100 lots to start off!

Traders need high capital to trade with 100 lot. It is also extremely risky.

If you have enough money to trade and have a proper risk reward ratio in terms of return, then go ahead.

High lots trading can be risky. If you have just started trading, stick to 100 lots. Once you will be able to fill up that frequently, you can level up your lots.

Consider trying that out in demo trading and see it feels for you. You will get your answer there.

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.

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.

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.

That’s crazy . Please don’t do it.

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 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.

williamhayes posted:

mitchelstrack posted:
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.

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 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.

Using a big lot size on a small account is just gambling. It may work but it may also wipe out your entire account. May as well go down the casino

As you have asked it here, you will get answers one way or the other. But it’s how it worked for others. I suggest first test different trade entry methods with a backtesting program and forward test your system in live market conditions. For both of these, use your demo account and not the real money account.

Smaller positions are obviously a better option as you can scale out of them quite easily.

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.

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.