How many lots do you trade?
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  1. #1
    Join Date
    Mar 2006
    Posts
    2

    Default How many lots do you trade?

    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?

  2. #2
    Join Date
    Mar 2006
    Location
    Babypips, USA
    Posts
    534
    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

  3. #3
    Join Date
    Jan 1970
    Posts
    0
    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.

  4. #4
    Join Date
    May 2006
    Posts
    126
    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...

  5. #5
    Join Date
    Apr 2006
    Posts
    48
    I believe it all matters on how long you want to keep the trade opened.

  6. #6
    Join Date
    Oct 2012
    Posts
    282
    you mean 0.01 lots right - 10 cent a pip

    my normal trade per $500 is 0.01 to 0.05 and aim to make/risk at least 50 pips = $5 win or lose
    I AIM TO make 500 pips a month

    i have traded 0.10 to 0.50 but it make me have a heart attack when i look at my account balance every time a pip move

  7. #7
    Join Date
    Dec 2012
    Posts
    555
    Quote Originally Posted by 4xMadeHard View Post
    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?

    This depends on your account size and risk levels. May be needing some experience as well.

    Normally I trade lot sizes btw 0.20 - 1 lot.

  8. #8
    Join Date
    Oct 2012
    Posts
    282
    I think you should have a risk/ reward per $X
    So for me every $500 I trade 0.05 . So when you get to $1k you should increase it only 0.10

  9. #9
    Join Date
    Dec 2012
    Posts
    343
    I always trade with 0.02 - 0.10 lots. Never go above 0.10 lot with my 5K account.

    So always trade with low lots. That will save you from Margin call. May be you can reduce leverage.

  10. #10
    Join Date
    Mar 2013
    Location
    Montreal CA
    Posts
    772
    From an experienced trader's view,
    Depends on the current risk exposure.
    Max risk at any time: 2%
    Reasonable SL: 100 pips for a H4 trader; 60 pips for a H1 trader and so on....
    For a 60K account, 2%= 1200
    For Standard lots pip value= 10; so we make sure that regardless of the number of trades, the maximum lot
    size for all trades should have a max exposure of 1200.
    So an example of this:
    Trade 1: 0.5 lot; SL= 100pips; exposure= 500
    Trade 2: 0.7 lot; SL= 100 pips; exposure= 700
    Once the SL is moved to BE for any of the trades, then a new equivalent lot size can be opened.
    If the winning trades has 100 pips already locked in, then a newer lot of equivalent size can be opened.
    The rest is quite complicated.
    Bottom line: We have maintained the 2%, calculated lot sizes according to the exposure and the rest is up to the trading team.

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