ok thanks, i have done abit of reading on babypips before, as i have been looking at forex for over 18 months now (although i dont put the time and effort in, so i forget somethings!) but this time i want to go for it all out!
i contacted my broker who said i can change the lot size, by adjusting my amount size, currently at $10 (0.10$ per pip) i can have many 1000 unit microlots open at once. I think this is good risk managment, and will allow me to have many losing trades (while i learn) without my losing all my account.
im not bothered about this real money account so much, as i need to stop demo trading as the platforms just dont behave like the real ones..
i understand now that if i have one, two, 5, or 10 microlots open at once, then this will effect the amount i should risk per trade....i think this is what your saying in your previous example, and i understand now what it means....and for now i plan to follow the little table you gave espceically if i have more than one trade open at once.
I understand that my stops are placed according to each indivdual trade, and how much i think it will go up or come down by.....and also how much im willing to risk in relation to this....so im ok with stop losses (for now!)
i will still read through the babypips site as your not the first person to recommend them to me....
if any of the above sounds incorrect or i am wayyy off the mark, please let me know!
thank you