Balance required for these trades | Forex Factory

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Balance required for these trades

  • #1
  • First Post: Nov 7, 2018 5:32am Nov 7, 2018 5:32am
Hi folks,
If I want to trade forex 1 lot on 5 pairs with 30 pip stop loss.
For example (EUR/USD - 1 LOT, AUD/USD - 1 LOT, NZD/USD - 1 LOT, USD/JPY - 1 LOT, GBP/USD - 1LOT)
How much balance should I have in my account?
  • #2
  • Nov 7, 2018 12:06pm Nov 7, 2018 12:06pm
You registered for five years, since you spent this time?
It depends how big is your risk. 30 pip stoploss (if USD is the second tag) 300 dollars. If you calculate with this (only pairs with ???/USD, without spread and comission and swap), the total risk will bee 1500 dollars. With 1% risk is 150000.
  • #3
  • Nov 7, 2018 12:17pm Nov 7, 2018 12:17pm
I was here... not that active in the forum. :-). Can you tell me at least what amount I need to start with? So I won't get a margin call.
  • #4
  • Nov 7, 2018 1:28pm Nov 7, 2018 1:28pm
Margin call is based on the margin requirement of your broker. But what if you open a full possible position, and you loose it? Wannt you to loose 1500$?
  • #5
  • Nov 7, 2018 1:38pm Nov 7, 2018 1:38pm
Quoting santhoshabra
Hi folks, If I want to trade forex 1 lot on 5 pairs with 30 pip stop loss. For example (EUR/USD - 1 LOT, AUD/USD - 1 LOT, NZD/USD - 1 LOT, USD/JPY - 1 LOT, GBP/USD - 1LOT) How much balance should I have in my account?
the real questions is:
1- are you already have strategy?
2-are you tested your strategy with small lot at least for one year on those 5 pairs?
3- what's your win rate on each currency ?

your question can't answer without real data that you have.. are you collected that data already? ..... and in case you beginner don't waste your money on that.

i guess you beginner because if you already have that data you know how is your strategy going in bad periods then you will know exactly what's balance you need for invest in each pair
  • #6
  • Nov 7, 2018 2:17pm Nov 7, 2018 2:17pm
hmmmm
Attached File(s)
File Type: xlsx Lot Size.xlsx   26 KB | 320 downloads
Learn, a forex trader must, unlearn and relearn he will.
  • #7
  • Nov 7, 2018 2:29pm Nov 7, 2018 2:29pm
Never risk more than 0.5% of your balance per trade. To start, figure $1000 per 0.01 lot traded in position size. Everyone busts their first account, no matter the size, so best start as small as you can. Best success. - G
  • #8
  • Nov 7, 2018 3:32pm Nov 7, 2018 3:32pm
COGSx86 Thanks for the calculator. That what I am looking for. :-)
  • #9
  • Edited 10:44pm Nov 7, 2018 5:34pm | Edited 10:44pm
Quoting COGSx86
hmmmm {file}
Your calculator won't go below 1% risk per trade. In my opinion, that's too much for a new trader. 0.5% max risk is a better starting point for a novice. I guess it doesn't mater much. All new traders bust their first account. I don't know of a single exception. - G
  • #10
  • Edited 4:19am Nov 8, 2018 4:01am | Edited 4:19am
Quoting santhoshabra
Hi folks, If I want to trade forex 1 lot on 5 pairs with 30 pip stop loss. For example (EUR/USD - 1 LOT, AUD/USD - 1 LOT, NZD/USD - 1 LOT, USD/JPY - 1 LOT, GBP/USD - 1LOT) How much balance should I have in my account?
My or may not be of use - no time for discussions.

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  • #11
  • Last Post: Nov 8, 2018 10:12pm Nov 8, 2018 10:12pm
just let your account able to tank some loss for a time that is needed for you to deposit more fund, or double that to ease your mind.
your trading account is not the best place to keep money, and you already calculate the sl will be hit before that margin is called, right?
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