What is the lot size you are using?

Discussion in 'General Forex Discussion' started by Rambo35, Mar 24, 2014.

  1. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    Choosing the size of the lots when you enter a trade should be a part of your trading strategy. If you ask yourself what lot size it will work best for you as a beginner, the answer depends on your trading style and trading strategy. The smaller your lot size is the more flexible you can be managing your account.
     
  2. Rockefeller

    Rockefeller Master Trader

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    Trader should choose a lot size according to account size. Lot size also depends on trading style and on SL level. My lot size varies from 0.5 lots to 1 lot.
     
  3. Fxpipper

    Fxpipper Master Trader

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    The lot size depents on the individual and the trading strategy they are using..
     
  4. Aby123

    Aby123 Active Trader

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    that's why a micro account is best for beginners, to easily manage.
     
  5. vicknic

    vicknic Confirmed ProfiForex Representative

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    You are right about this. However, in order to increase your pip value, you need to increase your lot size. The higher you buy/sell, the higher your pip value.
     
  6. witaryan

    witaryan Trader

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    of course, the selection of lots shall be in accordance with our trading strategy. but for a beginner it would be better to use small lot. we can trade with 0.01 lot, so the risk that we will encounter will also be smaller. This is part of MM trading. so we should think well of lots that will be used so that the capital we are not going to quickly run out. try trading in FBS with welcome bonus $5
     
  7. Emibluz

    Emibluz Banned

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    The lowest lot size I always use is 0.5, but that is when I am sure of my analysis.
     
  8. karunia

    karunia Banned

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    Using lowest spread is recommended, and I have also use lowest spread in liteforex. I've some $190 in there..
     
  9. bablogfx

    bablogfx Confirmed HotForex Representative

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    Upper limit for my lot size is 2 lots. It depends of capital what lot size gives best risk/profit ratio.
     
  10. praise

    praise Banned

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    Choosing a lot size to work with will make a big impact on your risk management strategy. Traders should choose lots size according to account size.The more you buy/sell the more profit you make at the end of each trade. I prefer a micro account, which I am currently using with Profiforex. This allows me to make smaller trades and reduce my risk.
     
  11. Fxpipper

    Fxpipper Master Trader

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    One can trade as many lots as one wants...few traders even enter new lots in after seeing the direction of the trending market. But just remember, keep an eye out on margin in order to avoid getting stopped out. The stop out level varies with each broker, so with a good risk management, you should be able to trade more lots, manage your risk and avoid getting stopped out..
     
  12. nekojfx

    nekojfx Trader

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    They should call it a "newbie lot"

    I'm still not trading Live, I use Demos so sometimes I try to be a big shot and go for the full lot..hah but in reality I'd use a 0.1 lot- so called a "newbie" lot :D
    Plus in the beginning I would't invest a lot, and I wouldn't choose a sky-high leverage, so that leaves me with the o.1!
     
  13. Bill Korneus

    Bill Korneus Trader

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    When I learned to trade with demo accounts I used 0.01 lot. My first deal was opened with 0.01 lot too, For a month I was afraid to raise the lot. Now I'm trading with 0.25 - 2 lots depending on the confidence in my forecasts)
     
  14. inggo

    inggo Master Trader

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    I only trade between 0.01-0.05 unless im like 80% sure then i might go as far as 0.08-1 :D but thats RARELY
     
  15. Pionex

    Pionex Trader

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    As I invested $200 first time, I would not crossed the limit of 0.04 lot. I have traded little and I actually do not open more than one trade in a single time. So I think according to capital my investment is perfect and I will be able to loss within my limit. I will not loss all the capital in a certain loss. In this time I have $500 in my account and I open max 0.1 lot in a single time.
     
  16. shl2412

    shl2412 Banned

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    I ma a new forex trader and i am very alert about the trading ,and often i use only 0.1 volume lot and if market is going in my favor then i use double lot only but i avoid over trading and also avoid from greed .
     
  17. inggo

    inggo Master Trader

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    I like how you do it!! thats correct!! patiently and safely, it all goes down to planning and sticking to the strategy :)
     
  18. Exness Support

    Exness Support Active Trader

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    I think it should depend on your account size that what lot size your should use. I have a $30k account and i use 1-2 lots max.
     
  19. tobeone

    tobeone Active Trader

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    My robot calculates the lotsize for each position according to stop loss, tickvalue, account balance etc. I never do it myself. So that I know exactly how many dollars I risk.
     
    Last edited: Jun 15, 2014
  20. davidblack

    davidblack Trader

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    Yes lots size depends how a trader own his strategy and how he can manage the Forex?
     

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