Start from small Lot's morelot's add later
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    Start from small Lot's morelot's add later

    This is kind of pure wisdom which is come from trading experience that it is safer to start your position gradually for a while with small lot first then gradually begin to increase you lot size as you balance increase like you make trade with .1 lot it is in you favor about 30 pip then you add .1 lot more so in this way you safe and make perfect trade for your investment .this is the real way to increase your account wisely .

    What is your finding about this share with us ?

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    trading should be done by the suitable lot size and this lot should not be big to avoid the risk and big loses and once the trader increases his capital then he can increase the lot size but it should be also in the safe range to be able to tay in the market and make more profits, this should be done within a plan and so the trader should follow this plan.

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    Rookie layigold's Avatar
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    That is the best way to maximize profits and grow your account without exposing your trading capital to too much risk. You need to be systematic about this and you must never compromise good risk and money management in trading . Even as you do this , you must ensure that you use protective stop loss each time you have reason to place trades. If you start trading with $100 account and you are using lot 0.01, as soon as the account becomes $200, you can increase the lot size to 0.02.

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    Start from small Lot's morelot's add later

    Trader need to start from small lots size,so that the trader will not expose his or her trade to risk, when the trader later see that,market trend is moving toward profit and the trader for see the market will still be on profit,the trader can increase the lots size,so that,the trade with be profitable, with huge profit.

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    This is the normal way of trading, we don't just start up with huge amount of lots size when trading but then we start with little amount of money when trading, we start with little lots. However the more you keep on growing and improving your skills then you should then keep on increasing the lots. That means taking thus more risk as you have increase in balance.

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    Rookie layigold's Avatar
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    If I have cause to add to profitable trade, I will have to move the stop loss of the first position into break even point and later do the same to the subsequent order so that I will not have anything to lose in case the market reverses against me . If you know how to manage the risks well, there is nothing wrong in adding to profitable trades when you are reasonably sure the trend will continue

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    Registered user musiliu's Avatar
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    lot size should be very small in relatively to the account size, you will only increase lot size when your account size becomes bigger, for a great money management plan, lot size is also best choosing based on the amount of money you want to risk and the pips of your stop loss, so what you will not lose more that. you intended to risk we you have a losing trade

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    Always have realistic DREAMS!

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    If care is not taken, adding more lot size as you notice trade goes in your favor can turn back to bite you like a serpent and that has led many traders to having huge loss in trading . It is better to plan your trade , determine your lot size before hand and execute your trades with good risk and money management . The only thing you may do is to move your stop loss target to break even point

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    One thing we have to understand about forex trading is to be able to build our trading skills and confidence, therefore taking the risk when new to the market should be at the lowest , after learning from the demo account, that does not mean that you will be successful so easily, but you have to be patient and learn from the real account also thus building your confidence.

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    Quote Originally Posted by Queen-of-the-coastFX View Post
    One thing we have to understand about forex trading is to be able to build our trading skills and confidence, therefore taking the risk when new to the market should be at the lowest , after learning from the demo account, that does not mean that you will be successful so easily, but you have to be patient and learn from the real account also thus building your confidence.
    It does not make sense when we are taking huge risk in the market, we are not keeping to money and risk management plans which will really cripple our account. It is far more better to start with little amount of money instead of investing big and then which will encourage we take too much risk and such could lead to huge losses.

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