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  • #754,601
  • Feb 6, 2013 12:12am Feb 6, 2013 12:12am
German Factory orders will come out excellent..
A bit of correction is happening right now
And than Boom we go high upside during Factory Orders release..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #754,602
  • Feb 6, 2013 12:12am Feb 6, 2013 12:12am
It's not how much money you throw in, but how much do you risk per trade. To trade safely your stop loss shouldn't be more than 1-2% of your account. So in your case your stop loss is $2 max. (2% of $100).
Hope it helps.

Quoting alanadek
Hi All,

I was wondering, if you have 100 euros on the account.. how much will you use for trading? 10%? 50%? all in per trade?

I think approx 5 to 15% would be good, but than again.. if the trades going the right way, i always think bah(emotional reaction which is bad in trading) i should have used all the money for this trade...

Nevertheless, stick to your own rules...

So, how much do you use related to your max balance? 5%? 10%? 15%? 25%? 50%? All in?

Cheers!
Those who know don't talk. Those who talk don't know.
  • #754,603
  • Feb 6, 2013 12:13am Feb 6, 2013 12:13am
Quoting ThirdMan
This move could end to 1.3490 or maybe more.
Maybe, I am playing the game for tomorrow, so turned on the position building mode, I am a buyer...
  • #754,604
  • Feb 6, 2013 12:21am Feb 6, 2013 12:21am
Quoting hugecat
I thought BE goes for Break Even?
it stands for I'm BROKE and my account is EMPTY!!!


http://forums.babypips.com/newbie-is...eviations.html
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #754,605
  • Feb 6, 2013 12:21am Feb 6, 2013 12:21am
Quoting ThirdMan
This move could end to 1.3490 or maybe more.
This move will end at 3504 and up it goes up up
  • #754,606
  • Feb 6, 2013 12:23am Feb 6, 2013 12:23am
Quoting alanadek
Hi All,

I was wondering, if you have 100 euros on the account.. how much will you use for trading? 10%? 50%? all in per trade?

I think approx 5 to 15% would be good, but than again.. if the trades going the right way, i always think bah(emotional reaction which is bad in trading) i should have used all the money for this trade...

Nevertheless, stick to your own rules...

So, how much do you use related to your max balance? 5%? 10%? 15%? 25%? 50%? All in?

Cheers!
I limit my risk to 1% of my available trading funds for any one trade.
  • #754,607
  • Feb 6, 2013 12:23am Feb 6, 2013 12:23am
Quoting Stonar901
This move will end at 3504 and up it goes up up
With you on this one... I am watching the hourly close @11:00 and 12:00 UK time 1.3545 and above good 1.3572 and above extremely good
  • #754,608
  • Feb 6, 2013 12:25am Feb 6, 2013 12:25am
Lol. Everything is possible in FX.

Quoting england33
it stands for I'm BROKE and my account is EMPTY!!!


http://forums.babypips.com/newbie-is...eviations.html
Those who know don't talk. Those who talk don't know.
  • #754,609
  • Feb 6, 2013 12:26am Feb 6, 2013 12:26am
Quoting Vectamart
I limit my risk to 1% of my available trading funds for any one trade.

Depends on how much money you got.

With a 100$ account, 2% equals to 2$ so 20 pips (min lot).
It's pretty hard to allow yourself a 10 pips loss.
  • #754,610
  • Feb 6, 2013 12:29am Feb 6, 2013 12:29am
Quoting Fxnewdeal
Depends on how much money you got.

With a 100$ account, 2% equals to 2$ so 20 pips (min lot).
It's pretty hard to allow yourself a 10 pips loss.
that's simply not enough to trade with.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #754,611
  • Feb 6, 2013 12:30am Feb 6, 2013 12:30am
Quoting england33
it stands for I'm BROKE and my account is EMPTY!!!


http://forums.babypips.com/newbie-is...eviations.html
A good trader follows his rules, but great trader knows when to break them
  • #754,612
  • Feb 6, 2013 12:32am Feb 6, 2013 12:32am
Quoting england33
that's simply not enough to trade with.
It's good for a start i'd say. Once you get it, put some more money.

If you aren't good with a 100$ account, it'd be the same with a 1000$ account.

The money doesn't count, the way you trade and MM does i think.
  • #754,613
  • Feb 6, 2013 12:33am Feb 6, 2013 12:33am
Out @1.3541 +21 pips... Expect some push to the downside and will reload, Shorting is not an option for me today...
  • #754,614
  • Feb 6, 2013 12:35am Feb 6, 2013 12:35am
Might as well just start with Demo account. Aslo studying wouldn't hurt since money management is one of basics and there is a lot to learn besides that.

Quoting Fxnewdeal
It's good for a start i'd say. Once you get it, put some more money.

If you aren't good with a 100$ account, it'd be the same with a 1000$ account.

The money doesn't count, the way you trade and MM does i think.
Those who know don't talk. Those who talk don't know.
  • #754,615
  • Feb 6, 2013 12:40am Feb 6, 2013 12:40am
Quoting Fxnewdeal
Depends on how much money you got.

With a 100$ account, 2% equals to 2$ so 20 pips (min lot).
It's pretty hard to allow yourself a 10 pips loss.
With £120k I still have a decent amount to play with.
  • #754,616
  • Feb 6, 2013 12:41am Feb 6, 2013 12:41am
Quoting hugecat
Might as well just start with Demo account. Aslo studying wouldn't hurt since money management is one of basics and there is a lot to learn besides that.
It's all about psychology and good MM.
Even a bad trader with good MM can make it.

And demo account is not the best thing for the psy part....unless you have a very strong psy level
  • #754,617
  • Feb 6, 2013 12:42am Feb 6, 2013 12:42am
Quoting Vectamart
With £120k I still have a decent amount to play with.
Think about people with only 100$
Not everybody can afford such load of money dude
  • #754,618
  • Feb 6, 2013 12:43am Feb 6, 2013 12:43am
Quoting Fxnewdeal
It's all about psychology and good MM.
Even a bad trader with good MM can make it.

And demo account is not the best thing for the psy part....unless you have a very strong psy level
Talk dirty to me big boy...!
  • #754,619
  • Feb 6, 2013 12:43am Feb 6, 2013 12:43am
Quoting Fxnewdeal
It's good for a start i'd say. Once you get it, put some more money.

If you aren't good with a 100$ account, it'd be the same with a 1000$ account.

The money doesn't count, the way you trade and MM does i think.
if you trade in a hard market (volatile) - your stop isn't triggered right away you won't get those fills. I agree though it can be good practice for abiding by stop losses. but realistically - 10 pips... my opinion it isn't realistic. when you start handling more money it is going to be different. going from micro from mini for example is like going to from a featherweight to a middleweight - the punches are going to be harder so to speak. If you ever watch fighting it's a very big difference - especially when you get into heavyweight level (full lots).
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #754,620
  • Feb 6, 2013 12:44am Feb 6, 2013 12:44am

Quoting math_GB
Talk dirty to me big boy...!
Those who know don't talk. Those who talk don't know.
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