I'm Newbie
I'm impressed with the lot size you traded.
I want to learn how you manage FIVE lot size with
Do you risk 2% of your equity to buy currency?
Looking at the size , assuming your SL of 40 pip, you account must be substantial size.
Does your risk a percentage of your equity or proportional to your equity on each trade ?.
Or do you simply takes your equity, risk %, pip value, spread and stop loss to calculate the lot size.
Thank you for helping me by responding to this question.
I hope one day I will be able to trade big lot size like you and knows the risk and trade management.
I understand if the risk level is too high then I need adjust it accordingly.
A wider stop loss reduces profit and adjusts the lot size accordingly.
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