Jan 04 2021 at 12:08
Nano/micro/mini lot with less risks. Looking for suggestions!
That depends on your account capital and trading experience. If you don't know what you are doing yet, better to start with demo. It depends on your position sizing too.
Trading is a marathon, not a sprint.
How much do you risk per trade? How many pips is your stop loss? Once you know these two, you can compute for the lot size for each trade.
Trading is a marathon, not a sprint.
Jan 05 2021 at 10:27
Nano lots would be so hard to find with any broker, mostly with what i've seen with fxview or ICM or fxpro they have micro lots. Better go for 0.01 lot and low leverage, you won't get more than 30x with regulated ones either way.
Jan 05 2021 at 12:56
8christianpaul8 posted:I have traded on micro lot few times in the past, but not with the kind of returns as I had anticipitated. Got suggested on using nano lots instead but couldn't find a broker that offers that trade size. So I am here!
That depends on your account capital and trading experience. If you don't know what you are doing yet, better to start with demo. It depends on your position sizing too.
Jan 05 2021 at 13:33
IvanMelnik posted:What would you define as low leverage?
Nano lots would be so hard to find with any broker, mostly with what i've seen with fxview or ICM or fxpro they have micro lots. Better go for 0.01 lot and low leverage, you won't get more than 30x with regulated ones either way.
Guys, if you have a specific amount of risk per trade, account leverage doesn't matter much unless you plan to open a lot of trades that would lower your margin % that might lead to reaching a stopout level. Let's say on a trade, you plan to lose 100 dollars with a 50-pip stoploss, regardless if your leverage is 1:1, 1:10, 1:100, or even 1:3000, your risked amount would still remain the same which is 100 dollars. Given you have the correct position sizing.
Trading is a marathon, not a sprint.
Open a cent account. My broker, RoboForex, has one. I think other brokers offer cent accounts too. I think cent account's 1 lot size is 0.01 on a standard account. And you can go lower like 0.01 lot on cent account depending on the broker you choose.
Trading is a marathon, not a sprint.
Nano lot is 0.1 lot of a cent account.
Trading is a marathon, not a sprint.
Jan 06 2021 at 04:58
Minimum order size with all brokers I’ve been using has started from 0.01 lots. Not sure whether you term it micro or nano.
That's a micro lot. Nano is tenth of micro. So, he wants a 0.001 which is not offered on a standard account. That's why a cent account is an option.
Trading is a marathon, not a sprint.
Jan 06 2021 at 10:52
marktaylor posted:0.01 lot size is good for risk management. Risk 1% of your capital on this trade size and you won’t completely be on the verge of blowing up your account as a beginner.
Minimum order size with all brokers I’ve been using has started from 0.01 lots. Not sure whether you term it micro or nano.
Jan 06 2021 at 13:35
8christianpaul8 posted:Correct me if I'm wrong here, cent and micro accounts are the same isn't it, it's just different terminology used by different brokers. This has been my observation.
Nano lot is 0.1 lot of a cent account.
Yes, it looks like they're the same. RoboForex call their account, cent account, and HotForex call it, micro account. Their 1 lot is 1000 units in comparison to 100,000 units on standard accounts.
Trading is a marathon, not a sprint.
If it would also be considered when picking brokers, if the broker offers cent or micro account, it means that they're a market maker for sure. Since no liquidity providers accept below 100,000 units of trades.
Trading is a marathon, not a sprint.
Jan 07 2021 at 05:57
8christianpaul8 posted:Will surely try it out on demo acounts of brokers that offer this, I'm open to new strategies.
Open a cent account. My broker, RoboForex, has one. I think other brokers offer cent accounts too. I think cent account's 1 lot size is 0.01 on a standard account. And you can go lower like 0.01 lot on cent account depending on the broker you choose.
Jan 07 2021 at 08:38
marktaylor posted:That’s nano lots. XM and exness offer variable trade size. Worth checking out for their leverage too. Although 2000:1 offered by exness might be a bit much for starters. Reason I have been mostly sticking with XM all these years is their execution. None of my orders have ever been refused and max orders get filled in less than a second. This wasn’t the case with the broker I started out with, so not sure if most brokers are this real time.
Minimum order size with all brokers I’ve been using has started from 0.01 lots. Not sure whether you term it micro or nano.
Jan 08 2021 at 05:44
Exness is good too, I have been using them from quite sometime now, hardly get requotes.
XM is good. XM is my very first broker. What they say is true that no requotes. Though I blew a few accounts with them due to my own mistakes as a newbie. I switched to RoboForex because of the free VPS and good profit share bonus. When I get more capital to open a new account, I will open an account with XM again.
Trading is a marathon, not a sprint.
Jan 08 2021 at 08:21
Kylealker87 posted:Low leverages always, high leverage clearly means more gamble. If you can afford to lose more, then for sure go for high leverage, but if you are a retail trader, 50X is more than enough.
Nano/micro/mini lot with less risks. Looking for suggestions!
The more your practice, the more you learn.
