zandtenn » Forex

Determining my trade size

Tue, 24 Aug 2010 16:00:25 +0000

How much to put on my trade size?

In order to determine my trade size for forex?

What is my Risk per trade? 1% … 2% … 5% … what risk am I willing to lose for that trade if it’s wrong?
What type of account; Standard, Mini or Micro, as of Oanda, any trade size will be do.

I am currently trading with Oanda on a small account of SG$150, and 3% is my risk per trade.

Formula to determine my trade size;
= (Account Balance * 3%) / (Stop Loss Size in pips * Pip Value)

example
Account Balance $150
Stop Loss 20 pips
Pip Value sg$0.000139

= (150 * 3%) / (20 * 0.000139) = 1,618 (ignore decimal numbers)

Note:
100,000 = 1 standard lot size
10,000 = 0.1 standard lot size (with mini account)
1,000 = 0.01 standard lot size (micro account)

Sell Stop EURUSD 1.22835

Wed, 30 Jun 2010 10:36:07 +0000

8.00pm Stop out with 10 pips profit
7.58pm don’t know why T1 did not fill so move stop loss to BE+10pips
7.53pm Missed Target1 10 pips by 0.5 pips moved Stop Loss to Breakeven + 1 pips
7.45pm starting to move … down … yahoo
7.25pm Took 12 pips of heat (sweat)
GMT+8 20100630 6.35pm Sell Stop 1.22835, Target 1 10 pips, Stop Loss 17 pips

1st Forex EURUSD Win on Oanda

Fri, 18 Jun 2010 08:35:34 +0000

Took my 1st Live trade with Oanda after opening the account 2 weeks ago, I was learning and training with MT4 and NinjaTrader Charts for years now to trade the Forex market, but Oanda is the Broker that I can test Wealth Building leveraging compounding principle.
This 1st trade gained 0.36% for the account.

17th June Forex EurUsd 2 stop out

Thu, 17 Jun 2010 08:43:42 +0000

I was very weary of the Asian session as most of the time itz not profitable, and today again proven to myself with 2 full stop out of eurusd and miss a good long for the London session.

Missed London session completely and shorted in the NY session

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and I got stop out on this trade too

16th June Forex winning trades on EURUSD

Wed, 16 Jun 2010 13:00:14 +0000

Today’s 16th June Forex winning trades on eurusd
1st trade 10 + 15 + 35 pips
2nd trade 10 + 1 + 1 pips

June 14th winning trades on EURUSD

Mon, 14 Jun 2010 13:23:09 +0000

1st trade of the week netted 10 + 10 + 10 pips, my trades are divided into 3 parts for target 1, 2 and 3.
2nd trade bring home 10 +15 +19 pips, both on EURUSD

1st eurusd trade of the week … winning trade

Wed, 09 Jun 2010 10:55:45 +0000

My 1st trade of the week winning trade on long eurusd
Target 1 10 pips
Target 2 15 pips
Trailing Profit take on the balance trade taking home 23 pips

2nd winning trade 10 +15 + 9 pips

Another winner on EURUSD on Oanda

Tue, 01 Jun 2010 11:27:50 +0000

2.44% Growth on this trade bring the account from $1,064.96 to $1,090.96 with just 1 trade.

EURUSD Day Trade 4% win within an hour

Tue, 01 Jun 2010 02:45:48 +0000

2010 06 01 7.05pm GMT+8
Total 6 wining scalp for a 8.16% growth

2010 06 01 4.10pm GMT+8
Just added another winning trade scalping eurusd bringing the tally growth to 5.4466%

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A great day to start day trading to bring home 4% on eurusd scalping …
Just 3 trades within an hour, scalping for 4 pips risking each trade at 5% for a reward of 0.25Risk growing at 1.33% for each winning trades This is a scalp method learned from a open public webinar. And there is a catch and that is once you win your target for the day, stop and enjoy life and do not over trade. So today I am satisfy with my win thus going to enjoy my life for the day.

Winning Forex Trade on EURUSD

Mon, 31 May 2010 15:26:15 +0000

Today’s Day Trading EURUSD was fruitful growing my demo account almost 6% …
I am in the process to open an Oanda account to grow $100 compounding it for a 15% growth weekly …
Time can only tell if I can do it.