What trade size and leverage to use in forex?

totally depends on the willingness and affordability to lose. there is no particular suggestion or correct lot or trade size.

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.

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!

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.

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.

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.

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.

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.

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.

Exactly Gary, I don’t understand why people are so much against demo trading. Like what’s better than losing nothing and still trading.

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.

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?

Instaforex is really good. It has a wide range of currency pairs for investment. And order execution is real time.

i use depending on the instrument and the time. i can sometime trade on 10 lots with 500X leverage or sometme 0.01 lots..

@Harshal From the horse’s mouth - it works swell for alerts and zoning in the chart patterns. I have been using it on MT5 from quite a bit now, but now that I am getting experimental and planning on trying the demos for other trading platforms, I will have to change my first preference of indicator

how is it with fxtm, does it offer autochartist for free? @Max

Collingwood112 posted:

Halexpark899 posted:
@harshalgibbs I do, on xm. If you like ichimoku, you would probably also like autochartist. You’d find autochartist for free on Instaforex and IC Markets.

Yeah it is available with some brokers for free. The chart pattern recognition and alert system is useful. Gives me some clarity with support, resistance levels and price forecasts.

I keep struggling to figure out the technical analysis part and I’ve been trying to get better at it. Was recently looking at some fibonacci retracement on MT4. Anyway, are you getting it for free with your brokers?