100 lots to start off!
Feb 25, 2021 at 14:47
Vues 2,085
16 Replies
Membre depuis Jul 23, 2020
posts 816
Feb 25, 2021 at 17:26
Traders need high capital to trade with 100 lot. It is also extremely risky.
Membre depuis Feb 04, 2021
posts 32
Mar 01, 2021 at 08:22
If you have enough money to trade and have a proper risk reward ratio in terms of return, then go ahead.
Membre depuis Dec 21, 2020
posts 14
Mar 06, 2021 at 07:40
To trade with 100 lots, you will need to invest a big amount. As a beginner, I don’t think you must be doing that. Think before you make your investment.
Membre depuis Jul 20, 2020
posts 286
Mar 09, 2021 at 02:05
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.
Membre depuis Jun 03, 2020
posts 15
Mar 09, 2021 at 04:34
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.
Membre depuis Oct 05, 2020
posts 21
Mar 15, 2021 at 12:35
I think a micro account can really save you from losses. I usually test my strategies through them. The capital requirement is low with them and right now I’m dealing with two $250 and $300 mini accounts.
Mar 16, 2021 at 10:07
williamhayes posted:mitchelstrack posted:
I think a micro account can really save you from losses. I usually test my strategies through them. The capital requirement is low with them and right now I’m dealing with two $250 and $300 mini accounts.
Yeah with micro lots it is also easier to go with risk management. Can’t say it is that simple with a standard lot. As for me, I too prefer micro accounts and trust me they can get a bit tricky at times. But the risk is definitely lower so it works out. I have micro accounts with Fxtm and Fp markets at the moment.
I find micro accounts pretty interesting too. They sure set up a real trading environment but with a lot less money. It’s kind of fun to trade micro. I don’t go very high with the leverage so that doesn’t increase my risk so much. As for brokers, I have just opened some micro accounts with Instaforex and Turnkeyforex. Just trying my luck with them and see if these micro accounts can help me with profitable trading as well. Much better than demos I think.
Mar 25, 2021 at 09:45
As you have asked it here, you will get answers one way or the other. But it’s how it worked for others. I suggest first test different trade entry methods with a backtesting program and forward test your system in live market conditions. For both of these, use your demo account and not the real money account.
Membre depuis Jun 22, 2020
posts 5
Mar 26, 2021 at 10:37
Smaller positions are obviously a better option as you can scale out of them quite easily.
Membre depuis Jul 09, 2020
posts 4
Mar 30, 2021 at 11:06
keatonrichard posted:
The choice of the right lot size depends on your success rate. Don’t skip things. If you have a success rate of 90% or more, bigger lots are an option. But if you are yet figuring out what works and what doesn’t, don’t waste your money on bigger lots. Go for smaller ones.
True that! To add to it, I would also like to mention that irrespective of what position size you trade in, make sure that you have a safe stop loss associated with it.
Membre depuis Jul 23, 2020
posts 696
Apr 10, 2021 at 11:33
ceceliagreer posted:
It depends on your total capital and how much you are willing to trade and invest. If you have a higher capital, you can surely go with 100 lots.
Even trading with 100 lots with high capital is risky. Set your lot size according to your trading plan and experience.
Membre depuis Apr 03, 2021
posts 11
Apr 21, 2021 at 11:03
Yes, that is the right way to start and you can easily trade as per your capital. It totally depends on you.
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