taniaislam09:
The range, that is given , .01-10 of the value of giving a trade. But what amount of volume should be wise for trading. For instance: I have capital $100. What amount should be or volume for a single trade. What amount of capital should be preserve as provision to protect the blow out the account ?
The range, that is given , .01-10 of the value of giving a trade. But what amount of volume should be wise for trading. For instance: I have capital $100. What amount should be or volume for a single trade. What amount of capital should be preserve as provision to protect the blow out the account ?
Keeping in mind the principles of money management i would say the following things:
1. Trade with max lot size = 0.01 = 0.10$ per PIP.
2. Have a weekly starting targets of 100 pips = 10$ profits.
3. This is for experience and when you have confidence invest more.
4. Ideal would be 1000$ with 1$ PIP and monthly profits of 400$
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The range, that is given , .01-10 of the value of giving a trade. But what amount of volume should be wise for trading. For instance: I have capital $100. What amount should be or volume for a single trade. What amount of capital should be preserve as provision to protect the blow out the account ?