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What Is the Right Lot Size To Use in Forex Trading?
Рет қаралды 143,533
Күн бұрынWhat's the best lot size to use in forex? If you don't know what lot size should you trade your $100, $500 or $1000 account with, you will know how by the end of this video.
There are many factors that determine what lot size to use. 2 forex traders who both have a $500 account each will probably trade with different lot sizes due to these different factors.
A lot of people like to ask me what lot size should i trade with a $100 or $1000 account? I can't give them an exact answer because that is like asking me "what car should i buy?"
To calculate lot size properly you will also need to learn pip value, which I'll have it explained in this video as well. In general, the best lot size to use for beginners is as low as possible while making sure that you're not chickening out too much.
Disclaimer:
The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.
Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.
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Singapore youtuber profile:
Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.
This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.
It's also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.
Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.
She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.
Email: karen@karen-foo.com
Website: www.karen-foo.com
Facebook: / karenfoospeaker
Instagram: / imkarenfoo
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@zibaabdoul6978 4 жыл бұрын
Actually you are the best trading teacher on KZfaq
@KarenFoo 4 жыл бұрын
I appreciate your compliment. If i'm the best then i would have reached my milestone by now. I guess I'm still not there yet :)
@gort3969 3 жыл бұрын
Is this a joke? U must be her mother or something.
@manmuallim6886 4 жыл бұрын
The same moment I was searching for trading size The video poped up You are reading my mind!!
@KarenFoo 4 жыл бұрын
Yeap i'm a stalker
@monikeeify 2 жыл бұрын
You are professional but also funny, its great learning with you!
@deroch5731 2 жыл бұрын
I just got across your channel and I love the simplicity of your teaching, keep it up much appreciated
@traderlii5475 4 жыл бұрын
Thank you COACH...very very important lesson for NEWBIE TRADERS...ofcoz im an advanced trader and im happy to hear this from you.. Traders, In Forex there is no LUCK or GET RICH QUICK...if you want to be successfull in this INDUSTRY, Then Education First, as soon as you get the knowledge, follow these steps. 1-Start with $1000 Account(Lot Size 0.01), Keep Trading With That Lotsize untill You Reach $2000, then From $2000 use 0.02...$3000 use 0.03, $5000 use 0.05, $10,000 use 0.10... 2-Risk Per Trade 1% or 0.5% 3-Risk REWARD Ratio Atleast 1:2. (50 pips Stop Loss And Take Profit 100 pips). 4-Do Not Bother To Move Stoploss, doing This Will kill Your R:RR, Give The Market Freedom and Let The Market Breathe and ofcoz let The Market HIT your TP and your SL... 5-Discipline, Control Your Emotions, Do Not Let The Market Control Your Emotions. 6-Do Not Be A BreakEven Trader and Do Not Be A Revenge Trader. 7-Accept A Loosing Trade, Be HAPPY when the Market HITS Your Stop Loss, Cause You Don't Owe The Market, and The Market Owes You Nothing.. Thank Me Later... #Student From #SOMALIA.. Wish You All a Good Trading Career. #ASSALAMU ALLAIKUM
@Mustafa_dxb 11 ай бұрын
💞
@saifaniqvalentine7406 2 жыл бұрын
I'm comfortable with ur teaching. No memes like other UTubers.
@KarenFoo 2 жыл бұрын
coz i am the meme
@philipemmanuel9136 4 жыл бұрын
Words are not enough to say thank you for your professional and continuous insights, we are proud of you.
@n3wd4rk2 Жыл бұрын
Secondary school teachers failed to teach the way you executed CANCELLATION & MULTIPLICATION @ around 2:04. Great video, Karen. Love your show. 👆👍👍👍☝
@KarenFoo Жыл бұрын
I believe all math teachers should have taught it that way
@RAMESHCHANDRAA1111 Жыл бұрын
As a begginer, for what videos I'm searching the same getting in your channel.thanqqq karen
@elvischaoma5972 Жыл бұрын
Karen Foo you are one of the few traders I know who are super cool you enjoy giving true and helpful info... may you continue puting out helpful info God bless u...
@AmaruOsari 2 жыл бұрын
I'm watching this at least 100 times until I know this by heart...good shit!!💥💢💯
@kambeezauana 3 жыл бұрын
Thank you so much Karen. Your videos are very informative.
