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Author Topic: What risk per trade should I go with?  (Read 32747 times)

Offline hybrid

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Re: What risk per trade should I go with?
« Reply #45 on: November 11, 2015, 06:26:22 AM »
You said right but leverage should not use as 1:1 , it is safe for trader if they know forex properly they can use 1:50 or some high leverage up to 1:200 . More from it is much dangerous. I will recommend to use 1:100 leverage in trading.

Offline Profitable Trading

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Re: What risk per trade should I go with?
« Reply #46 on: November 14, 2015, 06:23:23 PM »
Take the risk you are comfortable with. 1-2% max.

Offline equityfx

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Re: What risk per trade should I go with?
« Reply #47 on: February 03, 2016, 01:41:02 AM »
Yes 1% to 2% risk is enough for a trader . He should not take risk more than 5% , his trading will become highly risky with more percentage he is using in trading . He would feel difficulty in managing risk with high percentage.

Offline hybrid

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Re: What risk per trade should I go with?
« Reply #48 on: August 26, 2016, 01:15:01 PM »
I also prefer to take low risk in trading . High risk is easy to take but difficult to manage. Mostly traders are fail to adjust with high risks and result is in loss. I will suggest to take 1% to 2% risk in trading not more than that.

Offline Confrontation Girl

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Re: What risk per trade should I go with?
« Reply #49 on: October 01, 2016, 11:47:10 AM »
In forex the risk should be as low as possible. Never put greed. If you want more money then add more money before adding risk.

Offline hybrid

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Re: What risk per trade should I go with?
« Reply #50 on: June 12, 2017, 02:22:10 AM »
Yes your risk should be less as much as you can manage. Less than 2% risk per trade is quite enough. If you trade with much risk you  should have abiliy to manage this risk. Greed should be avoided because every one wants profit not loss and greed brings loss at  last.

Offline forexbaby

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Re: What risk per trade should I go with?
« Reply #51 on: June 12, 2017, 03:37:57 AM »
really depends on many factors like account size, strategy employed etc


Offline Paul.Trafford

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Re: What risk per trade should I go with?
« Reply #52 on: June 23, 2017, 10:29:45 AM »
Depends on how much are you willing to lose.

Offline nick3232

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Re: What risk per trade should I go with?
« Reply #53 on: July 03, 2017, 04:25:51 PM »
ideally dd should not be more than 5 to 10 percent,this is how we should determine the risk setting

Offline AdamA

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Re: What risk per trade should I go with?
« Reply #54 on: February 28, 2018, 11:39:04 AM »
I learned that the risk per trade should be never more than 1% per trade in combination with a risk/reward of at least 1:2. However, personally I use a risk of 2-4% per trade. Perhaps that's why I have to deal with rather high DD every now and then.

Offline aicohn

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Re: What risk per trade should I go with?
« Reply #55 on: March 22, 2018, 11:59:18 AM »
1% is the max I do.  When I'm ahead 2% for the day or down 2% for the day I turn off the computer and quit.  A 2% daily gain with compounding will get you anywhere you want to go and smartly at that.

That way I never have to dig myself out of a hole where I'm down 10%.  That's demoralizing and debilitating to your trading psyche.  That's the reason for limiting your per trade risk.

It's also important to look at combined risk.  If you have GBP USD and GBPJPY trades IN THE SAME DIRECTION each with 1% risk, you're probably overtrading as well.
« Last Edit: March 22, 2018, 12:04:49 PM by aicohn »

Offline bearnakedbull

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Re: What risk per trade should I go with?
« Reply #56 on: March 22, 2018, 01:47:56 PM »
I haven't read through this topic to see if this point has been covered yet but you must be aware of what type of risk settings the coder has used and do that you will have wait for a trade. Ideally you have an EA with a heads-up-display on the chart that shows the lot size. I can say from experience that what one vendor counts as 10% risk is not what another counts as 10%. You need to be very careful. Some EA's will use 10% of your equity when you chose a 10% risk and if the stop loss is considerable then the potential is far beyond 10% of the account balance. Again, be very careful.
Regards, bnb

Offline aicohn

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Re: What risk per trade should I go with?
« Reply #57 on: March 22, 2018, 05:30:42 PM »
The topic for the thread is "manual systems, trade journals, indicators, manual trade help".  So I'm not addressing EAs at least in my post.  Moreover, I don't use EAs because I haven't found one worth a flip; I only trade manually.

Honestly, however, nobody would use 10% risk for a manual trade, and I certainly trust a trade I come up with on my own more than one cooked up by a computer program.  So, I'd use 1% regardless.

Advantages to low fixed risk:

Smoother equity curve
Better humor/mood from less worry
Less apt to jump from position to position or method to method as a beginner will
Seldom if ever having to dig out from a big drawdown

Disadvantages to low fixed risk:

Slower equity growth with a valid method
Position sizing problems with a small account

Personally, I view this as a marathon, not a sprint.  So 1% risk is plenty.
JMHO.

Offline idave

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Re: What risk per trade should I go with?
« Reply #58 on: June 02, 2018, 09:41:27 AM »
Hello. I have 1K live account.I have a profitable strategy.

Stop loss: 50 pips.

Take profit: 100 pips.

Profit Factor: 5.5

Currency pairs: GBPUSD and EURUSD

2-3 trades per day.

Leverage: 1:100

Trade duration London and New York sessions.

Thank you for advices.

Are you a beginner? If yes then I would suggest not to risk more than 1% of your money. Calculate every trade before you enter with a risk calculator. You just type in your difference of your entry point and stop loss, amount of money you are trading and how much are you risking.

Here is a link: https://www.myfxbook.com/en/forex-calculators/position-size

Offline Paul.Trafford

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Re: What risk per trade should I go with?
« Reply #59 on: August 13, 2018, 03:42:38 PM »
That is very useful calculator idave 😊 thank you for sharing
I was a bit old fashion and calculate it manually

 

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