A question regarding trading with leverage. Do you calculate that 1-2 % from the amount of money with leverage or without? Maybe an example will clarify my question. Let's say I have an account with leverage of 1:50 and I deposit 1000 USD in my ongoing trade I want to risk 1%. Would I now calculate 1% from that 1'000 USD or from the 50'000 USD?
Really appreciate you taking the time to make this. I am sure more advanced traders soon forget how baffling this was in the early days. I feel I've made good progress in my understanding this week and am enjoying using the demo account. This video has really helped make perfect sense of calculating the position size. Thanks!
Thanks for the explanation. From this I created a google sheets document that will calculate the position size from my stop loss and show the P/L ratio and help me decide if a trade is worth going into. :D
How do you take out the dotted lines of the tp and the sl from the chart in metatrader 4? Also, the MA that you use in this video or in general is exponential or simple? What value?
Hey Nicholas I really enjoy watching your videos as I am able to comprehend with them and also the interest you have invested in helping people in times of doubts also makes me really happy.This is also something I am willing to recommend to those who are new to the market and are keen on learning. My question about this video is when you opened the "new order" feature to open a trade,you executed the trade by clicking on the "Sell by Market" option why is that you didn't click on the "buy by market" option.Can you please tell me how and when each of these option have to be used.
Excellent info. I notice that when I open a trade (going long) it opens at a higher point usually in the chart than where it was when I first clicked. I.e. the location where I got in is higher numerically on the y axis making it potentially more difficult to profit. Sorry if my terms are not correct I'm new to trading. Is there a way to limit this or make it more precise?
That's because of the spread. The spread varies depending on the currency pair and your broker. I use Tradersway because they have the lowest spreads I've seen. Never use FXGLORY as their spreads are High as hell! Also, I'd discovered it's better to enter trades 2 hours AFTER the 2pm (west coast time) Daily candle open.
Hi man, probably a simple question, when looking at a exchange rate is 1 pip always valued at 10? But that then changes when you use it in your own formula due to the amount you trade?
Thank you for this good tutorial. You are shorting. I was once at a workshop, where the teacher said that most profits are made by shorting (among experts), is that true?
What do you think about Trading 212? I have a demo account and have been studying for a couple of months but kinda feel they may be sketchy to go live with. I also question how accurate their demo account is. I'm really profitable on it. Understand this is play money and the real physiology in Trading isn't applied but at the moment I'm using the demo account to learn about lot sizes, different currency pairs and see how the markets move every day with my EMAs and other indicators. I would like to go live soon but not sure if they are really very reputable
Nick do yo think we should close out positions before the trump ignaguration speech on Frida even though i dont have usd positions open only eurgbp and audcad.
Depends on the expected time horizon for the trades. If you're talking intra-day or a few days, I would stay safe and exit the trades (I always exit before the weekend anyway). If you're looking at weeks/months, I wouldn't worry about it.
Hi there, this answer is copied from my answer to someone else: Simple answer: search for an online pip calculator and see the value there (some brokers have it built into the trade order window or trade terminal). Not so simple answer: Multiply the trade size by the pip value, then convert to your own currency. For example, in EUR/USD a standard lot is 100,000 USD, a pip is calculated as 0.0001. So 100,000 USD * 0.0001 = 10 USD. If your account was in GBP (for example) you would then convert this by dividing by the current exchange rate (1.23371) which in this example would give £8.11 Most currency pairs have a pip value of 0.0001 but the JPY pairs are 0.01.
The Duomo Initiative - Learn to Trade Oh okay Thank you do you have a Course or videos on RUclips on different forex trading strategys and can the Forex market make you a fortune with the right amount of capital and the right amount of risk management?
The earning potential in the forex markets is unlimited, but it's better to be realistic about it. Even if there's no limit to what you can earn, most people will earn small amounts if they become profitable. Obviously a big part of this depends on how much capital you have. If you want to get started, it's best to sign up for our free mini-series www.duomoinitiative.com/freetradingtools
There are many online through brokers, e.g. this one I just found: www.fxpro.co.uk/trading/calculators/pip if you follow their guidelines, it should be quite self explanatory
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: ruclips.net/user/MarketMoversFinancialNewsandAnalysis
+The Duomo Initiative - Financial Education This is just superb, been searching for "forex pips striker indicator no repaint" for a while now, and I think this has helped. Ever heard of - Menabeth Pips Parapraxis - (Have a quick look on google cant remember the place now ) ? Ive heard some incredible things about it and my neighbour got cool results with it.
