If you're struggling to keep up change the speed to 0.75
@joyorji53483 жыл бұрын
Thank bro
@MatttoMillion3 жыл бұрын
🙏
@bankableprofits3 жыл бұрын
Tell me about it. Playback speed such a blessing. Damn
@siyandamkhize40542 жыл бұрын
THANKS BRO
@FX_Bankroleman2 жыл бұрын
Made all the difference, thanks brotha
@jbentleytrades18152 жыл бұрын
Tried to watch this once and closed my computer out of frustration. Came back the next day, changed the speed to 0.75 and its become the most helpful video I've seen in months. THANK YOU!!! This information is so hard to track down.
@MatttoMillion2 жыл бұрын
Ah nice. Yeah sorry these earlier videos I speak may too fast. Glad you got something from pegging it back a bit though man!
@fusionharmony87293 жыл бұрын
This by far is the best video I have seen on risk management with entering a trade on the right lot size. No more pip calculators that don't really work. Thanks.
@MatttoMillion3 жыл бұрын
Glad it was helpful!
@justsa253 жыл бұрын
your consistency is going to make you one of the greatest trading channels on KZfaq right now man!! Keep it up.
@MatttoMillion3 жыл бұрын
Thanks man 🙏 really appreciate it. Let's see!
@forceofchaos16 ай бұрын
This didn't age well
@justsa256 ай бұрын
@@forceofchaos1 LMAOOOO this guy fell off so bad
@akhi_zayd3 жыл бұрын
what a coincidence I was actually trying to calculate my XAUUSD lots sizes right before this video was posted. Perfect timing lol 😆, Thanks pal
@MatttoMillion3 жыл бұрын
🙏🙏
@markm14613 жыл бұрын
People really criticizing on your speech pace damn y’all get a life or get a faster brain fr the man is giving out free Info 🔥
@MatttoMillion3 жыл бұрын
😂😂 Appreciate this 🙏
@Auld172 жыл бұрын
Watched this on 1.5x speed, and found it helpful. Thanks.
@MatttoMillion2 жыл бұрын
Glad it was useful! 💪🏻
@sesmcawameqi3 жыл бұрын
Next video suggestion: - your plan for trading, e.g. what FTMO account size are you aiming for, do you put profits in a separate trading account, do you have multiple prop firm trading accounts, if so how would you trade them i.e. hedging vs parallel trades... Thanks, it's very rare to find a helpful channel 😃
@MatttoMillion3 жыл бұрын
Great shout - am working on a couple of these bits but will definitely add the rest. Thank you for the support - really appreciated 🙏
@NBS349 Жыл бұрын
Meep meep road runner lol. Great video as always
@MatttoMillion Жыл бұрын
🤣🤣
@donalmadden70192 ай бұрын
Great vid Matt, best explanation that i have seen with the lot sizes.
@sizwezakhengwenya45463 жыл бұрын
Hi Matt, at approx 03:40 you go from dollar per pip ($1000 over 20 pips) then the answer is $50 per point. How did you get from pip to point? Isn't there a 1:10 relationship between pip and point?
@veliem39352 жыл бұрын
I think this is the fastest subscription I've ever made.
@MatttoMillion2 жыл бұрын
Appreciate this!
@ZeroToProfitable2 жыл бұрын
This helped me a lot. Very straight and to the point. Thank you Matt.
@MatttoMillion2 жыл бұрын
Thank you! Glad you got something from it
@athigqoji96513 жыл бұрын
As much as I love your content, I'm addicted to the song on the background. And lastly thank you so much for sharing this info to us 🙏🙏🙏
@MatttoMillion3 жыл бұрын
Thanks a lot 🙏 yeah a friend of mine actually made it for me! A hobby of his
@RahShanProductionsMTU2 жыл бұрын
Thanks dude this is the only thing that stopped me from trading them lol
@MatttoMillion Жыл бұрын
Haha - nice! 👊🏻
@stockstunna2 жыл бұрын
Great video! Could you please do a video on indices with regards to spreads, commissions and swaps with FTMO? I'm trying to get my head around it but there's not much information out there on the costs of trading indices. Keep up the great work buddy!
@MatttoMillion2 жыл бұрын
thanks man - yep I'll add it to the list
@veliem39352 жыл бұрын
Best comment. Looking forward to it
@mohamadalasadi46822 жыл бұрын
Hey Matt great video. I just don't understand where the '10' is coming from. 1 lot size is equal to 100,000 units, or is the 10 referring to something else?
@paullogan38669 ай бұрын
I think he could maybe be referring to the contract size of the indice?
