How many lots do you trade?

[4xMadeHard]

I was just curious. I've been trading for about 6 months and I am still trading with 1 lot.

How much do you all trade?

Any tips/benefits on trading more than one lot?

[Pipcrawler]

The benefit of trading more than one lot is that you can cut down your position once certain profit targets are hit. That way you can create risk free trades and possibly capture more profits.

You lot size should really depend on your risk tolerance though. If you have $300 in a forex account trading 200:1 margin. You should definitely only trade one lot at most.

In my opinion you shouldn't even be trading unless you have at least 5k for a mini lot...

save up and learn to trade right first before you use real money

No offense, but if you're still asking this question, then stick with 1 lot. It sounds you have much to learns in regards to money management. Once you master money management you'll learn advanced techniques, like trading with multiple lots, scaling in, scaling out, pyramiding, etc.

I'd recommend you read Trading for Living" and "Come Into My Trading Room" both written by Alexandar Elder. Once you finish, read them one more time. Do this and you'll be closer to profitability my friend.

[geline]

I agree with oooogglemoogle, we, beginners must strart trading with only one lot, read and experience first, learn everything One way to learn is to post in this kind of forum, and when we finally believe that we have learned the tricks, then you start trading with more lots...

[Michael311]

I believe it all matters on how long you want to keep the trade opened.