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What risk per trade should it go with?

  • #21
  • Mar 29, 2011 7:05pm Mar 29, 2011 7:05pm
Quoting Jcsuits
I trade the firm's capital rather than an independent account..
Hi Jcsuits,

I'm looking for a good prop shop to trade for, care to share your details?

~Tim
  • #22
  • Mar 29, 2011 10:27pm Mar 29, 2011 10:27pm
www.4xprop.com
  • #23
  • Mar 29, 2011 10:40pm Mar 29, 2011 10:40pm
Quoting PoundTrader
www.4xprop.com
Thanks PoundTrader !!
the best part of that site is the words "NO CAPITAL CONTRIBUTION"
that eliminates 99% of the BS right there!
  • #24
  • Mar 30, 2011 10:24am Mar 30, 2011 10:24am
Quoting tim112779
Hi Jcsuits,

I'm looking for a good prop shop to trade for, care to share your details?

~Tim

Hey Tim. I trade with iFundTraders. It's a prop trading firm run by Oliver Velez. I think it's a great program and I'd highly recommend it. The website is www.ifundtraders.com. They offer both equities and forex programs.
  • #25
  • Mar 30, 2011 9:53pm Mar 30, 2011 9:53pm
Quoting Jcsuits
Hey Tim. I trade with iFundTraders. It's a prop trading firm run by Oliver Velez. I think it's a great program and I'd highly recommend it. The website is www.ifundtraders.com. They offer both equities and forex programs.
Hey thanks allot Jcsuits! I appreciate it allot...

Quoting Oliver_Chart
Thanks, Can you recommend me Broker with micro accounts and paypal deposit?
Hi Oliver_Chart, I just googled forex brokers that accept paypal and this site seems decent: http://www.100forexbrokers.com/paypal-brokers

as far as recommendations go,, I probably can't help you there since I just use IBFX (not sure if they accept paypal)........... What I usually do is just download the demo, check out there spreads, and do a little due dillegence through broker review sites........ good luck!

~Tim
  • #26
  • Mar 31, 2011 6:26am Mar 31, 2011 6:26am
Quoting tim112779
Hey thanks allot Jcsuits! I appreciate it allot...


Hi Oliver_Chart, I just googled forex brokers that accept paypal and this site seems decent: http://www.100forexbrokers.com/paypal-brokers

as far as recommendations go,, I probably can't help you there since I just use IBFX (not sure if they accept paypal)........... What I usually do is just download the demo, check out there spreads, and do a little due dillegence through broker review sites........ good luck!

~Tim
Tim, thank you for link with paypal brokers very useful!!!
  • #27
  • Apr 5, 2011 10:30am Apr 5, 2011 10:30am
I manage my account using a strict set of rules based on the maximum mathematical success with minimum exposure. I take a degree in comfort in knowing that if I practice sound money management, I am mathematically assured of growing my equity (absent unknown or uncontrollable variables such as spikes in price action in the millisecond before a stop-loss can be placed).

There is a principle called the "kelly criterion" which is used by traders as well as bookies. The formula is:


Kelly % = W – [(1 – W) / R]

Where:
W = Winning probability
R = Win/loss ratio


There is material available on the internet which will explain how you derive constants for the variables.
  • #28
  • Apr 6, 2011 5:04am Apr 6, 2011 5:04am
Quoting ptownboi
Kelly % = W – [(1 – W) / R]

Where:
W = Winning probability
R = Win/loss ratio
The formula doesn't make much sense to me. If we have winning probability W = 0.5 and hence the win/loss ratio R = 1. Kelly % = 0.
Or if we have W = 0.33 and R = 0.5, then Kelly % = -0.33.
What's the point?
  • #29
  • Apr 7, 2011 7:12am Apr 7, 2011 7:12am
Or do you mean R = Profit/loss ratio?
  • #30
  • Apr 15, 2011 4:17am Apr 15, 2011 4:17am
Risk always 2 and more to 1.. regardless if it is 50 profit and 25 loss, or 100 profit and 40 loss... so if you win 6 trades in 10 you are still the winner!
  • #31
  • Apr 15, 2011 4:39am Apr 15, 2011 4:39am
As a newbie you shouldn't use any Risk Percentage of your balance.
This will only shift the odds against you if you are only slightly profitable it will make you unprofitable. You will have enough problems beating the spread alone in the beginning.

If you have a strategy that has a 50% winrate and use 1:1 RR all the time you won't end up breakeven but lose your ass if you risk x% on every trade.
  • #32
  • Oct 27, 2017 11:37pm Oct 27, 2017 11:37pm
I exchange through an institutional trading firm, so I exchange the company's capital as opposed to a free account. Along these lines, sadly I don't have much data on the best broker to run with for a free account that offers microlot trading. I'm certain different traders in this gathering would have some great proposals on a broker. Something else to consider is finding a broker that offers a training account so you can exchange on a test system until the point that you demonstrate some consistency. Good fortunes with your trading. Likewise best broker is difficult to discover.
  • #33
  • Feb 22, 2018 1:59pm Feb 22, 2018 1:59pm
Quoting faisal13
I exchange through an institutional trading firm, so I exchange the company's capital as opposed to a free account. Along these lines, sadly I don't have much data on the best broker to run with for a free account that offers microlot trading. I'm certain different traders in this gathering would have some great proposals on a broker. Something else to consider is finding a broker that offers a training account so you can exchange on a test system until the point that you demonstrate some consistency. Good fortunes with your trading. Likewise best...
Hello Faisal; this thread is about the risk issue on trading not broker related thread!
  • #34
  • May 9, 2018 2:44pm May 9, 2018 2:44pm
same answer i have. appreciate
  • #35
  • May 10, 2018 5:23am May 10, 2018 5:23am
Quoting AlexImam
same answer i have. appreciate
Did you mean 1 comment or anything else? Thanks in advance.
  • #36
  • May 10, 2018 5:31am May 10, 2018 5:31am
How to determine a profit factor? I'm still don't understand about this.
  • #37
  • Last Post: May 10, 2018 4:39pm May 10, 2018 4:39pm
Quoting lal.remigius
How to determine a profit factor? I'm still don't understand about this.
profit completely depends on knowledge and experience , but besides knowledge you need a reliable support from a credible broker , because broker can affects the result of our trading with certainly.
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