Disliked{quote} My account size was 500 dollar, that was the last money what i wanted to invest in forex. My leverage 1:1000 and my trading size is 0.10 or 0.15 per trade. And of course i traded gbp/ usd , or gbp/jpy.Ignored
Let me answer your question below.
1) Your trading leverage is too high with $500 even experience trader can blow the account. It’s not about the $500 it is about the leverage that gives you more margin to trade and we will tend to greed with the lot size. Too risky. Only if your trading size is $10k with the leverage of 1:500 with lot size of 0.1 - 0.2 would be ideal. Trade with no stress which is the most important.
2) You should not be trading with the same pairs should spread out your pairs to trade. Or only trade with EURUSD. If it’s good one pair is good enough to trade.
Let the rest of the traders here to answer your question. So that it could help you better in your trading next time.
Cheers.
10% buy 10% sell 80% waiting
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