Hi nanningbob and PD,
Thank you for your advice. I will demo a lot and start with small lot when I am ready.
Thank you for your advice. I will demo a lot and start with small lot when I am ready.
QuoteDislikedOk you cannot trade 1.00 lots with this system. That is not enough money, you will get killed. I had a friend do that and it cleaned out his account in 12 hours. LOL. .10 is really pushing it. I have done .10 successfully but I didnt start until 4000 dollars. As long as I closed my trades everyday at some profit level or took my occasional loss I had no problems trading at .10. However I will start at .02 and then move up. I know at .02 it will not strain the account. .05 would be comfortable and .10 would be risky under certain extreme conditions, however if you close everyday and dont let a loser get away from you I suppose it would work. Set up a demo and play with it. Try to see where and how it can break an account. Once you see one you then can go back and say AAAAAAaaaaaaaaaHHHHh this is the limit. I know I can go here and then I have to bail out. When you know that point your ready.