High point was +10 and low -18. In the end break even for a day.
Wednesday, June 16, 2010
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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4 comments:
Hi FX,
How many percentage you may risk per trade? I think I used too much risk trading forex. 10pips equal to 1% of my account
I trade with exactly that right now, and for me it's low end. I feel comfortable with 10pips=1%. Last month and before it was 10 pips 1.5%
But I have problems with more money at risk so I don't feel comfortable now with more then 10 pips 1%. It's all in the feel I guess, with more money at risk comfort percentage go down. It's way better to trade in your own comfort zone and results are better then constantly pushing it just because mathematics say so.
Yes, I have problem with that too.
I trade Futures and it's not very flexible on sizing.
I need to widen my SL but risking the same money. Futures can't do that. I already trade only 1 contract
Maybe you should really consider forex spot broker to limit your exposure when you need bigger stops. It's also great for scaling when you are closing position because you can close half or third and let other part to ride.
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