What percentage of my budget should I risk per Trade/session?

[FranciscoTeller]

For example, if I have $2000.

What should be the size of my trades? In lots please, is 1.0 too much for EURUSD?

 

[TradingKnowledge]

For example, if I have $2000.

What should be the size of my trades? In lots please, is 1.0 too much for EURUSD?

It really depends on the quality of the trades you make, if you wanna be VERY tolerant to risk (because you are't sure of the quality of the trades), you can start using 0.05 for that size.

or even the min, which is 0.01. Get used to the drill, once you win 7 out of 10, increase the lots a bit. After all you ARE learning.

 

[RichardFox78]

It really depends on the quality of the trades you make, if you wanna be VERY tolerant to risk (because you are't sure of the quality of the trades), you can start using 0.05 for that size.

or even the min, which is 0.01. Get used to the drill, once you win 7 out of 10, increase the lots a bit. After all you ARE learning.


View attachment 22

Very very true. Thyanks