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Newbie account size question ?
If my stop loss is on average 100 pips (on a daily time frame) and I don't want to risk more than 1% of my account how much should my deposit be ?
about 1 year ago
Best Answer - Chosen by Asker
The percentage risk depends almost entirely on your position size and not your actual pip stop loss. You could have a 1000 pip stop loss while still risking 1%. Conversely, you can also have a 1 pip stop loss but still risk 50% of your account. Try out the position sizing calculator to know what I mean.
I suggest going for a broker that allows CUSTOM POSITION SIZES so you can manage your risk easily.
about 1 year ago
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