What risk per trade should it go with? - Page 3
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Thread: What risk per trade should it go with?

  1. #21
    Quote Originally Posted by ;
    Thanks, Can you recommend me Broker with micro accounts along with paypal deposit?
    Answer: I trade through an institutional trading company, so I trade the firm's capital rather than a different account. So, unfortunately I do not have much information on the best broker to proceed with for an independent account that offers microlot trading. I am sure other traders in this forum could have some good hints on a broker. Another aspect to think about is finding a broker that offers a clinic account so it is possible to trade on a simulator until you show some consistency. Good luck with your trading.

  2. #22
    Quote Originally Posted by ;
    I trade the firm's capital rather than a different account. .
    Hi Jcsuits,

    I'm looking for a great prop shop to trade for, care to share your details?

    ~Tim

  3. #23
    Quote Originally Posted by ;
    Thanks !!
    That the ideal part of the website is the words NO CAPITAL CONTRIBUTION
    that removes 99% of those BS right there!

  4. #24
    Quote Originally Posted by ;
    Hello ,

    I'm looking for a good prop shop to exchange for, care to share your details?

    ~Tim
    Hey Tim. I exchange with iFundTraders. It is a prop trading firm run by Oliver Velez. I think that it's a program that is fantastic and I'd highly recommend it. The site is currently http://www.ifundtraders.com. They provide both equities and FX progr.

  5. #25
    Quote Originally Posted by ;
    Hey Tim. I trade with iFundTraders. It's a prop trading firm run by Oliver Velez. I think that it's a great program and I'd highly suggest it. The website is http://www.ifundtraders.com. They offer both equities and forex progr.
    Hey thanks allot Jcsuits! I love it allot...

    Quote Originally Posted by ;
    Thank you, Can you recommend me Broker with micro accounts and paypal deposit?
    Hi Oliver_Chart, I just googled forex brokers that take paypal and this site seems adequate: http://www.100forexbrokers.com/paypal-brokers

    as far as recommendations go,, I probably can not help you there because I just use IBFX (not positive if they take paypal).... What I usually do is just download the demo, check out there spreads, and do a little due dillegence through broker review websites.... Good luck!

    ~Tim

  6. #26
    Quote Originally Posted by ;
    Hey thanks allot Jcsuits! I appreciate it allot...


    Hi , I just googled forex brokers that accept paypal and this website seems adequate: http://www.100forexbrokers.com/paypal-brokers

    as far as recommendations go,, I probably can't help you there because I just use IBFX (not sure if they accept paypal).... What I typically do is just download the demo, check out there spreads, and do a bit due dillegence through broker inspection sites.... Good luck!

    ~Tim
    Tim, thank you for connection with paypal brokers very helpful!!!

  7. #27
    I manage my account with a rigorous set of rules depending on the utmost mathematical success with minimal exposure. I take a diploma in comfort in knowing that if I practice sound money management, I'm mathematically assured of growing my equity (absent unknown or uncontrollable factors such as spikes in price action in the millisecond before a stop-loss can be put).

    There is a principle called the kelly standard which is used by traders in addition to bookies. The formula is:


    Kelly percent = W -- [(1 -- W) / R]

    Where:
    W = Winning probability
    R = Win/loss ratio


    There is material online which will describe how you derive constants for the factors.

  8. #28
    Or do you mean R = Profit/loss ratio?

  9. #29
    Risk consistently more and 2 to 1. . Regardless if it's 50 profit and 25 reduction, or 100 profit and 40 reduction... so if you win 6 trades in 10 you're still the winner!

  10. #30
    As a newbie you should not use any Risk Percentage of your equilibrium.
    This is only going to shift the odds against you if you are just somewhat profitable it will make you unprofitable. You will have enough problems beating the spread independently at first.

    When you have a egy which has a 50 percent winrate and use 1:1 RR all the time you won't end up breakeven but shed your bum if you risk x percent on each transaction.

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