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What trade size and leverage to use in forex?

Christian Paul (8christianpaul8)
Jan 06 at 06:18
87 комментариев
That's a micro lot. Nano is tenth of micro. So, he wants a 0.001 which is not offered on a standard account. That's why a cent account is an option.

Mitchelsantner
Jan 06 at 10:52
34 комментариев
marktaylor posted:
Minimum order size with all brokers I’ve been using has started from 0.01 lots. Not sure whether you term it micro or nano.

0.01 lot size is good for risk management. Risk 1% of your capital on this trade size and you won’t completely be on the verge of blowing up your account as a beginner.

Kylealker87
Jan 06 at 13:35
34 комментариев
8christianpaul8 posted:
Nano lot is 0.1 lot of a cent account.

Correct me if I'm wrong here, cent and micro accounts are the same isn't it, it's just different terminology used by different brokers. This has been my observation.

Christian Paul (8christianpaul8)
Jan 06 at 13:46
87 комментариев
Yes, it looks like they're the same. RoboForex call their account, cent account, and HotForex call it, micro account. Their 1 lot is 1000 units in comparison to 100,000 units on standard accounts.

Christian Paul (8christianpaul8)
Jan 06 at 13:50
87 комментариев
If it would also be considered when picking brokers, if the broker offers cent or micro account, it means that they're a market maker for sure. Since no liquidity providers accept below 100,000 units of trades.

marktaylor
Jan 07 at 05:57
21 комментариев
8christianpaul8 posted:
Open a cent account. My broker, RoboForex, has one. I think other brokers offer cent accounts too. I think cent account's 1 lot size is 0.01 on a standard account. And you can go lower like 0.01 lot on cent account depending on the broker you choose.

Will surely try it out on demo acounts of brokers that offer this, I'm open to new strategies.

Lycineandrew
Jan 07 at 08:38
37 комментариев
marktaylor posted:
Minimum order size with all brokers I’ve been using has started from 0.01 lots. Not sure whether you term it micro or nano.

That’s nano lots. XM and exness offer variable trade size. Worth checking out for their leverage too. Although 2000:1 offered by exness might be a bit much for starters. Reason I have been mostly sticking with XM all these years is their execution. None of my orders have ever been refused and max orders get filled in less than a second. This wasn’t the case with the broker I started out with, so not sure if most brokers are this real time.

Darrensmith
Jan 08 at 05:44
37 комментариев
Exness is good too, I have been using them from quite sometime now, hardly get requotes.

Christian Paul (8christianpaul8)
Jan 08 at 05:49
87 комментариев
XM is good. XM is my very first broker. What they say is true that no requotes. Though I blew a few accounts with them due to my own mistakes as a newbie. I switched to RoboForex because of the free VPS and good profit share bonus. When I get more capital to open a new account, I will open an account with XM again.

Elena Triston (ele020)
Jan 08 at 08:21
219 комментариев
Kylealker87 posted:
Nano/micro/mini lot with less risks. Looking for suggestions!

Low leverages always, high leverage clearly means more gamble. If you can afford to lose more, then for sure go for high leverage, but if you are a retail trader, 50X is more than enough.

The more your practice, the more you learn.
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