@saintman4468 4 жыл бұрын
If u know how to trade leverage is your friend if you r unexperienced trader who just want to make money fast its a rollercoaster and build that experience first to be able to pull the trigger...i see lot of good traders affraid of using leverage and i see lot of beginners overleverage every trade..the key is balance and calculated risk,it can speed up your account growth but its double edge sword,if u have good risk tolerance and u learn to trade with leverage u can be profitable with that type of trading,impossible is nothing a specialy on forex
@Post-ModernCzechoslovakianWar 3 жыл бұрын
3:25 I'm a Toyota Driver that likes to drive fast!
@thabanishange7479 4 жыл бұрын
I like how you play the "easter bunny" with your thumbnails Karen 😉. Fact is most of us don't pay attention to detail & tend to miss out a lot on valuable information. thank you for the lesson 👍
@bellaolum9768 3 жыл бұрын
You are such a good teacher, do you hold webinars for newbies?
@0xmaxq 4 жыл бұрын
the formula here is something I have been looking for ; All this lot size calcutor apps and websites don't have calculations for all the pairs.
@MovieClipsbyCorie 2 жыл бұрын
You are so funny. Thanks for making my day great
@martinettenes1789 3 жыл бұрын
.. I am Improving my knowledge in trading. Thank you very much ...
@thekingofafrica6720 3 жыл бұрын
Great video Karen... Helped me figure my lot size..
@bcrysinfinity7323 2 жыл бұрын
Again thank you for this guide and tips for lot size..very helpful specially to us as beginners in Forex trading
@renukamattikoppa7745 3 жыл бұрын
Such a beautiful explaination 😍😍
@ashrafshagar1793 3 жыл бұрын
Karen you are simply amazing. Thank you 🙏🏼
@gavinoktober753 3 жыл бұрын
Thank you very much for this video Karen.
@errakiabdelmajid5352 4 жыл бұрын
- - -° - one thing I learnt from forex is when to close a position in the just time, because the price can return back then a win become loss, It just happened to me this week, now I have a sport shoes to wear then to do some sport ( the refuge), you are beautiful my little miss Karen.
@traderlii5475 4 жыл бұрын
Yep i agree, most of RETAIL TRADERS, they use this technic, acting like they are right and think they protecting their profit, but as you said a win trade becomes a loss, cause they move their stoploss too soon and too quickly to Breakeven as soon the market goes to 20 pips above or below the entry, then gues what, the market comes back and hit their new stoploss...then 3 or 4 hours later, the market shoots up or down and hit their 100 pips TP...but unfortunately the Newbie gets nothing, because of moving his/her SHITTY stoploss and end up getting angry for him/her self, which is a really really a huge problem for RETAIL TRADERS... to me i prefer to wait the market and HIT my SL or my TP...moving stoploss to Breakeven doesn't make a sense in my opinion....
@KarenFoo 4 жыл бұрын
You need to close but not close too early. Sometimes this is just part of trading.
@errakiabdelmajid5352 4 жыл бұрын
@@KarenFoo this word -°close°- I have long story with it, it changes of the opposite meanings , I begin to hat it because it lasts in the bad meaning for long time, the good meaning never happened...
@amirunamin 2 жыл бұрын
Very informative ma'am.. lifesaver... Im really appreciate this
@Boismart 2 жыл бұрын
I Learned from this ...THANKS
@ethanlouie8587 4 жыл бұрын
You have always helpful karen
@tbos. 2 жыл бұрын
This is gem! Thanks Karen x
@musicpromotions1196 Жыл бұрын
Sorry Ms i want to know how does 0.847 come there?
@edijanainnoprince8591 4 жыл бұрын
Thanks, I have been thinking about this, now I know thanks again
@SeunFunmi_123 3 жыл бұрын
Wow,so special to know your are a lefty...No wonder you so brilliant and good ma....
@serge8317 3 жыл бұрын
Hi, great video, very informative. Do you have any books out there?
@David-uc8mi 4 жыл бұрын
Thank you Karen... PS.. looking beautiful this day!! Friendly compliment youtubers ... I'm happily married 😁
@goddessprivyndlovu9061 3 жыл бұрын
You didn't have to explain 🤣🤣🤣
@arafathhussain3853 Жыл бұрын
Which is the best forex company to do trading and to get withdrawal?
@KarenFoo Жыл бұрын
broker links under my broker videos
@mrepic8263 3 жыл бұрын
What broker do you recommend?
@KarenFoo 3 жыл бұрын
take note that the person who replied you to contact them on telegram is a scam
@omunguochieng9664 3 жыл бұрын
i love you KAREN keep up the good work
@cremebruleemt 4 жыл бұрын
Almost 100K Subscribers!! You can do it!!
