First of all what is so special in 8 lot size? one should trade according to his skills and affordable capital to this depends on the leverage too not only on the capital you have the higher the leverage
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First of all what is so special in 8 lot size? one should trade according to his skills and affordable capital to this depends on the leverage too not only on the capital you have the higher the leverage
It is depend on your trade, I may suggest we should use a small lot first so we can practice well, if we master the new small lot that we can use a large lot. Capital that can be used to use a lot of very diverse.
main yahan naya hon mujay ziada pata to nahi kay kitni amount say tradin kartay hain.par thori amount amount say ziada lot ap ka balance nill karsakta hay so thori amount say ziada pip loss hosakta hay
i think doing and open 8 lot trading is high risky and dangerous trade for forex trader so i think minimum $5000-$8000 deposit for doing trade. because $5000 is very useful for backup and you minimum 500 pips backup money for this amount. so you must be big amount deposit for doing volume trade.
if you want to trade 8 lot size, the margin you need to prepare is 13x8 = 104, so, if you have under 104 then you you can not trade, and usually it says "not enough money", so, I suggest that if you invest you can deal with small lot size of 0.10 and 1 lot, so you do not worry about your capital runs out, if you are intraday, which open and close on the same day, you can close in a state minus when price turns against your position, but the calculations is the profit on that day is greater than minus your loss
If you are new to Forex don't crazy. Start your trading with $ 100 and 0.01 or 0.02 lot size. Beside you continue your learning and rich your analytical skills. When you become master than 8 lots doesn't matter. But initially it will be a foolish decision which can cause loss of your entire capital.
It is determined by what couple you want to business in and what make use of you use. In situation you want to business gold in insta-forex and gold amount is 1606, you need 1606$ investment to business only one lot at 1:100 make use of but in situation of gold all you will need is 29$ for a lot at 1:100 make use of.
its depend on you that how much time you want to live in market. and and try to develop good trading skills reading good books and following good sites / friends and forums ..can commencement with big lot size
with $400 of amount and if you take leverage at 1:1000 you can trade in 8 lot size but you will take the ultimate amount of risk in your account and it will be blown at any time. You need to trade more amount of capital like $5000 to trade such big amount of lot size and always be very careful about that
if we want to dot he lot of 8 then we should always try to open the big leverage so that we should do the well tradings in the market. it is more required that we should do the tradings in the market with only 160 dollars for this lot size.