Starting with forex...

[RogerMontoyo]

I'm starting with forex, I want to learn and make my own trades. I'm currently opening some orders in a small account I have, which have now $400ish

How do I know the size of lots I should use?

danke!

 

[TradingMonster]

The risk you can take should be around 2% of your total margin, so if you have $400, when you open a trade the maximum amount that trade can lose is $8

This Is being conservative and it also depends on the strategy you are using and how effective it is.