andry777 Posted March 1, 2011 Share Posted March 1, 2011 Every trader has different view of lot size that they used in single transaction. So what do you think about lot size that you used in single transaction? How many lot size that you usually used in your method and why do you use that much amount of lot size? Quote Link to comment Share on other sites More sharing options...
Nikhil Posted March 3, 2011 Share Posted March 3, 2011 Using big lot size is risky and as well as reward too. i am using big lot size when scalping and sometime it giving me more but sometime also lossing more . and for me and think it better to trade with small lot to secure our capital. Quote Link to comment Share on other sites More sharing options...
andry777 Posted March 3, 2011 Author Share Posted March 3, 2011 @Nikhil Yeah, you're right. using high lot size will be risky to our account because it will risk our account to lose higher too. It's good to use high lot size in scalping, and you should use it in scalping only because you won't lose too much if you limited your loss with cut loss it when you suffered floating minus. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted March 28, 2011 Share Posted March 28, 2011 Lot sizes in forex trading should depend on the amount of money that we have in our trading accounts, a trader who has 1000 dollars in his account can use a lot size of 2 or 3, but for little amounts like 300 dollars and below, a small lot like 0.20, 0.40 or 0.50 are recommended, for me, i use a lot size of 0.60 in most of my trades. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted April 26, 2011 Share Posted April 26, 2011 I still use .01 lot size at it help me buy several times as i ususally go only long and when the rates comes down i can buy more and when the trend changes and my trades give legit profit i start closing them. Quote Link to comment Share on other sites More sharing options...
boniez Posted May 2, 2011 Share Posted May 2, 2011 I still use .01 lot size at it help me buy several times as i ususally go only long and when the rates comes down i can buy more and when the trend changes and my trades give legit profit i start closing them. use a lot with the size like that, it is very safe because the defense is stronger margins than large lots. but please note that the profit generated will also be equal as the lot sizee,, lol Quote Link to comment Share on other sites More sharing options...
andry777 Posted May 15, 2011 Author Share Posted May 15, 2011 @boniez Yes, it's really safe to use 0.01 lot in each of our transaction but it will give us really small amount of profit. It's okay if we wanted to learn about how to trade well but it's not good for earning. If we wanted to get good profit, it's better to use 1 lot as the lowest lot size except if you used low leverages. Quote Link to comment Share on other sites More sharing options...
bloger90 Posted May 23, 2011 Share Posted May 23, 2011 I select lot size depending how strong the signal (Parabolic/MACD) if M151H,4H are supporting then i will open a trade of 1 lot . (since i'm a small investor that is my largest lot). Or else i'll open .3/ .5 lots. You have to consider how much risk you are will to take. Quote Link to comment Share on other sites More sharing options...
andry777 Posted May 24, 2011 Author Share Posted May 24, 2011 Every trader will use different lot size based on how many dollars is capital in trading. It's really important to use proper lot size with your capabilities to take the risk of losing. And if you wanted to know how many lot sizes, it will depend on how is your style in trading that you used. If you used short-term trading, usually you will use higher lot size than long-term trading. Quote Link to comment Share on other sites More sharing options...
standart Posted June 14, 2011 Share Posted June 14, 2011 usually I only use 0.01 lot as smallest lot and highest lot is 0.1 only. its small indeed because I also only have small amount in my deposit account. these lot keep me secure and accept high loss risk. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted June 26, 2011 Share Posted June 26, 2011 Most of the time i prefer to use 0.10 lot but when there is some confusion then try to open 0.05 . actually before sometime used big lot size like 1 but for this i lost many and also earn but its more risky . for this now not taking so much risk because now know if there is mistake then its hard to servive long time here. Quote Link to comment Share on other sites More sharing options...
andry777 Posted July 5, 2011 Author Share Posted July 5, 2011 @standart That was good to use small lot size in trading because it will be lower risk for us but it will be lower profits too. It was good as starting point to know how to get consistent profit and if we could get consistent profit, we can improve our lot size so our profit will be increased too with same pips that we earned. Quote Link to comment Share on other sites More sharing options...
