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Resolved Question
What is the best lot size to enter the trade?
I have account with USD 2000 and using MT4 with 1:100 leverage, what should be the lot size with 20 pips stop loss and 20 pips take profit. thanks for your answer
about 1 year ago
Best Answer - Chosen by Asker
The "best" lot size will depend on your risk management rules and the pair you trade. For example, if you are willing to lose only 1% of your account (20 usd) on a eurusd trade with a 20 pip stop, then you risk 10,000 units or 1 mini lot. I posted a nice tool below for you so that you can determine what's the best lot size to use.
about 1 year ago
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Answers (2)
For people who are beginners, 2% of your float should be the max that you ever consider. As ninja said, you should position size to the risk %, so 1% risk over 20pips is 1 mini. 2% is 2 mini.
about 1 year ago
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This depends on how much you are willing to risk on the trade. Using a position size calculator, you can determine how much units you should put in a trade based on the percentage of your account your willing to risk and the size of your stop.
about 1 year ago
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