FXCM Micro with $25, need some help | Forex Factory

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FXCM Micro with $25, need some help

  • #1
  • First Post: Edited Oct 30, 2020 3:12pm May 3, 2012 11:38am | Edited Oct 30, 2020 3:12pm
Delete topic!
  • #2
  • May 4, 2012 12:57am May 4, 2012 12:57am
1 pip on a micro lot is $0.10.
2% of $25 is $0.50. So yes, 5 pips including spread.
  • #3
  • Edited 5:04am May 4, 2012 4:50am | Edited 5:04am
And is there any way to trade this? Right now i am testing their Signals from DailyFX.
In general i would need some quick mm plan for this small balance 2%/5pips stop loss, like
what would be a good take-profit plan...
  • #4
  • May 4, 2012 5:00am May 4, 2012 5:00am
with $25 you must have "do or die strategy"..try find at least SL20 ($2) at least you have like 8-10 attempts before 'sayonara'
  • #5
  • May 4, 2012 5:20am May 4, 2012 5:20am
thanks, thats what i thought.

and what would be a good take-profit plan for those trades when setting stop-loss to 20 Pips?
  • #6
  • May 4, 2012 5:27am May 4, 2012 5:27am
Quoting lddd
thanks, thats what i thought.

and what would be a good take-profit plan for those trades when setting stop-loss to 20 Pips?
this is hard for me cuz i kinda weekly trader...better ask someone else...
  • #7
  • May 4, 2012 5:39am May 4, 2012 5:39am
Quoting lddd
Hello there,

i would like testing a demo account with an intitial desposit of $25. I know that i may under capitalized with it but i would like to know if there is any strategy and a proper moneymagement for such small accounts to trade some profits with.

Now if i trade one lot of $1000 on micro with my $25 and risk max. 2% per trade (take care of the spread) i would have to set my stop-loss somewhere between 2-3 Pips, right?. This would kill me right away hm?

Thanks for some suggestions.
save your money up and build a system of your own
  • #8
  • May 4, 2012 8:11am May 4, 2012 8:11am
well yeah i donīt wana trade any system. just need to know what a proper take-profit level would look like on a such small stop-loss strategy.
  • #9
  • May 4, 2012 8:38am May 4, 2012 8:38am
Quoting lddd
well yeah i donīt wana trade any system. just need to know what a proper take-profit level would look like on a such small stop-loss strategy.
Without a system you might as well donate your $25 to a charity. The odds that you will do well with a 3-5 pip sl is slim... and those that do, do it, have a system.
  • #10
  • Last Post: May 4, 2012 5:21pm May 4, 2012 5:21pm
Quoting lddd
well yeah i donīt wana trade any system. just need to know what a proper take-profit level would look like on a such small stop-loss strategy.
hi lddd,
personally for me there is no proper TP..u can go like 100 pips if u like with SL20...but usually ppl will scalp with small SL with TP10-30 pips.. good luck..
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