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 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.
@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 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!
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 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 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 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 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 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.
