100 lots to start off!
Membre depuis Jul 23, 2020
posts 869
Feb 25, 2021 at 17:26
Traders need high capital to trade with 100 lot. It is also extremely risky.
Membre depuis Feb 04, 2021
posts 35
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.
Membre depuis Jun 23, 2020
posts 26
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.
Membre depuis Jun 29, 2020
posts 26
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.
Membre depuis Jun 23, 2020
posts 26
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.
Membre depuis Dec 21, 2020
posts 26
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.
Membre depuis Feb 23, 2021
posts 26
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.
Membre depuis Nov 12, 2020
posts 25
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.
Membre depuis Jul 20, 2020
posts 298
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.
Keaton Richards (keatonrichard)
Membre depuis Jun 03, 2020
posts 30
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 10, 2021 at 07:23
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.
Membre depuis Jun 29, 2020
posts 26
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.
yana hansen (78678676)
Membre depuis Oct 16, 2020
posts 137
Mar 11, 2021 at 11:25
That’s crazy . Please don’t do it.
Membre depuis Oct 05, 2020
posts 30
Mar 15, 2021 at 12:35
I think a micro account can really save you from losses. I usually test my strategies through them. The capital requirement is low with them and right now I’m dealing with two $250 and $300 mini accounts.
Mar 16, 2021 at 10:07
williamhayes posted:I find micro accounts pretty interesting too. They sure set up a real trading environment but with a lot less money. It’s kind of fun to trade micro. I don’t go very high with the leverage so that doesn’t increase my risk so much. As for brokers, I have just opened some micro accounts with Instaforex and Turnkeyforex. Just trying my luck with them and see if these micro accounts can help me with profitable trading as well. Much better than demos I think.mitchelstrack posted:Yeah with micro lots it is also easier to go with risk management. Can’t say it is that simple with a standard lot. As for me, I too prefer micro accounts and trust me they can get a bit tricky at times. But the risk is definitely lower so it works out. I have micro accounts with Fxtm and Fp markets at the moment.
I think a micro account can really save you from losses. I usually test my strategies through them. The capital requirement is low with them and right now I’m dealing with two $250 and $300 mini accounts.
