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100 lots to start off!

tinklesmoker
Mar 12 at 11:21
24 комментариев
78678676 posted:
That’s crazy . Please don’t do it.

Okay :() I have not been told that outrightly :) why though

Willemcurtis
Mar 12 at 13:19
26 комментариев
ReaderTrimble33 posted:
You seem to have a big heart! I have not personally done it but have monitored a friend’s account who was using an EA that would routinely place market orders of 100 lots or more. Frankly speaking, it was fun and terrifying to watch at the same time.

I believe you but you can try this strategy on your own without the help of an EA. The best lot size depends on your capital, experience, goals, and the risk tolerance capacity. Try this on a demo account of your broker. I started with turnkeyforex and XM since they allow the minimum size of micro lot to be 0.01 and can go up to 100 lots if you wish to experiment.

leecopp
Mar 13 at 07:04
17 комментариев
Does position size have anything to do with the number of lots and making the trade profitable?

Sarjohn (Sarjohn)
Mar 15 at 10:39
167 комментариев
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.

mitchelstrack
Mar 15 at 12:35
30 комментариев
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.

tinklesmoker
Mar 15 at 13:37
24 комментариев
Sarjohn posted:
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 have been doing pretty fine on demo.

williamhayes
Mar 16 at 04:40
39 комментариев
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.

DawnDanny
Mar 16 at 10:07
14 комментариев
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.

williamhayes
Mar 17 at 04:55
39 комментариев
leecopp posted:
Does position size have anything to do with the number of lots and making the trade profitable?

The position size is usually determined by the number of lots. It also depends on the size or type of lot that you buy or sell in a trade.

leecopp
Mar 17 at 07:30
17 комментариев
williamhayes posted:
leecopp posted:
Does position size have anything to do with the number of lots and making the trade profitable?

The position size is usually determined by the number of lots. It also depends on the size or type of lot that you buy or sell in a trade.

So the type of lot can be micro, mini or standard right?

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