1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

newbie!, how much would you put on a position

Discussion in 'Beginners Bootcamp' started by papadevon, May 29, 2009.

  1. papadevon

    papadevon Recruit

    Joined:
    May 29, 2009
    Messages:
    1
    Likes Received:
    0
    Hi there,
    i'm a beginner so pardon the dumb question. I need advice on how much should you put on a positon (one order). Suppose i have an account with $1000, how much should i risk on one position.

    And along with that, how much should i left open. Suppose i have 5 open position, how much (in %) should i risk?.

    thanks
    Recruit papadevon
     
  2. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,629
    Likes Received:
    2,187
  3. Nancy Cheah

    Nancy Cheah Sergeant

    Joined:
    Apr 10, 2009
    Messages:
    157
    Likes Received:
    1
    Assuming you've a grand, I think that opening a 10k position shall suffice.

    Regards.
     
    #3 Nancy Cheah, Jun 1, 2009
    Last edited: Sep 5, 2011
  4. Cesil

    Cesil Private, 1st Class

    Joined:
    Mar 1, 2009
    Messages:
    49
    Likes Received:
    0
    Depends what your trading style is & whereabouts in your trading cycle you are. You could try going crazy and go all casino & (as far as your account allows) double up after each loss; ie you can loss xx in a row but as long as you hit 1 of your orders you'll be back to even, until such time as you hit a winner the first time in which case you'd be up.

    Or also on what the pair you're looking to place a position is, is doing. If its near a very long term high or low you'd probably want to use a little more leverage than you normally would (high you'd short, low you'd go long).

    However I suspect everyone's different & you'll get a quite different slant from whoever posts next, so its something you'll really have to work out for yourself.
     

Share This Page