Hi i was wondering .. i have a Demo account of 100,000 usd , my leverage is 1:1 , and i want to risk 1% . ive used a calculator btw . BUt im having problem , the calculator says that i should enter 2 Lot cus i my stop loss is 50 pips. BUt when im entering in the volume : 2 lots , it says that " NOt enough money " ?? is 2 lots not 200,000 ? so i guess thats his reason? but ive watch your video , you have a balance of 10,000 usd and you enter 0.2 lot , isnt that means (20,000) ? please help thanks
Hi Jethro, if your leverage is 1:1 the most you can open is 1 standard lot. You can open less than that but not more, if you open more you would need leverage.
Oh okay thank you for responding immediately! Really Appreciated you guys! btw , what is the leverage that you recommend ? and i thought leverage is a bad thing ? isnt it ? cus it might double your profits and also risk?
Leverage isn't necessarily bad, as long as you are sensible with it. As a beginner we would recommend going no higher than 1:100 and if you are a more experienced trader then 1:200 can be acceptable. We would still only recommend risking 1-2% of your account per trade. This video may help: ruclips.net/video/WRL9HRs3wTk/видео.html
I am also using the MT5, but I don't know how to remove the arrows that came out when i put an order and exit. So how can i remove it And really thanks your channel are the best and u also 😁👑
Tools > Options > Trade ... then untick the box that says "show realtime history of deals on chart" If you have existing trades being shown on your chart then you'll need to remove the arrows manually. Right click on the chart and select "object list". The arrows may show up in that list, if they don't then you may have to click "list all" and they will show... then just delete them all.
It depends which currency you are looking to exchange against. If you want the live prices, you can find them through your broker (e.g. EUR/USD is just the exchange rate between euro and us dollar, so it depends which currencies you want to exchange between). If you want the retail exchange rate or an approximation, you can use a site like XE.com
I've just discovered a great BROKER on ¡Nstagram he trained me and I got double my profits in 3 days I invested $1,000 and got $3,500 in 3 days this (Walhackk) has a. Perfect investment plan
Very easy.. why don't you take a stop loss at 135 pips, and a 10.000 USD account. With a position on the GBP/NZD.. That would really teach us something..
PRAKASH RAJ He's talking about "1 Standard Lot" position size which usually equals $10 a pip Example $1 a pip = $.10c lot $2 a pip =$.20c lot and so on.
If you check out some of our live trade videos: ruclips.net/p/PLnLi8MK-orCGtcm7DewBrdaN4DJ5vzsa5 some of these were done on small accounts, or aimed at small accounts. There will be more videos about that topic in the future.
I've just discovered a great BROKER on ¡Nstagram he trained me and I got double my profits in 3 days I invested $1,000 and got $3,500 in 3 days this (Walhackk) has a. Perfect investment plan
The fear will go away with experience, just focus on progressing one step at a time, you don't need to know it all straight away. You're going to do great!
so what is the outcome of the trade. You should basically demonstrate the live market movement. such explainations have got no value at all. Its just waisting the time of views. If you are so confident then a practical and live trade set up is required. Not just this type of demo demonstration. Time is very precious and if the people give you respect and allow some time to dedicate you then come up with concreate demonstration. this demonstration trust me has got no value at all.
The video is called "How to open a forex trade and calculate position size". I think the video quite accurately shows that, so I don't think I've wasted anyone's time. If you already know how to open a trade and calculate position size, this video is clearly not for you, but as you can see from the comments section this video did have value for beginners. The example chosen in the video wasn't necessarily a trade opportunity, it was just a situation used to explain how to calculate the position size. If you want to see live trades, we have plenty of videos that show that on this channel too.
A question regarding trading with leverage. Do you calculate that 1-2 % from the amount of money with leverage or without?
Maybe an example will clarify my question.
Let's say I have an account with leverage of 1:50 and I deposit 1000 USD in my ongoing trade I want to risk 1%. Would I now calculate 1% from that 1'000 USD or from the 50'000 USD?
I actually don't have idea what forex is but with your video presentation, I somehow got inspired and wanting to learn more. Thank you.
Thank you. I had to watch this video a couple of times, but I finally understand.
Really appreciate you taking the time to make this. I am sure more advanced traders soon forget how baffling this was in the early days. I feel I've made good progress in my understanding this week and am enjoying using the demo account. This video has really helped make perfect sense of calculating the position size. Thanks!
You're welcome! There are many 'advanced' traders who also don't calculate their position sizes properly.
You explained it well. Thanks
Thanks for the explanation. From this I created a google sheets document that will calculate the position size from my stop loss and show the P/L ratio and help me decide if a trade is worth going into. :D
regards from Turkey , your video was so helpful
Glad it helped :)
Awesome Nicholas nice video!
Thank you bro.. That was very nice and well explained. Thanks for your good works..
Exactly what I was looking for. Thank you!
How do you take out the dotted lines of the tp and the sl from the chart in metatrader 4?
Also, the MA that you use in this video or in general is exponential or simple? What value?
Total newb here...thank you so much for this clear and detailed explanation!
