Leverage/Lots | Forex Factory

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Leverage/Lots

  • #1
  • First Post: Jan 16, 2007 5:30pm Jan 16, 2007 5:30pm
Hello,

Just wondered if we could get a range of Views on The best Lots/Leverage to use.

I'm on a $50,000 Demo account with FXCM and it gives me $100 per pip, which is obviously fairly decent, the account can go down near 50% margin if the trade starts to go bad.

Can anyone shed some light on the best way to trade?
  • #2
  • Jan 16, 2007 8:05pm Jan 16, 2007 8:05pm
Hi Kwackers,

I think the best way to trade is to find your comfort level (risk tolerance). For instance, you are demoing $50,000 account and in one trade you want to risk, let's say, 5%. So, 5% x $50,000 = $2500. This is your maximum loss in one trade. So, if you want to risk 50 pips in this trade, it means that the value of 1 pip = $50 or 5 standard lots ($2500 / 50 pips = $50/pip).

Hope this answer your question.

- SkYliNe -
"Even the word impossible says that I M possible"
  • #3
  • Jul 2, 2011 10:05am Jul 2, 2011 10:05am
Hi, try Forex scalping technique, its easy to learn and you don't need lot of time to trade. Sometimes im making around 10 trades a hour with a target 3 pips and SL 7 pips with 87% success. Good money management is really important! I personally risk from 1% for average trade to up to 10% for really safe trades.
  • #4
  • Jul 13, 2011 12:32pm Jul 13, 2011 12:32pm
Quoting PTscalper
Hi, try Forex scalping technique, its easy to learn and you don't need lot of time to trade. Sometimes im making around 10 trades a hour with a target 3 pips and SL 7 pips with 87% success. Good money management is really important! I personally risk from 1% for average trade to up to 10% for really safe trades.
Hi, would you explain your scalping method more precisely? Maybe some screen as well. I'd really appreciate that.

Cheers
  • #5
  • Jul 13, 2011 2:13pm Jul 13, 2011 2:13pm
If you are scalpr, you could be interested in www.scalprs.com .. it will be ready in next week
i mean that is really important to know what to do .. everywhere is writen that you shoul risk only 2% etc. im saing not .. for average trades i risk 1% and for better one more .. sometimes i see 100% trade, so im able to risk more
  • #6
  • Jul 14, 2011 2:47am Jul 14, 2011 2:47am
Quoting Kwackers
Hello,

Just wondered if we could get a range of Views on The best Lots/Leverage to use.

I'm on a $50,000 Demo account with FXCM and it gives me $100 per pip, which is obviously fairly decent, the account can go down near 50% margin if the trade starts to go bad.

Can anyone shed some light on the best way to trade?
What about live account? Can you handle 50% drawdown on live account?
  • #7
  • Last Post: Jul 18, 2011 2:49pm Jul 18, 2011 2:49pm
Quoting Kwackers
Hello,

Just wondered if we could get a range of Views on The best Lots/Leverage to use.

I'm on a $50,000 Demo account with FXCM and it gives me $100 per pip, which is obviously fairly decent, the account can go down near 50% margin if the trade starts to go bad.

Can anyone shed some light on the best way to trade?

Best way to train and trade on live account is with smaller positions. You need to fix your lot size to smaller position comparing to 50 k USD. It is nice to see the account growing fast of course, but the losses will kill you even faster if you would go with this kind of exposure on live market.
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