@KarenFoo 4 жыл бұрын
Still way behind my intended deadline. :)
@biosevivian5227 2 жыл бұрын
@@KarenFoo you did get there soon. You are good. Am a new babies. Hope to join your membership
@dhavid__ Жыл бұрын
I seen your videos over time. But I needed more knowledge on lot sizing and stuffs. And I don’t know how come this is too direct and personal🤧😂. You’re amazing Karen🥹🥲
@marvinuio5265 4 жыл бұрын
Perfect content Karen!!
@rolanddecasa4438 2 жыл бұрын
thank you coach! keep it up!
@bhadraelan2414 2 жыл бұрын
Thank you Sensei.
@prestigesapient5392 2 жыл бұрын
@Karen Please my question is this: I started with a $3000 account .I lost about $30 dollars.When I want to enter another trade and I want to determine my lot size,what should I set as my capital?
@drabidkhan6990 4 жыл бұрын
very valuable thank you
@KarenFoo 4 жыл бұрын
You are welcome!
@andrewlacson6385 3 жыл бұрын
Karen, if I have a Margin or capital of 200 USD with a leverage of 100: 1 Therefore , 200 usd capital × 100 usd leverage = 20,000 usd buying and selling power . So, I " Cant " trade 1 Lot or 100, 000 dollars because my sell & buy power is only 20,000 is that correct?
@KarenFoo 3 жыл бұрын
take note that the person who replied you to contact them on telegram is a scam
@joeberttajanlangit8122 2 жыл бұрын
What lot size computation should we use if leverage is 1:300?
@ManyFestLife 4 жыл бұрын
Hi Karen I am a 16 year old Forex Trader from Sri Lanka can you please give me some advice please
@kennymartey7940 2 жыл бұрын
How do you adjust lot sizes when placing a trade on tradingview?
@ahmad-rv3th 2 жыл бұрын
Please give us the trading signals To show how much you are best.
@louiskendrick8052 2 жыл бұрын
God bless you Karen you should visit our country uganda West Africa
@anthonymurrell4667 4 жыл бұрын
Thank you very much!
@ntombizethugebashe1067 2 жыл бұрын
I need this today
@AzriRich88 3 жыл бұрын
Amazing Thank you again
@lifeafterkings6315 2 жыл бұрын
Hey are you based in the UK? I was wondering if you do 1 to 1 lessons?
@mymicroworld6106 4 жыл бұрын
Great video 👌 continue
@samuelfletcher4690 4 жыл бұрын
Great video
@delta_yoko Жыл бұрын
thank you !!!!!!!!!
@Kyle_P2022 Жыл бұрын
how do I factor in leverage to my lot size calculation?
@channel-us8js 3 жыл бұрын
Hello where can i find the online how calculate my trade if i have a 500$ capital and i trade on eur/USD I search on Google but i can't find... Need some help...
@ranvickjohn1022 3 жыл бұрын
What is the best lot to use if ur account has 300$
@PederE007 3 жыл бұрын
Good stuff.
@omarkurdi6436 2 жыл бұрын
if I want to trade without levarage.. how much lot should be??
@khenzyfx 4 жыл бұрын
Which lot size should i use a $100 acc
@nirmaltradercrypto5164 4 жыл бұрын
0.01 lot
@traderlii5475 4 жыл бұрын
Do Not Trade with $100 Account, Your Chance Of Loosing This Money Is Higher Than Making Money...You Better InCrease Your Deposit To $500 Or Else Withdraw before You Loose the $100... If You Want To Make Money In Forex, Atleast Start With $500 and use 0.01 untill your Reach $2000...then from $2000 use 0.02..
@KarenFoo 4 жыл бұрын
It's like you never bother to watch the video
@billyd7887 4 жыл бұрын
What is the mt4 program that does the lot size abd and sl for you? Does it come in an app?
@KarenFoo 4 жыл бұрын
My software developer does it for me
@nesakwasi1182 4 жыл бұрын
Thanks
@jhoven916 2 жыл бұрын
im guilty with lot size mistakes number 2🤭
@Sam-d4h3p 4 жыл бұрын
hey Karen what broker your are using right now? and what brokers you've used that you recommend?
@KarenFoo 4 жыл бұрын
Already made videos to address that
@stumpgrinders5084 3 жыл бұрын
lol , lamborghini driver, even tho your late for work. haha
@siphowilliam6522 4 жыл бұрын
Hi Karen. I want you to mentor me. What must I do?
