Multiple open trades

Risking 1% per trade how many open trades would it be safe to have open at any one time to not risk getting margin call?

Use a calculator :slight_smile:

Margin Calculator | OANDA fxTrade

All depends on how you open them.

If you have them all in the one pair and at the same price then it wont need to be many against you and you could be in trouble, or you can have them all in the one pair and only enter each one as the stop passes the entry and so at any one point in time you have at most 1% account risk in which case the number may be infinite…

well if you have 6 open trades and they all go rubbish, then you lose a lot. better to play safe and do 1 at a time, only when you think you have good chance of winning. best to play around with a demo account.

Do not open too many trades at a time .it will be confusing for a trader… He can not concentrate well on all trades. multiple trading will use more amount from your capital your risk will be high with it, You can not make high profit with many open trades . Just focus on 1 or 2 trades and mange them well.

You say right many trades really a confusing work, actually new traders think in this way they will make more profit in less time. They do not know the risk involving in multiple trading. . More trades are more risky it is not a surety that you will certainly make profit , I will recommend to do less trading with quality.

Instead of asking how many trades can you put on, instead ask yourself if I put on “X” number of trades, how much money can I potentially lose?.

Open multiple order is not good habit in forex trading, for beginner it will only causing confused how to handle many order, beter although as newbie and only trade on demo account, but they need improve skill with keep discipline using proper plan trading, if they prefer trade as intraday trader they can submit only one plan daily.

It all depends on your money management, you may open many trades with low lots or you can open few trades with your normal trading lots.

As well as GoldyLox’s, you could also try the one here on Babypips:

Position Size Calculator: Free Online Forex Position Sizing Calculator

If you are using 1% risk as a limit, it should be 1% as the total of all trades, meaning that if all of them

failed then you would lose no more than 1% globally, rather than 1% on each trade.

I disagree with the fact that multiple open trades would not work as a strategy. I’m using this strategy and it works. I risk 2% and I open 12 trades (not only forex). For now I use it with a demo because things need to be optimized. Only 1 big losing day of almost 20%, but I figured out why and now I (think I) know. The other days were profitable and few with a little loss of let’s say 1/2%. I tried it 1 day live and the result was more than +5%. I don’t monitor those trades. I let them do what they want to do. There are every day winners and losers, but mostly the outcome is more than positive. Maybe I should at least scale the risk per trade down to 1% per trade and not 2. And maybe remove 2 trades that statistically get stopped out the most. But Pipme, if I would only risk 1% globally, then it would be very poor days.