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100 lots to start off!

keatonrichard (keatonrichard)
Mar 09 at 04:34
30 poster
When you are using a tool like a risk management calculator or something similar with the desired output, it gets easier for you to determine the best lot size based on your current trading account assets. Whether you are on your demo account or trading live, you will get to understand the amount you would like to risk.

Mar 09 at 09:27
24 poster
Remember that a bigger lot size may bring great risks, which means that you can see big profits and big losses. If you are prepared for that already, go on and trade off!

Mar 09 at 11:36
24 poster
LeviSievwright5 posted:
If your investment is good, lot selection will be based on that investment. If you do not follow money management, you will not be able to trade properly.

Absolutely, without planning on the money bit, how can one expect to earn some more?!

Mar 09 at 11:51
20 poster
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.

Mar 10 at 04:44
17 poster
As long as you know what you are doing, there is nothing to be worried about. The order gets filled quickly without much change in the price.

Mar 10 at 07:23
22 poster
I am not sure how much you are risking per trade. In order to determine the right lot size, you will be required to determine your risk in percentage. Talking about my previous trades with turnkeyforex and fxtm, I follow the 1% rule. In case a trade closes out for a loss, no more than 1% of my account balance is at risk.

Mar 11 at 10:57
26 poster
I’m not a risk taker and always find trading comfortable when there’s a decent balance between the capital I invest and the risk I’m willing to take.

78678676 (78678676)
Mar 11 at 11:25
84 poster
That’s crazy . Please don’t do it.

Mar 12 at 10:21
17 poster
Yeah that’s what we’re all here for @Fred, but I’m curious to know as to how you maintain this “balance”?

Mar 12 at 10:54
26 poster
leecopp posted:
Yeah that’s what we’re all here for @Fred, but I’m curious to know as to how you maintain this “balance”?

Really nothing complex or statistical. I just know how to use the stop-loss and target the levels.

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