Quote:
Originally Posted by nancypants
You can trade longer term with smaller accounts. The best way to do it is smaller lot sizes(i love micro lots) and scaling in and out of positions.
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I've been told when starting out to trade mini or micro lots to minimize risk while learning this stuff but I have never done this. I have perhaps a misconception that trading mini/micro lots will just take along time for your account to grow (1 pip = $1 gain)...or disappear.
I think this is a great topic for discussion specially for people just getting started. (Trading Micro/Mini or Standard)?
(I just opened a new thread on this subject in newbie island. It would be interesting to know other people insite on this)
What is your experience trading mini/micro lots? Does it really take long to grow your account? Please elaborate what you mean by scaling in/out of position.
btw geline, I like all those reasons.