It's also something to note this.
If you have enough "room" to trade 0.1 lot (a $10,000 trade) you can then move your volume in .01 increments, such as 0.11, 0.12, etc.
So, the only "trade off" is if you feel the need to trade LESS than 0.1 lot.
At 500:1 a .1 lot trade of the eur/usd is roughly $28.00
And, the trade is $1.00 per pip of movement.
So, if you have say, $300 in your account and you put on a .1 lot trade, you now have $300 - $28 for $272 of USABLE margin. This is enough to absorb 272 PIPS against your position before a margin call.
No trader should sit there and allow 272 pips to take their account, right?
Our own trading rules use 5% as a guideline for how far to allow a single trade to draw down your account which would be about 15 pips on a $300 account.
Meaning, use that as a stop loss level or even 10% for 30 pips.
And trade, using a systemt that wins more than it loses (you can talk to us about that if you don't have one currently). You can build up the small account and start using the .01 increments as your account size grows to trading bigger than the .1 lot.
Trade Safe!
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