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CONSISTENCY IN LOT SIZE
på
Erfaren Traders
Jul 24, 2024 at 03:00
Understanding the Risks of Inconsistent Lot Sizes in Forex TradingI first posted about this 14years ago. Today ,24/07/2024 my position about the topic still remains the same. In the fast-paced world of Forex trading, it's easy to get swept up in the excitement and place trades using varying lot sizes. However, this practice can have several significant drawbacks:Difficulty in Assessing Performance: Using different lot sizes for each trade makes it challenging to evaluate your trading performance accurately. Consistency is key to understanding what strategies work and which don't....
LOT SIZE CONSISTENCY
på
Erfaren Traders
Nov 18, 2010 at 00:00
Trading is all about makingdecisions. That seems simpleand straightforward enough, butI’m not referring to the typical‘buy or sell,’ ‘how much,’ or‘where’-type trading decisions.Instead I’m talking about thelikely biggesttrading decisionyou’ll ever make-Deciding exactlywhat kind oftrader you wantto be. How willyou approachthe market ?What timeframewill you focuson? Whatwill informyour tradingdecisions ? Inshort, decidingwhat tradingstyle you willpursue willprobably be thesingle biggestdeterminant of your tradingsuccess or failure.From my ex...
LOT SIZE CONSISTENCY
på
Erfaren Traders
Oct 26, 2010 at 23:26
Many traders get carried away in the euphoria placing trades using varying lot sizes. The major disadvantage is that it does not allow you assess you performance easily It brings about Trade Inconsistency It brings about lack of trust in your trade deploymentsIt gives drawdowns easily i.e a 1.0 lot size 5 wins can bee brought down by a singe 5.0 LossIt kills your confidence as an experienced trader . i will love us to discuss this issue as it portends to be one of the major reasons why people fail in foreign exchange trading
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