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IAlwaysWin said:
That's hard to answer. I trade Forex not options so i have huge leverage 50/1 but I'd only use about 20/1 of it. Starting out small with 0.06 lots, 40/60 pips per trade and around 350 trades a year per fx pair. It depends on the market really.
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1. Are you 100% sure your account would increase and not decrease?

2. Would it be less than $500,000?
 
IAlwaysWin said:
I'd say more like $1mil+, it's Forex.
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On my Fx app, the USD value of 1 lot differs from pair to pair, but on EUR/USD 0.06 lots is only $134.

At 0.06 lots, you would make $30 at 50pips. Is that what you mean?

At those small amounts, doesn't the bid-ask spread get in the way?
 
farmerjohn1324 said:
On my Fx app, the USD value of 1 lot differs from pair to pair, but on EUR/USD 0.06 lots is only $134.

At 0.06 lots, you would make $30 at 50pips. Is that what you mean?

At those small amounts, doesn't the bid-ask spread get in the way?
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You need to learn how levelage works in Forex markets. That would be the starting point, i would compound from that point on up until a certain level. I'd trade maybe 5 pairs and don't forget that you'll have multiple 3/6 trades that will fire on the same day for each pair. I trade about .75 lots per day at .04 lots per trade.
 
IAlwaysWin said:
You need to learn how levelage works in Forex markets. That would be the starting point, i would compound from that point on up until a certain level. I'd trade maybe 5 pairs and don't forget that you'll have multiple 3/6 trades that will fire on the same day for each pair. I trade about .75 lots per day at .04 lots per trade.
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So you must have hold times that are just a few hours on average?
 
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