Hey Nicholas I really enjoy watching your videos as I am able to comprehend with them and also the interest you have invested in helping people in times of doubts also makes me really happy.This is also something I am willing to recommend to those who are new to the market and are keen on learning.
My question about this video is when you opened the "new order" feature to open a trade,you executed the trade by clicking on the "Sell by Market" option why is that you didn't click on the "buy by market" option.Can you please tell me how and when each of these option have to be used.
Thanks for the video!
Which software are you using?
How do you generate the number of points info using the crosshair feature.I tried it on my platform but I can't seem to generate the info.Please help.
Thanks for this video, is as helped a lot!How does the leverage affect the risk percentage and how is margin calculated per leverage and risk taken?
Excellent info. I notice that when I open a trade (going long) it opens at a higher point usually in the chart than where it was when I first clicked. I.e. the location where I got in is higher numerically on the y axis making it potentially more difficult to profit. Sorry if my terms are not correct I'm new to trading. Is there a way to limit this or make it more precise?
That's because of the spread. The spread varies depending on the currency pair and your broker. I use Tradersway because they have the lowest spreads I've seen. Never use FXGLORY as their spreads are High as hell!
Also, I'd discovered it's better to enter trades 2 hours AFTER the 2pm (west coast time) Daily candle open.
What kind of indicators do you use?
Hi man, probably a simple question, when looking at a exchange rate is 1 pip always valued at 10? But that then changes when you use it in your own formula due to the amount you trade?
thank you , learned something...
So was this 0.2 mini lots or 0.2 standard lots?
Thank you for this good tutorial. You are shorting. I was once at a workshop, where the teacher said that most profits are made by shorting (among experts), is that true?
What do you think about Trading 212? I have a demo account and have been studying for a couple of months but kinda feel they may be sketchy to go live with. I also question how accurate their demo account is. I'm really profitable on it. Understand this is play money and the real physiology in Trading isn't applied but at the moment I'm using the demo account to learn about lot sizes, different currency pairs and see how the markets move every day with my EMAs and other indicators. I would like to go live soon but not sure if they are really very reputable
thank you.very informative
Nick do yo think we should close out positions before the trump ignaguration speech on Frida even though i dont have usd positions open only eurgbp and audcad.
Depends on the expected time horizon for the trades. If you're talking intra-day or a few days, I would stay safe and exit the trades (I always exit before the weekend anyway). If you're looking at weeks/months, I wouldn't worry about it.
This lesson was super fantastic
Thanks so much!
Thank you It's was very helpful as you usual . I can't wait to watch more of your upcoming videos.
Thanks Tania :)
tania jfr asssxxxcj
Hi so how would you work out 1 pip in a currency would it be just working out what 10 dollars is in the currency chosen and that would be 1 pip.
Hi there, this answer is copied from my answer to someone else:
Simple answer: search for an online pip calculator and see the value there (some brokers have it built into the trade order window or trade terminal).
Not so simple answer: Multiply the trade size by the pip value, then convert to your own currency. For example, in EUR/USD a standard lot is 100,000 USD, a pip is calculated as 0.0001. So 100,000 USD * 0.0001 = 10 USD. If your account was in GBP (for example) you would then convert this by dividing by the current exchange rate (1.23371) which in this example would give £8.11
Most currency pairs have a pip value of 0.0001 but the JPY pairs are 0.01.
The Duomo Initiative - Learn to Trade Oh okay Thank you do you have a Course or videos on RUclips on different forex trading strategys and can the Forex market make you a fortune with the right amount of capital and the right amount of risk management?
The earning potential in the forex markets is unlimited, but it's better to be realistic about it. Even if there's no limit to what you can earn, most people will earn small amounts if they become profitable. Obviously a big part of this depends on how much capital you have.
If you want to get started, it's best to sign up for our free mini-series www.duomoinitiative.com/freetradingtools
Hi
I'm Sorry to bug you but I don't know how to calculate the pip calculator can you either make a video or tell me on here.
Many Thanks
Gulam
There are many online through brokers, e.g. this one I just found: www.fxpro.co.uk/trading/calculators/pip if you follow their guidelines, it should be quite self explanatory
Thank you this was very helpful :)
You're welcome!
Thank You
🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining
🔹 Add us on Instagram: instagram.com/duomoinitiative/
🔹 Our second channel for financial news and analysis: ruclips.net/user/MarketMoversFinancialNewsandAnalysis
+The Duomo Initiative - Financial Education This is just superb, been searching for "forex pips striker indicator no repaint" for a while now, and I think this has helped. Ever heard of - Menabeth Pips Parapraxis - (Have a quick look on google cant remember the place now ) ? Ive heard some incredible things about it and my neighbour got cool results with it.
great video. thanks for your time. ;)
You're welcome Rob!