@None-ww4ec 4 жыл бұрын
Go to Singapore and attend her personal trainings.
@siphowilliam6522 4 жыл бұрын
Sorry but the question is not directed to u but Karen. Am expecting her to be the one responding
@None-ww4ec 4 жыл бұрын
@@siphowilliam6522 lol why would you think Karen would answer you? Are you a big shot client with over $10M in portfolio? If not then you should personally find her and attend her meetings.
@siphowilliam6522 4 жыл бұрын
@@None-ww4ec ja she better be the one telling me that
@hassanmustapha2335 4 жыл бұрын
@@siphowilliam6522 exactly
@sabakhan4465 2 жыл бұрын
hey dear i deposite 100$ acount ? its right way?
@puzurabugajski1878 4 жыл бұрын
We are all here to provide information on forex / binary options trading ... these platforms are risky to trade without in-depth knowledge or professional guidance as we both know. And at the same time the platforms are highly profitable when the necessary guidelines are obtained from experienced traders. I have been trading binary options for a long time and I agree with many of the comments if you get into this blind then you expect to lose your money. But I leave you with my biggest advice .. If you are new to this game or want to start trading, maybe you have been trading for a while but you still don't have good profits .. Don't give up. Take your time to research from each platforms to seek professional guidance. That's how I did it and I became a successful trader today.
@unlocked8487 3 жыл бұрын
Advice me a good broker please , i am dealing with bad brokers robbers
@KarenFoo 3 жыл бұрын
I've made so many videos about this and this is probably the millionth question I get on this. Why cant people just search for things themselves
@sayajijagadale7863 3 жыл бұрын
How much years you arw
@edijanainnoprince8591 4 жыл бұрын
What type of tool do you use?
@edijanainnoprince8591 3 жыл бұрын
@@danielalvins6592 may God help you, have I scam you
@LetagoM 4 жыл бұрын
100k subs 💕
@KarenFoo 4 жыл бұрын
Not yet :)
@lakshminarayanakommi1317 2 жыл бұрын
Hi where are you from
@bikashmahanta505 2 жыл бұрын
hi
@jasisaac7470 4 жыл бұрын
Im scalper. 100 pips is just scalp for me in one trade.
@xKitKatx- 3 жыл бұрын
2% risk is a scam. If you know what to look for you can use $1000 and the 1:500 - 1:1000 leverage the broker gives u. With $1000 I use 2-5 standards. In order to make money in this business u gotta think differently.
@magnifi_cents Жыл бұрын
???? Nah
@rotchaluiz7180 2 жыл бұрын
700euro lot o.30_3€??
@leeroymaseko1842 4 жыл бұрын
Karen 🙏♥️
@rahimali3712 3 жыл бұрын
Kidal rupanya Karen ni 👍
@hassanmustapha2335 4 жыл бұрын
Hello Karen! I need you to be my mentor please! Help me madam!
@rizalmanmustapa 2 жыл бұрын
Floating
@naingoolwin52003 2 жыл бұрын
နားမလည်ဘူး😁😁
@coffeeandsunsets1357 3 жыл бұрын
Last year i have motorcycle then i discover forex trading so i sell my motorcycle to do trading,,now i walk going to work😭😭😭
@KarenFoo 3 жыл бұрын
Dont trade with money you dont have.
@Redpiliando 4 жыл бұрын
te amo
@quocnguyen251 2 ай бұрын
Nice info
@tshephisopheagane4040 4 жыл бұрын
You look beautiful mhhhh
@tshephisopheagane4040 3 жыл бұрын
Polokwane,limpopo, south africa
@ssenyondojoeljesse5939 2 жыл бұрын
I love you Karen
@chidi865 2 жыл бұрын
i saw your tatoo
@KarenFoo 2 жыл бұрын
not real
@chidi865 2 жыл бұрын
Karen I am 18 and I have learn't a lot from you. Thank you
@berkancakar8994 3 жыл бұрын
Sa
@brunofernandes9347 4 жыл бұрын
First
@Boni_Bmx 2 жыл бұрын
❤
@magigegeofrey4507 3 жыл бұрын
1:28???
@mzwenkosifalakhemntungwa1509 3 жыл бұрын
Do you whatsapp?
@carajones9214 3 жыл бұрын
******+>1>5>8>5>3>2>6>1>2>6>1>*****
@dhavid__ Жыл бұрын
Talk to me directly😭❤️🧎🏽♂️
@theeaglestrader3442 3 жыл бұрын
Good job mentor. Please what's your real Instagram account😃🙏
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