Hi guys, i’ve been playing demo acct for quite some time. the initial amount i always try is 1k. But tomorrow is my 1st day trading live acct. unfortunately only 300$ that i can afford to deposit. My question is what lot sizes should i play? is it advisebale to set 0.50 for open trade?
Thx in advance:confused:
A million steps starts with the 1st steps.
no doubt it goes along with sentiments.
PS:never say die, n only the strongest survive :rolleyes:
It really depends on the size of the stop loss that you need for a trade and still maintain your MM. For instance if you have a MM rule that says you will lose no more than 3% on the trade, then your max loss on $300 = $9. If your stop loss is set at 30 pips, that means that you would make sure lot size no more than .03 full lots, ($.30 perpip X 30 pips =$9).
Its my 1st live trading acct hanyuxia, but i’ve been training on demo for quite some time, but never experience the real feeling. After some research
i decided to go real for tomorrow. And i understand for sure alot of things i will encounter. hehe, but i got this: NEVER say die PRACTICE:
There shouldn’t be a difference between a “make money” account and a “try out live trading” account. If you’re not trying to make money then you aren’t really trying out live trading.
I agree with Husky, your lot size should depend on your stoploss. Use the formula he gave you and you’ll never blow your account down to nothing.
