HOW TO OPEN A FOREX TRADE AND CALCULATE POSITION SIZE (FOR BEGINNERS)

This is a lesson for beginner traders about how to open a trade in Metatrader (MT4 or MT5) and how to calculate the correct trade position size to control your risk levels appropriately. ================ JOIN US TO LEARN TO TRADE FOR FREE: http://bit.ly/DuomoInnerCircle ================ SUBSCRIBE FOR MORE TRADING VIDEOS: http://bit.ly/DuomoYouTube ================ GET OUR FULL ONLINE COURSE: http://bit.ly/DuomoCourse ================ SOCIAL LINKS: Website: http://www.duomoinitiative.com Facebook: http://www.facebook.com/duomoinitiative Twitter: http://twitter.com/duomoinitiative Nicholas Twitter: http://twitter.com/nikipuri Instagram: http://instagram.com/duomoinitiative Email: contactduomo@duomoinitiative.com

Comments

1. You really need to make more of this stuff straight to the point no bullshit well explained for everyone even for the most retarded.
   
   Stuff like this is great, actual well explained and concrete :D
2. 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
3. great video. thanks for your time. ;)
4. 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?
5. Awesome Nicholas nice video!
6. How do I actually take my profit - is it by closing the trade?
7. Hi
   
   How would you find the current rate exchange of a currency.
8. 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.
9. Got this from the free course (trade size calculation), but wow do I wish I'd known earlier ! transformed my trading.
   
   Though I am far to lazy to calculate it myself so I've been using this calculator
   
   http://www.myfxbook.com/forex-calculators/position-size
10. 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 😁👑
11. regards from Turkey , your video was so helpful
12. Thank you It's was very helpful as you usual . I can't wait to watch more of your upcoming videos.
13. Thank you this was very helpful :)
14. 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!
15. How do you know how much a pip is worth e.g 1 pip = $10
    
    Just signed up for the full course....cant wait
16. 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.
17. Dont even trade yet i'm watching you but dont regret it ether have a great day