Forex: I have 5k to trade on the Forex. I only want to risk 20% of this money, so I am really trading?
December 20th, 2009 | by admin |
cyruswendydevo asked:
with $1000 of that 5k. What lot size should I set my trade at; 1k, 10k, 100k???
Silvia
with $1000 of that 5k. What lot size should I set my trade at; 1k, 10k, 100k???
Silvia
3 Responses to “Forex: I have 5k to trade on the Forex. I only want to risk 20% of this money, so I am really trading?”
By Stockwillrise on Dec 22, 2009 | Reply
Blaine
Trade the US stock market instead and you could maske big money like me. If you pick stocks the way i do you will not have a problem.
By JohnGalt on Dec 24, 2009 | Reply
Carie
It will vary by currency. The way to set trade size….
Loss per trade should be no more than 2-3% of your capital, Lets say 5% because you are foolish enuf to trade forex. 5% of 1000 means your loss per trade should be no more than $50, and you can have 20 losses before you are busted out and have to quit trading. Not much IMHO, I would prefer 2-3% loss and 30-50 losers.
So then when looking at individual trade, you decide where your stoo should be, and then trade enough money so that your loss will be $50. if your stop is hit.
Tight stop, bigger trade, loose stop smaller trade.
By Xelam on Dec 27, 2009 | Reply
Aretha
try to check your options in this site. it will lead you to a very reliable, legitimate and trusted forex site. you can open a “mini” account for a hundred or “gold” at five hundred bucks and you will be provided a personal Account Service manager to serve as your mentor, consultant and trading partner. your ASM would be your best resource person to discuss in details your terms live over the phone email or chat. all the best.