Forex Trading Statistics
Several questions regarding the Forex market…?
Hi All,
I know everyone’s strategies, experience, capital, money management, time they spare for trading, etc are completely different than each other, but I will be really glad If you inspire this new guy who is eager to make a small statistics about the market. (Needed for a presentation).
Not able to find any firm statistics on the web though, anyways.
You may answer any question you like, Thanks.
1. What is your capital?
2. How many lots or how much per day do you trade? (micro, mini or standard)
3. What is your daily limit? (trades, profit, pips, etc)
4. What leverage makes you feel safe? (50:1, 100:1, 200:1, etc)
5. Do you like fixed or variable spread?
6. Do you prefer market execution or instant execution?
7. Is scalping always profitable to you, what do you think?
Appreciate your answers, time and help.
Regards,
Hey,
Just want to start out with I’m no pro but I’ll give my 2 cents and help you on with more resources.
1. the great thing about forex market is that you can start small. Some start from 5000-10000 but many start with 250 and that’s all fine. If you’re new to the trade you likely want to start small and use minilots until you get the hang of things as there can be learning curves that can result in some unpleasing experience but it helps build your knowledge and wisdom.
2. Most people likely trade with standard however yet there are many who prefer to trade with minilots. Personally if I were new to a certain currency pair, minilots or micro lots would be my choice, if I were more familar with a specific currency then more onto standard might be my choice but yet sometimes I’d still like to trade mini depending on the trend and past results
3. That really varies from each trader however it would likely be contigency on their capital and lots traded
4. I’m one that takes things very save so I generally prefer 50:1 but that’s a personal preference sometimes I move 100:1
Forex Trade Log and Calculator
