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  1. #1
    Active Member Kius's Avatar

    Currency Trading Risk Management? !!!

    Hi guiz! Just a quick question, if you don't mind. I plan on opening an account with Ubinary for $300 (with no bonus, if I can help it). My plan is to trade solely with EUR/USD, at least for now. What would you say is a good approach, risk-management wise? $30 per trade?

  2. #2
    Master Member Bogdan G's Avatar
    ... that's 10% risk so you can only afford 10 losses assuming you maintain the percentage

  3. #3
    Legendry Member milos's Avatar
    Quote Originally Posted by Kius View Post
    Hi guiz! Just a quick question, if you don't mind. I plan on opening an account with Ubinary for $300 (with no bonus, if I can help it). My plan is to trade solely with EUR/USD, at least for now. What would you say is a good approach, risk-management wise? $30 per trade?
    Hi Kius

    My advice

    Minimum amount investment per trade $5!

    Maximum amount investment per trade $10!

    Did you hear 2% rule risk management? $300x0.02=$6 optimal investment amount per trade.

  4. #4
    Veteran Member hchandra's Avatar
    Hi Kius,
    depend on your risk appetite, if you are aggressive you can use 3-5% risk as guidance but never more than that.
    If you are conservative you can use 1-3% risk each trade risking from $3 - $9

    In the end risk as much as you can accept and remember to question
    "What will happen if I lose 5 times in a row?"
    or better "What will happen if I lose 10 times in a row?" is it possible to happen (bad luck days)?

  5. #5
    Senior Member dorrian's Avatar
    Too risky mate..

    Don’t rush to trade this way. 30$ on 300$ account is 10% risk per trade it is way too much. 10$ per trade is much better, but still risky approach. I am trading with 1% risk and very comfortable with it. So be careful with this you are planning to make!

  6. #6
    Specialist Member marvel's Avatar
    I am using 2% risk per trade rule and avoiding everything that is in excess to that number. This way I am trading for more than a year and never have severe drowdown. So it helps a lot to control your risk. You could trade aggressively and win but that is pure luck. If you do the same few more times you will lose surely.

  7. #7
    Rookie Member opdax's Avatar
    $200 is smallest deposit i think - so unless you have more money that you are willing to deposit (assuming you will lose 100% of the $200 in the beginning), go with the min. deposit. What's the rush?

    BO are not a get-rich fast scheme - if you work it like that you'll be get-broke fast.

  8. #8
    Senior Member dorrian's Avatar
    Quote Originally Posted by opdax View Post
    $200 is smallest deposit i think - so unless you have more money that you are willing to deposit (assuming you will lose 100% of the $200 in the beginning), go with the min. deposit. What's the rush?

    BO are not a get-rich fast scheme - if you work it like that you'll be get-broke fast.
    Absolutely agree minimum deposit is the best way to start. You will increase it only with confidence in your results.

  9. #9
    Veteran Member Optionguy's Avatar
    I would start trading with the smallest possible amount. It seems to be 5 bucks. If your account grows you can increase your trades to 10 bucks, but only after you have doubled your account. You won't have stress by trading with such small risk.

  10. #10
    Legendry Member willyw's Avatar
    Quote Originally Posted by opdax View Post
    $200 is smallest deposit i think - so unless you have more money that you are willing to deposit (assuming you will lose 100% of the $200 in the beginning), go with the min. deposit. What's the rush?

    BO are not a get-rich fast scheme - if you work it like that you'll be get-broke fast.
    You are dead wrong. Minimum deposit is $5 only

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