Hi
I have a system that I do that I place one order a day that makes me about 200 pips in a 5-7 win ratio. Since me being a beginner and have a 50:1 leverage. Is it too small? With 200 pips that is just $2.
Let’s see if I understand you.
You are trading 0.01 lot size which is $0.10 per pip, you’ll earn $20 after 200 pips and not $2.
Leverage of 50:1 is okay, but increasing lot size would depend on your account balance.
If you are sure of 200 pips then practice good R:R ratio. Calculate your position size with Baby pips position size calculator to help determined your size instead of just trading 0.01 lot.
Risk management is not only about trading the smallest size possible!
I can’t say much because I don’t have an idea of your balance.
Since you are a newbie, it’s quite impressive; keep hunting & try to make a healthy equity first; then increase your trading lots size.
focus on how many pips you can gain on every trade, instead of how much money you’re making, trust me. The pips are what matters
As a newbie, it’s the perfect trading lots size for you! Don’t try to trade with a standard trading lots size until you are very sure on your trading skill.
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