Hi i was wondering .. i have a Demo account of 100,000 usd , my leverage is 1:1 , and i want to risk 1% . ive used a calculator btw . BUt im having problem , the calculator says that i should enter 2 Lot cus i my stop loss is 50 pips. BUt when im entering in the volume : 2 lots , it says that " NOt enough money " ?? is 2 lots not 200,000 ? so i guess thats his reason? but ive watch your video , you have a balance of 10,000 usd and you enter 0.2 lot , isnt that means (20,000) ? please help thanks
Hi Jethro, if your leverage is 1:1 the most you can open is 1 standard lot. You can open less than that but not more, if you open more you would need leverage.
Oh okay thank you for responding immediately! Really Appreciated you guys! btw , what is the leverage that you recommend ? and i thought leverage is a bad thing ? isnt it ? cus it might double your profits and also risk?
Leverage isn't necessarily bad, as long as you are sensible with it. As a beginner we would recommend going no higher than 1:100 and if you are a more experienced trader then 1:200 can be acceptable. We would still only recommend risking 1-2% of your account per trade.
This video may help: ruclips.net/video/WRL9HRs3wTk/видео.html
How do I actually take my profit - is it by closing the trade?
Yes exactly. At that point the profit will be added to your balance (or loss deducted from your balance).
Yes
I am also using the MT5, but I don't know how to remove the arrows that came out when i put an order and exit.
So how can i remove it
And really thanks your channel are the best and u also 😁👑
Tools > Options > Trade ... then untick the box that says "show realtime history of deals on chart"
If you have existing trades being shown on your chart then you'll need to remove the arrows manually. Right click on the chart and select "object list". The arrows may show up in that list, if they don't then you may have to click "list all" and they will show... then just delete them all.
Man you are the best and thank's for providing all that helpful information to all of us
Hi
How would you find the current rate exchange of a currency.
It depends which currency you are looking to exchange against. If you want the live prices, you can find them through your broker (e.g. EUR/USD is just the exchange rate between euro and us dollar, so it depends which currencies you want to exchange between). If you want the retail exchange rate or an approximation, you can use a site like XE.com
Want to learn more
why 1pip equals to 10usd?
I've been trying to find a book that breaks this calculation process down. So far no luck. Does anyone know of one?
If you find one Lmk plz 🙏🙏🙏
i dont understand how do you calculate postion size if the price is moving constantly
I've just discovered a great BROKER on ¡Nstagram he trained me and I got double my profits in 3 days I invested $1,000 and got $3,500 in 3 days this (Walhackk) has a. Perfect investment plan
Very easy.. why don't you take a stop loss at 135 pips, and a 10.000 USD account. With a position on the GBP/NZD..
That would really teach us something..
bro...always 1pip = 10usd ?
No not always, it depends on the currency pair.
- Nicholas
PRAKASH RAJ He's talking about "1 Standard Lot" position size which usually equals $10 a pip
Example
$1 a pip = $.10c lot
$2 a pip =$.20c lot and so on.
Dont even trade yet i'm watching you but dont regret it ether have a great day
Time... to start trading!
do you have a video for small about of money trading ? because i get money here and there but thats about it
If you check out some of our live trade videos: ruclips.net/p/PLnLi8MK-orCGtcm7DewBrdaN4DJ5vzsa5 some of these were done on small accounts, or aimed at small accounts. There will be more videos about that topic in the future.
how did you know it was 50pips??? i was trying to find out how many pips but idk how you did it?????
Da MATT ATTAK he used that crosshair tool
hi man i cant subscribe for your free trading videos it showes like submiting for 15 minutes allready :D
I wish I was old enough to trade
Why are you talking about contracts??
I've just discovered a great BROKER on ¡Nstagram he trained me and I got double my profits in 3 days I invested $1,000 and got $3,500 in 3 days this (Walhackk) has a. Perfect investment plan
Wrong pip value
Should be $1 not $10
A standard lot would be $10
this is for beginners and you say we know 1 pip is $10 dollars , but we dont know this , why is 1 pip $10 us dollars
Do you trade forex?
Im petrified of doing a trade
The fear will go away with experience, just focus on progressing one step at a time, you don't need to know it all straight away. You're going to do great!
so what is the outcome of the trade. You should basically demonstrate the live market movement. such explainations have got no value at all. Its just waisting the time of views. If you are so confident then a practical and live trade set up is required. Not just this type of demo demonstration. Time is very precious and if the people give you respect and allow some time to dedicate you then come up with concreate demonstration. this demonstration trust me has got no value at all.
The video is called "How to open a forex trade and calculate position size". I think the video quite accurately shows that, so I don't think I've wasted anyone's time. If you already know how to open a trade and calculate position size, this video is clearly not for you, but as you can see from the comments section this video did have value for beginners.
The example chosen in the video wasn't necessarily a trade opportunity, it was just a situation used to explain how to calculate the position size. If you want to see live trades, we have plenty of videos that show that on this channel too.