Nobullshit Network Forum at View Single Post

**Dan** · 04-03-2007, 02:33 AM

Now that you understand Leverage you have to figure out your trade size and money management.

You will start with $2,000 balance. If you stick with 0.1 lots for every trade you make, each pip will be worth $1. That's around 2000 pips needed to double your bankroll, or to bust it.

Play with 0.1 lot trades for now. Don't search for the excitement of watching your balance increase&decrease at a huge rate! That's gambling, not trading, and it will ruin your mental ability to make correct decisions and any chance of making profit consistently in this market.

Regards,
Dan

04-03-2007, 02:33 AM	#10 (permalink)
Dan Marvel Hero, Licensed to Flush Join Date: Feb 2007 Posts: 313 My Mood: Fav Ecurrency: E-gold Thanks: 26 Thanked 57 Times in 38 Posts	Re: Leverage. How does it work? Now that you understand Leverage you have to figure out your trade size and money management. You will start with $2,000 balance. If you stick with 0.1 lots for every trade you make, each pip will be worth $1. That's around 2000 pips needed to double your bankroll, or to bust it. Play with 0.1 lot trades for now. Don't search for the excitement of watching your balance increase&decrease at a huge rate! That's gambling, not trading, and it will ruin your mental ability to make correct decisions and any chance of making profit consistently in this market. Regards, Dan __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.