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Leverage

Hey guys. I made a post a year ago about learning at my age. So I have done my education and finally made an account. I feel this sense of awkwardness when I put in a trade. I want to know how much I am risking. Is there anyway to calculate how much you risk?? I am trading at a leverage 1:100 with $135 in the balance so far. Does this mean I can trade a mini lot size? How many pips (roughly) should I risk per trade, if I am risking 2% which is $2.70? SO many questions but a quick run through would be amazing. I cant understand these videos. I have zoom if u want to do a quick call just msg me a time and number link.

Thankss

Forex | 👁 963 | Posted 2018-11-03 | Share on Facebook | Twitter | Google+

| Modified: 2018-11-03 | Author:

3 Comments

CarlosGaming 5 months ago

share report Save OK so my account capital is 13,500. When doing my risk management do i get the percentage from my capital or amount deposited??

CarlosGaming 5 months ago

OK so my account capital is 13,500. When doing my risk management do i get the percentage from my capital or amount deposited??

ICouldntGiveAForex 5 months ago

You can use maths to work it out, but the easiest way is to just use a demo account with the same leverage as your live account and open a known lot size, see how much of your margin is used and how much each pip of movement costs in the currency. Then jot this down in a notepad so you can refer to it later. As for lot size, if you have a balance of $135 dollars, the general consensus for beginners is to risk no more than 1% of your balance per trade. Therefore only enter trades where your stop loss sits at $1.35. If you can't open a trade that has a stop loss of that size (or less) either reduce your lot size or wait for a trade with a shorter stop.


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