@charging993 жыл бұрын
It is easier to figure out like in your example divide $1000 by 20 pips, instead divide $1000 by 200 ticks then you get your # of lots without more math.. Just my 2 cents
@MatttoMillion3 жыл бұрын
Nice - cheers!
@LocoPhin2 жыл бұрын
Thank you sooo much!! What's your cash app?
@buddkingsley5513 жыл бұрын
Hi Matt. Great vid but my maths is terrible. I'm on an FTMO demo account where I lot size for the Dow is 5500 euros. So 5 lots would be a whopping 27500 euros and I think 20 pip stop loss would get wiped within seconds. I must admit this is something I have a hard time getting me head around :)))
@Febs865 ай бұрын
Awesome video I have a question I'm still a newbie but what I learnt so far is that standard lot is 100 000 units why are you using 10 as a standard lot size here. Are the lot sizes different for FX and indices. Can you please explain I'm eager to learn keep up the great content
@bonifacekioko63204 ай бұрын
Yes they are different
@jacobnotte36993 жыл бұрын
Thank you so much for this! I was missing the conversion of base currency. Much thanks
@MatttoMillion3 жыл бұрын
Glad you got something from it!
@vaibhavsharma300 Жыл бұрын
at the speed he speaks he is definitely a day trader!
@MatttoMillion Жыл бұрын
🤣🤣
@MaverickDayTrader7 ай бұрын
Super scalper
@johnadoga97652 жыл бұрын
Thanks Matt... Very Informative... i appreciate bro
@MatttoMillion2 жыл бұрын
Glad it was helpful!
@swingkilla67723 жыл бұрын
Thx for the explanation Matt...well done ! Cheers
@MatttoMillion3 жыл бұрын
Thank you!
@egtrader49492 жыл бұрын
It’s amazing how many of you complain 😂 Can easily watch a video a few times, or use the handy feature where you can speed up or slow down audio on videos. If you complain this much about the rate this mans speaks I can only imagine how you all will react when you have a bad losing streak. Or worse blow your accounts 😂
@MatttoMillion2 жыл бұрын
😂 this one made my day!
@Minkjedi3333 жыл бұрын
Keep it coming. Anything Gold related would be great.
@MatttoMillion3 жыл бұрын
Cool, will do 👍
@maninactionS3 жыл бұрын
Thanks bro. That’s a good one.
@MatttoMillion2 жыл бұрын
Glad you got something from it 🙏
@letlhogonolomaswanganye87273 жыл бұрын
very informative, thank you
@MatttoMillion3 жыл бұрын
Glad it was helpful!
@jackmassie5750 Жыл бұрын
Matt when trading US30 on FTMO do you always need to adjust for the difference or does it sometimes align? I only noticed the difference this morning as been trading US30 on my funded acount for a week or so but looking at my trade last week it appears the prices were aligned. Does this change by day? All the best!
@jackmassie5750 Жыл бұрын
i use currencycom on tradingview for us30
@MatttoMillion Жыл бұрын
Yeah if you mean in reference to the discrepancy between price, for lot sizing it's not as vital but for entries etc. Then I tend to match the candles/candle price action when placing limits etc. As sometimes the price gap can vary day on day as you say
@jackmassie5750 Жыл бұрын
@@MatttoMillion all good been trading it fine as per your video :)
@bettertrader-TMG2 жыл бұрын
undices eg us30 move in points not pips,, throw some light on tht,, conversation of points to pips thnks
@glennthompson834 Жыл бұрын
Hey how does leverage play a part in this? Does leverage not matter with indices? Asking because this worked with my 1:100 leverage account now i have a 1:200 & dont know if this will change.
@MatttoMillion Жыл бұрын
Leverage will affect your deposit requirement, not the stand alone process of calculating lot size. But depending on the size of capital you may be limited with what % you can risk, due to lack of leverage
@3056bigman2 жыл бұрын
what do contract sizes have to do with all this. I notice on the ftmo account US30 contract size is 10, so when i use a 0.50 lot size theirs not that much increase in profit.
@apealeal39732 жыл бұрын
this comment just saved me so much money..
@JOSHUAINSIGHTS Жыл бұрын
Great video
@MatttoMillion Жыл бұрын
Thank you sir 👊🏻
@TheMarketMerchant4 ай бұрын
How is 10 equivalent to 1 standard lot? That's where i have some misunderstanding. My broker offers a contract size of 50 for US500 indices, how do i integrate this to my calculation? Timestamp reference 4:24
@bettertrader-TMG2 жыл бұрын
position size for silver XAG
@MatttoMillion2 жыл бұрын
I don't trade it unfortunately
@shakera79342 жыл бұрын
How do you find out/see where your broker quotes the decimalisation??? On met4
@MatttoMillion2 жыл бұрын
If you go onto the symbol on MT4 you can look at symbol properties and it'll tell you the contract sizes
@devanmcdonald45063 жыл бұрын
Bruh, if you talked any faster I would think I was watching a Micro Machines commercial from the '80's Info was very helpful though.
