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What trade size and leverage to use in forex?

Harshalgibbs
Mar 04 at 09:29
54 messages
asidefellow posted:
That’s what I would suggest to our friend Kyle also here. Try out different plans, test them out and make for yourself a strong trading plan which should consist of a) entry and exit signs, indicators, reward to risk ratio, leverage, trade size, sl, tp.

Yes, it’s all about a little bit of hit and trial and a lot and some luck. I remember in 2018 when I switched from alpari, I stumbled upon bollinger bands and keltner for the first time and that basically changed the game for me. Could easily locate strong breakouts. The volatility signaled by these indicators worked close to precise for me.

Harshalgibbs
Mar 04 at 09:31
54 messages
If I may continue on my tangent, I have been looking to explore more indicators and ichimoku kinko hyo in particular has got my attention. Does anyone here use it?

Halexpark899
Mar 05 at 03:58
25 messages
@harshalgibbs I do, on xm. If you like ichimoku, you would probably also like autochartist. You’d find autochartist for free on Instaforex and IC Markets.

Harshalgibbs
Mar 05 at 09:34
54 messages
Halexpark899 posted:
@harshalgibbs I do, on xm. If you like ichimoku, you would probably also like autochartist. You’d find autochartist for free on Instaforex and IC Markets.

Oh yeah, I already use autochartist. It’s sweet.

Halexpark899
Mar 06 at 03:58
25 messages
Instaforex is really good. It has a wide range of currency pairs for investment. And order execution is real time.

Harshalgibbs
Mar 09 at 09:33
54 messages
Halexpark899 posted:
Fxview is good but Instaforex is really good. It has a wide range of currency pairs for investment. And order execution is real time.

I guess every broker has some perks. Like fxview for example, has real good execution time. I think we’re diverging though lol. What about that autochartist?

Gracewilson1995
Mar 09 at 10:29
147 messages
i use depending on the instrument and the time. i can sometime trade on 10 lots with 500X leverage or sometme 0.01 lots..

Christopher332
Mar 10 at 04:38
23 messages
@Harshal From the horse’s mouth - it works swell for alerts and zoning in the chart patterns. I have been using it on MT5 from quite a bit now, but now that I am getting experimental and planning on trying the demos for other trading platforms, I will have to change my first preference of indicator

Mikehussey
Mar 10 at 07:06
58 messages
Chris, that’s quite some talk for something with a 2.5 rating on forexpeacearmy!

Maxwelljoe
Mar 10 at 10:47
29 messages
Mikehussey posted:
Chris, that’s quite some talk for something with a 2.5 rating on forexpeacearmy!

See on your own dude, never go by rating, although I agree FPA is a good source for a lot of trading info, but still go with your own trial. I tested this tool out on a few of the broker sites, forextime, and then started more aggressive use of autochartist.

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