Profit per lot?

Trading for 1 month. Made 1k . But been caught our by the middle east violence. Not been margin called (yet). 2 questions.

How much profit should i be looking to take on a 10k lot (a scalping strategy)?

I currently have 62 % of my margin left. Should i be worried ?

Fantastic site by the way.

Are you trading demo account?

It all depends on how much spare you have in the account, and also how many pips you’re looking at making. If you’re doing a scalping strategy, which I assume is aiming at taking a few pips here and there, rather than a long-term hold, then you wouldn’t be using 38% of your account margin?

I also use 10k lots, but make sure the account has much more than just a few thousand, for when things get out of hand (like now).

now there is 1400 pounds spare. (62%)

How much should i risk at anyone time?

Call me old fashioned but 1% works for me maybe 2% if im feeling crazy and its a nice looking set-up.
Margin calls shouldnt even be on your radar if you’re trading responsibly. If you are being irresponsible with your equity it will be gone before you can say “where’s all my lovely equity gone”

is that 1% per trade or 1% in total ? another thing i have noticed, when a rollover fee is applied this is debited from your account balance. yesterday i was quoted 24.00 pounds on my fxcm trading station, however when i checked this morning i was only debited 4.00 pounds ?!

Yeah 1% per trade not total although if you had three or four trades open on the same trend at the same time it is kinda the same trade in a way. Just try to avoid putting all your eggs in the same basket.
Cant help you with the fxcm charges but i do like marketscope charts :slight_smile:

cheers hunter, first (OF MANY ) lessons learnt !