@MatttoMillion3 жыл бұрын
😂😂
@nisotharan54153 жыл бұрын
How come u put 0.01 lot size in MT4 for US30 pair because I can only see 0.1 lot size is the minimum size lot. Can u please tell is it because I am using MT4 not MT5 or anything else different
@franklinabba4483 Жыл бұрын
that is it!! Closed!!!!
@bettertrader-TMG2 жыл бұрын
thanks i got,, pips is the same as points to u
@r8rex2 жыл бұрын
Bro please do for my forex fund too thanks
@Pep_lo Жыл бұрын
This video became my first time where I had to put the video in slow motion to understand, Dude you have to breathe between words you talk faster than anyone in speed X2
@claraguzman90463 жыл бұрын
Thank you so Much Matt really really needed this :)
@MatttoMillion3 жыл бұрын
Glad it was helpful!
@Matt-iy2cf Жыл бұрын
I think you should speak faster to make sure that not even a single person understand what you are saying
@MatttoMillion Жыл бұрын
😂 It's horrible - I know. I slowed down as the videos went on over the past few years - promise 😉
@stonedivaD Жыл бұрын
Bro made a Math Mystery out of calculating Lotsize for Indicies. I am Trading 2 Years Successfully and i still have no Idea how to Calculate Lotsize on a US100 Chart. I am going to loose my Shit
@MatttoMillion10 ай бұрын
You're a god amongst men 🙏🏻
@lorsod3380 Жыл бұрын
so in dollars is 5.00 lot size correct
@heartstrings1102 жыл бұрын
This is confusing. You said it was a $5 lot size, but you showed a $50 lot size
@lynardstewart524 Жыл бұрын
How to calculate lot size on nas on hankotrade?
@MatttoMillion Жыл бұрын
NAS process would be the same as US30
@marsmith3411 Жыл бұрын
On hankotrade Nas contract size is 10 . So do I still divide my lot size by 10 ?
@manonleblanc29192 жыл бұрын
working on demo account....I can only enter units(not points or lots) and it also doesn't let me enter decimals so really lost on how to enter a trade for US30....??
@EdStyer2 жыл бұрын
Holy Crap...You may want to cut back on the coffee/tea juuuuuuuuust a tad bit! :)
@MatttoMillion2 жыл бұрын
🤣🤣🤣
@4X_Markets2 жыл бұрын
You speak too fast. Hard to really grasp most your information you put out there
@MatttoMillion2 жыл бұрын
Yeah I've slowed down in recent videos - it's a problem I needed to sort. The speed function can be handy on youtube to play at 0.75x, it's a less hectic on that setting
@ejikembaekwe160411 ай бұрын
You're a rapper 😂
@MatttoMillion10 ай бұрын
As an alter ego 🤣
@nicholaslopezzz3 жыл бұрын
i still dont understand please please elaborate please im really struggling to get it
@christianlee75012 жыл бұрын
If my stop loss on average on Nasdaq is 200. That would mean I need to use 0.5 lot on a 100K account to risk 1%?
@DaCountofBodies Жыл бұрын
5 months late but around there yes give or take.
@topscholars60712 жыл бұрын
Can I trade us30 with a $500 account?
@MatttoMillion2 жыл бұрын
Yes, though I'd say you'd need an account with 1:500 leverage
@c.b.r.2894 Жыл бұрын
could you please talk faster?
@MatttoMillion Жыл бұрын
😂😂
@samorka23302 жыл бұрын
you forgot that brokers have different contract sizes.
@rodrigoaeng66353 жыл бұрын
Great content but you have to slow down!!
@MatttoMillion3 жыл бұрын
Thank you! I know - it's a bad habit 😞
@shortscene67073 жыл бұрын
Make some video scalp trading..
@renejrgensen98653 жыл бұрын
I simply cannot understand what you are saying at that speed.
@MatttoMillion3 жыл бұрын
Sorry to hear that René. There is a speed function on KZfaq where you can reduce speed to 0.75x or 0.5x but appreciate it's not ideal
@titanblack63 Жыл бұрын
DAX on a usd account
@MatttoMillion Жыл бұрын
You'll just use EUR/USD conversion to work out the middle bit for that
@jremy83612 жыл бұрын
You talk too fast, slow down man
@MatttoMillion2 жыл бұрын
Yeah wish there was a way to slow my old videos down
@GuyLogen Жыл бұрын
I watched this in 2x speed and honestly, I don't get it.
