Increasing Lotsize In Forex Trading?

[moonchild]

if you are just getting started in forex and wonder what kind of size should you start playing with, the most important point to note is that lotsize hardly matters to the markets, you first have to understand how the markets moves and how you can trade them successfully.

So it's important to start with a very small lotsize like 0.01 and learn, the importance of using this size is that your losses are insignificant, so you won't worry much about them, you'll focus more on your education and figuring out how to trade profitably, when you reach profitability you can then increase your lotsize and make money, it's psychological too, so you'd want to increase that gradually not abruptly when trading.

 

[FinTrader]

A large lot size means big risks. Consequently, this can lead to the loss of the entire deposit. Especially if the trader is inexperienced. Therefore, it is better to start trading and learning with small lots and learn to use stop loss. When the deposit increases, then you can use a larger lot.