1000 usd and 0.1 lot trades

jhansen · #1 04-03-2009, 07:15 AM

Hi guys,
I was thinking of opening an account of 1000 usd and using scalper only.
The minimum trade size for the account I have considered is 0.1 lot - ie. 10.000 base currency or 10 micro lots.
Now is that a too risky approach - how much would that be in LRR if moneymanagement is on - surely it would be more than the default of LRR 5, right?

Please share your thoughts:-)

Thanks!

Miksa · #2 04-03-2009, 12:51 PM

Quote:

Originally Posted by jhansen

Hi guys,
I was thinking of opening an account of 1000 usd and using scalper only.
The minimum trade size for the account I have considered is 0.1 lot - ie. 10.000 base currency or 10 micro lots.
Now is that a too risky approach - how much would that be in LRR if moneymanagement is on - surely it would be more than the default of LRR 5, right?

i think LRR will be ~ 10 if leverage is 100:1 and deposit and pairs are in EUR: 1,000 (deposit) * 100 (leverage) / 10,000 (lot size)

jhansen · #3 04-15-2009, 02:49 AM

Thanks:-)
I decided to go with a broker that allows less than 0.1 lots (allows microlots) - forex metal.
So now I can better assess risk per day by setting LRR to what I decide for the specific day.
Thanks again.