@MatttoMillion10 ай бұрын
Sorry to hear that Guy 😢
@GuyLogen10 ай бұрын
@@MatttoMillion Hahaha, cheers mate! Jokes aside, I learnt how to properly calculate my lot sizes thanks to you 🙏
@Jaxbaneski Жыл бұрын
Fast and the furious
@anthonymassimo38432 жыл бұрын
Talking too fast to even understand
@MatttoMillion2 жыл бұрын
Yeah, have tried to peg it right back as I've created more. Not a natural video creator - that's for sure!
@lucashozzman6642 жыл бұрын
slowdown sassy pants why so much hurry? 😂
@MatttoMillion2 жыл бұрын
Places to be 😂
@Seli6358Ай бұрын
Bro slowwwwww downnnnn 😂
@Seefx60445 ай бұрын
4k you.u speak fast we don’t understand what you are saying
@MatttoMillion5 ай бұрын
You're absolutely right - this was an older video where my cadence was too quick. Indeed, 4k me. Hope you found the info you were looking for elsewhere though! Wishing you all the best for 2024 💪
@yuvarajmthwable2 жыл бұрын
your talking too fast ...wasting my time
@MatttoMillion2 жыл бұрын
Thanks for letting me know. Sorry to have wasted your time. There is speed switch on KZfaq where you can put it to 0.75x or 0.5x speed for anything you may watch in the future elsewhere that is quite fast too.
@TheDexxJ2 жыл бұрын
This is too much
@MatttoMillion2 жыл бұрын
Thanks for sharing
@richtheophilus31563 жыл бұрын
Too fast
@MatttoMillion3 жыл бұрын
Apologies for that - unintentional. Have tried to peg it back in the later videos!
@richtheophilus31563 жыл бұрын
Can you make a video on how to calculate lot size for commodities
@EdStyer2 жыл бұрын
You need more coffee!
@MatttoMillion2 жыл бұрын
🤣🤣🤣
@suecarroll3770 Жыл бұрын
Talks too fast 😮
@MatttoMillion10 ай бұрын
That I do 😢
@veliem39352 жыл бұрын
Damn
@MatttoMillion2 жыл бұрын
🙏🙏
@mirandasworld3 жыл бұрын
you didnt say how you worked it out to be a 20 pip stop loss
@veliem39352 жыл бұрын
I stand under correction, but I think he said you determine your own SL according to the trade.
@mirandasworld2 жыл бұрын
@@veliem3935 thank you
@veliem39352 жыл бұрын
@@mirandasworld u welcome
@leeshanpillay1253 Жыл бұрын
@@veliem3935 Hi, how do you determine your own stop loss? It is easy to decide how much you want to risk, but how do you determine how much you want your stop loss to be?
@marsmith3411 Жыл бұрын
@@leeshanpillay1253 stop loss should be only 50-100 points
@skillsinsilence96983 жыл бұрын
Bro how fast do you talk 😂😂😂😂
@MatttoMillion3 жыл бұрын
Too fast 😂
@franklinabba4483 Жыл бұрын
Do you have hot yam inside your mouth? Talk too fast i can barely hear
@MatttoMillion Жыл бұрын
I hope that's not a euphemism 🤣
@theav.13132 жыл бұрын
You talk too fast!
@MatttoMillion2 жыл бұрын
I do - blame my mother!
@youngcryptomoha40803 жыл бұрын
@matt to million .pls send me one laptop .
@mathewfriedly14103 жыл бұрын
Too fast, lol
@MatttoMillion3 жыл бұрын
My bad
@nessaswords3 жыл бұрын
50 Cent once said: "They say I talk a lil' fast, but if you listen a lil' faster I ain't gotta slow down for you to catch up."
@1908AMIR3 жыл бұрын
terrible video..talking wayy too fast
@MatttoMillion3 жыл бұрын
Yeah you're right - I've tried to slow down in more recent videos. But aside from the speed, it's a shame you felt it was terrible content. Which parts did you think were particularly terrible?
@1908AMIR3 жыл бұрын
@@MatttoMillion I"m sorry , the content is fine , the problem is that you just talk very very fast, cheers
@zipodipo79232 жыл бұрын
Whoa brother please cancel my subscription. It's bad enough I have to take this high speed mouth action from americans. I don't want any more of it. You need to slow done. Let me know when you've done that and I' reconsider.
@laynemotley70813 жыл бұрын
can i make a suggestion? im not trying to be mean or anything but we dont need to be reminded to follow you on instagram and subscribe to you every 2 mins. like i said not trying to tell you how to run your page just a new viewer and its kinda getting a little annoying
@MatttoMillion3 жыл бұрын
I agree with you. These were made quite some time ago and the whole video thing is new to me. Have definitely eased up on the later videos