and losing.
Consider trying that out in demo trading and see it feels for you. You will get your answer there.
Mar 05 2021 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 2021 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 2021 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 2021 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 2021 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 2021 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 09 2021 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.
Mar 09 2021 at 04:34
When you are using a tool like a risk management calculator or something similar with the desired output, it gets easier for you to determine the best lot size based on your current trading account assets. Whether you are on your demo account or trading live, you will get to understand the amount you would like to risk.
Mar 09 2021 at 09:27
Remember that a bigger lot size may bring great risks, which means that you can see big profits and big losses. If you are prepared for that already, go on and trade off!
As long as you know what you are doing, there is nothing to be worried about. The order gets filled quickly without much change in the price.
I am not sure how much you are risking per trade. In order to determine the right lot size, you will be required to determine your risk in percentage. Talking about my previous trades with turnkeyforex and fxtm, I follow the 1% rule. In case a trade closes out for a loss, no more than 1% of my account balance is at risk.
Mar 11 2021 at 10:57
I’m not a risk taker and always find trading comfortable when there’s a decent balance between the capital I invest and the risk I’m willing to take.
Mar 11 2021 at 11:25
That’s crazy . Please don’t do it.