winning11 Posted July 6, 2011 Share Posted July 6, 2011 To me, various lot sizes are just part of the trading strategy. You can adjust your lot size according to your total account balance if you target a certain percentage of profit. Or you can double or triple your lot size when you are practising strategies such as hedging. For me, I vary my lot size a lot. Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted July 15, 2011 Share Posted July 15, 2011 I only trade with 2-3 lot for every single position. I do it so I still have a good margin to open another position if market goes wrong way with my prediction. And to prevent from loss much I will always put stop loss on every position. Take profits only 30-50 pips per one position. Quote Link to comment Share on other sites More sharing options...
winzpc Posted July 24, 2011 Share Posted July 24, 2011 I use 0.5 lot per trade that cause me a 2% risk of my account. If I can make my account bigger then I will increase my lot size to earn more profit. I feel little unsatisfied with my current trade because I only get small amount of money in my single trade because I have a mini size account. Hope can develop my account into a big and can use this business to fulfill my life. Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted July 25, 2011 Share Posted July 25, 2011 I use 0.5 lot per trade that cause me a 2% risk of my account. If I can make my account bigger then I will increase my lot size to earn more profit. I feel little unsatisfied with my current trade because I only get small amount of money in my single trade because I have a mini size account. Hope can develop my account into a big and can use this business to fulfill my life. Â What account do you use? If it is a standard account you can make a good profits too if you can get many pips in one trading. The best way to make you account bigger in short time is using compound method but i not suggest it cause it is very risky. Maybe you can open more lot for every position cause I see you only risk 2% of margin so it still safe if you can make it 5% on every trading. Quote Link to comment Share on other sites More sharing options...
andry777 Posted July 25, 2011 Author Share Posted July 25, 2011 I prefer to use the lowest lot size in the first time of my trade but it's not always the lowest lot size that I used. It will depend on condition of market and also it will depend on style that I used in each condition but mostly I will use normal lot size (1 lot) with leverage 1:1000 or 1:500 so in each movement, its value will be 10 cents per pips. Quote Link to comment Share on other sites More sharing options...
winzpc Posted August 1, 2011 Share Posted August 1, 2011 I aslo use the leverage 1:500, it makes me can open a bigger lot size. Definitely for new trader will try to use the lowest lot and make them can settle in this forex. Most of them like to compound their lot size and that's will cause a huge loss then got margin call. When I trade in live acc for the first time I use a smallest lot 0.01, it always different feeling to start a trade in live account after demoing in virtual account. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 9, 2011 Share Posted September 9, 2011 I don't use any fix lot sizes when trading in Forex. When I find a position whit greatest of winning chances, I do take a maximum of 5-10 lots of it. Howell, normally, I take positions with 2-3 lots per position.. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 10, 2011 Share Posted September 10, 2011 I have micro account and so i trade in multiples of .01 lots and highest quantity i go to buy sell at one go is 20 that means never more than .2 lots though some time i place order for as little as single micro lot i.e. .01 lot. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 Best lot better to rely on is when the point is equal to one dollar It certainly depends on the size of this is the account used for the Q when I change My Account more Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 14, 2011 Share Posted December 14, 2011 I used the minimum lot size or the smallest lot size which is 0.01. Since it is good for me not to lose easily. And can trade for longer time and able to have analysis and try to figure if its time to close the trade if ever have profit. I dont yet tried higher lot size since i still not that fully understand how small lot size will be used in good trading. Quote Link to comment Share on other sites More sharing options...
omostar Posted December 21, 2011 Share Posted December 21, 2011 I used to have a micro account so I traded in 0.01 lot. I may use maximum three of that but I can't remember exceeding .03 ever. I believe that is safer especially because I like long term trading. Quote Link to comment Share on other sites More sharing options...
zdaina Posted January 7, 2012 Share Posted January 7, 2012 hello, i use a small lot like 0.01 lot. because i don't a lot of money to trade with . i hope to ameliorate my skills before trading with big lots . Quote Link to comment Share on other sites More sharing options...
stezz Posted February 12, 2012 Share Posted February 12, 2012 i always use big lots because my technique is high risk high profit that because i want to make fast money Quote Link to comment Share on other sites More sharing options...
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