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100 lots to start off!

Keaton Richards (keatonrichard)
Mar 27 at 04:34
posts 30
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 at 11:06
posts 4
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 at 05:37
posts 26
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 at 11:18
posts 26
Get the basics right first. Get the proper training and then, commit any hard earned money in forex.

ceceliagreer
Apr 09 at 04:58
posts 21
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 at 07:57
posts 187
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 at 11:33
posts 658
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 at 11:03
posts 12
Yes, that is the right way to start and you can easily trade as per your capital. It totally depends on you.

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