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What trade size and leverage to use in forex?

asidefellow
Feb 09 at 11:05
37 postów
marnuslabushane posted:
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.

You can, only if the brokers are running contests. There are few who do that but majority brokers avoid spending so much money via bonuses.

jaspertan
Feb 10 at 03:54
15 postów
I think the best method to determine trade size and leverages is what is your risk taking capacity. Because if you take high leverages or bigger lot sizes then it will destroy your capital

Elena Triston (ele020)
Feb 10 at 09:18
219 postów
jaspertan posted:
I think the best method to determine trade size and leverages is what is your risk taking capacity. Because if you take high leverages or bigger lot sizes then it will destroy your capital

Rightly said mate. Higher the leverage higher are the chances to blow up your account.

The more your practice, the more you learn.
deckking
Feb 10 at 09:43
21 postów
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.

mitchelmarsh008
Feb 10 at 12:52
21 postów
deckking posted:
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.

Also broker fee is important because it helps us get the amount that is debited from the trade. I have used Fxview and IG for my trading needs and it has all these features. Give their deme a shot !

Numeromatt
Feb 11 at 10:35
38 postów
deckking posted:
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.

Demo accounts are not so helpful because we are not gaining emotional control of ourselves while we trade demos.

irkedduff
Feb 11 at 13:11
26 postów
Numeromatt posted:
deckking posted:
Start with a demo account, then nano/micro and after that standard. No matter what it will help you to develop how much capital you need for the trades.

Demo accounts are not so helpful because we are not gaining emotional control of ourselves while we trade demos.

Yes absolutely true, people tend to do revenge trading which becomes the pivotal point in their downfall.

brishleap
Feb 12 at 09:45
17 postów
The best thing about forex is that there are numerous methods of demo trading and calculations. There are multiple levels of calculation which can be done to understand the trades with a technical perspective

turduckenpant
Feb 12 at 11:54
29 postów
I think you should understand the trade size and its volume is dependent on the risk you can take. I have calculated my trades beforehand and the risk which is associated with it because then I will allocate the capital to that trade. I am using fib values, RSI using trade calculators from the Schwab, Fxview etc.

dennisstanley
Feb 15 at 05:11
18 postów
It is also a good method to allocate the trade according to the risk because then we can be assured that what we are getting out of that trade. If you are new to the trading world then the best method would be to trade micro lots because of the low risk.

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