Feb 20 2021 at 08:31
Kylealker87 posted:ele020 posted: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.
But I literally got convinced here that whether you use low/high leverage, percentage you are gonna use is only proportional to your capital, so it doesn’t really matter
It is true only if the market is going as per your trades, but if there is a major movement in the opposite direction, if you are using higher leverage, it will multiply the losses as well.
The more your practice, the more you learn.
Feb 22 2021 at 03:51
Aim high! Lose a lot! Quit trading!
Feb 22 2021 at 12:24
ramirokeller posted:
Aim high! Lose a lot! Quit trading!
Okay?! Why not it play safe - itrade less, monitor your trades closely, and quit as per your exit strategy? I always use EA on MT4. You can find that on fxpro and fxview. That leaves me with no room to doubt myself or my backtested trading plan. And at this point I can say that it's all going rather well.
Feb 22 2021 at 13:29
That’s what I would suggest to our friend Kyle also here. Try out different plans, test them out and make for yourself a strong trading plan which should consist of a) entry and exit signs, indicators, reward to risk ratio, leverage, trade size, sl, tp.
Feb 23 2021 at 05:11
ramirokeller posted:
Aim high! Lose a lot! Quit trading!
I would never suggest this to any beginner. This is quite demotivating for the ones who are planning to learn.
Feb 23 2021 at 05:40
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
Feb 23 2021 at 10:35
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.
Feb 23 2021 at 11:55
perryjohn765 posted:
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
But there has to be some math to it right? That’s what I am in search of!
Feb 23 2021 at 12:29
Jakemark posted:
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.
With experiences, strategies also matter. A newbie does not have experience but can work on strategies to make profits. And if you are facing difficulties in it, choose a broker who can make it easy for you. I take help of automated trading through fxview and XM when I doubt my strategies.
Feb 24 2021 at 06:30
nincompoop posted:Jakemark posted:
If someone faced losses, doesn’t mean that everyone would experience the same. Things work differently for different people depending on the fact that how well they are with their experiences.
With experiences, strategies also matter. A newbie does not have experience but can work on strategies to make profits. And if you are facing difficulties in it, choose a broker who can make it easy for you. I take help of automated trading through fxview and XM when I doubt my strategies.
I have done the same in my starting days but now I myself can make my way out.
Feb 24 2021 at 06:50
The Delorean strategy has taught DELONATION to risk 2% per trade with a gain of at least 4%, a minimum risk to reward ratio of 1:2. With this risk management, someone with an accuracy of 37% could still be profitable.
Feb 24 2021 at 07:06
Kylealker87 posted:perryjohn765 posted:
totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.
But there has to be some math to it right? That’s what I am in search of!
Start out small.... Like .01 or .02. If you are making consistent pocket change, slowly increase your size. I know the small gains suck but you are practicing your strategy.
Feb 24 2021 at 07:31
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Feb 24 2021 at 13:12
LoMazen posted:
The Delorean strategy has taught DELONATION to risk 2% per trade with a gain of at least 4%, a minimum risk to reward ratio of 1:2. With this risk management, someone with an accuracy of 37% could still be profitable.
Hey! That’s something new! I only knew of it as a sports car :) will surely look it up and research more details, thanks a ton!
Feb 26 2021 at 04:53
starmyth posted:
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Don’t waste your time in demo trading. You are earning nothing.
Feb 27 2021 at 11:01
You are doing it right @starmyth. Invest a good amount of your time in demo trading so that you don’t get confused in the live market and end up facing losses.
Mar 01 2021 at 04:17
amybuke posted:starmyth posted:
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Don’t waste your time in demo trading. You are earning nothing.
You, surely, are earning something through demo trading. You are earning knowledge to trade in real markets so that you can know about broker’s trading conditions and understand how one can analyse the market. I have been in the trading world for a long time but still I demo trade sometimes. You can try different brokers for the same like Fxview, Etoro, etc. Their demo and live prices are similar.
Mar 01 2021 at 10:12
Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.
Mar 01 2021 at 12:21
Garyneville221 posted:amybuke posted:starmyth posted:
@Shaun I also wish to have that experience very soon. I have just started with demo trading and it’s a long way to go yet.
Don’t waste your time in demo trading. You are earning nothing.
You, surely, are earning something through demo trading. You are earning knowledge to trade in real markets so that you can know about broker’s trading conditions and understand how one can analyse the market. I have been in the trading world for a long time but still I demo trade sometimes. You can try different brokers for the same like Fxview, Etoro, etc. Their demo and live prices are similar.
I am also demo trading through a broker but it is giving me 0 spreads all the time, I think that’s unrealistic. After reading your comment I think I should also try Fxview or etoro once.
Mar 02 2021 at 05:40
Georgegiffen43 posted:
Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.
hahahaha, true that..... Why wouldn't someone want to practice without loosing a penny?
The more your practice, the more you learn.
