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What trade size and leverage to use in forex?

fafduplesis
Feb 03 at 12:28
25 messages
asidefellow posted:
You can trade whichever lot you want, just remember to keep leverage at bay. That way you will keep yourself safe in the long run.

Care to explain how?

asidefellow
Feb 04 at 11:18
37 messages
@Fafduplesis It's simple really. When you suffer a loss while using high leverge, the loss in the trade would be totalled according to the leverage ratio. If the leverage is very high the trader would take high risk. For example a trader took 50 times the real leverage on his 10,000 dollars capital, the trader would short/long 5 lots of the currency.

inspirenez
Feb 05 at 04:55
59 messages
Leverages can be a great tool but then with the good things comes the risk; which is substantially high. If you win the trade you reap good profits.

Maitlandniles
Feb 05 at 06:37
19 messages
The leverages and trade size can also be calculated through trade calculators. I have been using Fxview's Fibonacci retracements from the charts through the extreme points. This helps me verify strategies which I can then also apply to my Instaforex account to find the retractments. Fibonacci retracements is bomb!

Fabiandelph842
Feb 05 at 10:49
24 messages
Leverages and trade size should be decided on the confidence and real risk taking capacity.

Collingwood112
Feb 05 at 13:10
22 messages
I think before going to the standard lot directly, a trader should trade micro lots. This will give him a real experience because in demo, the emotional response is quite different from the real one subconsciously.

asidefellow
Feb 06 at 11:13
37 messages
tracepharikson55 posted:
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.

I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.

tacosgild
Feb 06 at 12:15
18 messages
asidefellow posted:
tracepharikson55 posted:
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.

I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.

Let’s not forget the chart figures and support and resistance lines. I made a demo account with FXview and Pepperstone and understood in detail how to configure different charts for technical analysis and the margin used depending on the leverage.

marnuslabushane
Feb 08 at 09:54
40 messages
tacosgild posted:
asidefellow posted:
tracepharikson55 posted:
@Collingwood112 Even I started with a demo account of plus500 and then when I went live with fxview, I invested $100 and made my first trade. Eventually I raised my capital amount and it’s been all good.

I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.

Let’s not forget the chart figures and support and resistance lines. I made a demo account with FXview and Pepperstone and understood in detail how to configure different charts for technical analysis and the margin used depending on the leverage.

I am about to open a live account and have been wondering if I can make some money out of it.

Numeromatt
Feb 08 at 12:03
38 messages
Same type of money you will not make as you did in the demo. Demo account I believe works to offer you live quotes and a virtual portfolio to learn from the real market conditions.

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