Hi Folks!
This is my first post, so let me abuse this opportunity and confess how impressed I am by the present forex community - pleasure to read
After I've gone through some literature I was now going to start trading with a micro account. It would be great if I could get some advise regarding a few things that I think are answered best after having made some experience.
I was thinking about riksing 1/2% per trade and planned on managing my account with the Fixed Ration method (Greetings from RyanJones) and am wondering,
-What would be an appropriate starting account size?
-What drawdown can I expect?
-Which delta for contract increases should I use?
I know that the answer to this pretty much is 'depends on your system!'
but maybe there is some rule of thumb you could help me with.
Otherwise I guess I'll just stick to good old 'Learning-by-Doing'...
Cheers
This is my first post, so let me abuse this opportunity and confess how impressed I am by the present forex community - pleasure to read
After I've gone through some literature I was now going to start trading with a micro account. It would be great if I could get some advise regarding a few things that I think are answered best after having made some experience.
I was thinking about riksing 1/2% per trade and planned on managing my account with the Fixed Ration method (Greetings from RyanJones) and am wondering,
-What would be an appropriate starting account size?
-What drawdown can I expect?
-Which delta for contract increases should I use?
I know that the answer to this pretty much is 'depends on your system!'
but maybe there is some rule of thumb you could help me with.
Otherwise I guess I'll just stick to good old 'Learning-by-Doing'...
Cheers