Hey Guys,
Quick question:
If I have a $2000 account, 50:1 leverage, and 1 lot = $10/pip, how many lots would be the standard trade? In other words, what’s the safe pip value to trade with on an account of this size?
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Lots, Leverage, and Profit and Loss | How Do You Trade Forex? | Learn Forex Trading
I would trade with 0.01 - 0.03 micro lots if I have a deposit of $2000. That will reduce your risk. Don’t go for higher lots and use 1 % - 3 % risk per trade.
The maximum risk trade I would suggest is 5%, since your capital is enough to withstand any pitfall
Hello Matt,
Always minimize your risk to 1% - 3% per trade. Calculate your stop loss based on your risk level prior to take any trade. Don’t use martingale strategy.
I don’t risk more than 3%.
Initially i will recommend you to take less risk around 1-2%.Once you gain the confidence then you can slowly increase the risk.
Also,try to find the best broker to provide good scalping strategy.