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Forex Position Sizing - What is a "Large" Position?
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Forex Position Sizing - What is a "Large" Position?

  #1 (permalink)
Los Angeles + California/United States
 
 
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Forex Position Sizing - What is a "Large" Position?

What would you consider a "large" quantity for a retail Forex trader?

For example, I would consider "large" to be the point where you are only getting partial fills on your orders because of your size rather than because of market conditions such as low volume. Another way to pose this question would be to ask "What is a median position size in retail Forex?" That would give me a good idea of where I should be in terms of position sizing.

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  #3 (permalink)
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I'd think that amount of capital and risk tolerance determines position size.

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There is no volume measure tool in Forex...
Means an individual, a bank, a country can not have the power to influence most
important currency pairs - so stay away of thinking to see "where the market goes".
A sudden intervention of FED or ECB or Chinese / Japanese Central bank might get
you in trouble - as such interventions are not always to foresee.

Just a thought: better to stay with stocks and futures
GFIs1

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  #5 (permalink)
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Pariah Carey View Post
I'd think that amount of capital and risk tolerance determines position size.

That is not what I'm asking. I am asking at what point would you be concerned that your orders will become partially filled strictly due to size. That is independent of your risk tolerance.

For example, I think it's safe to say that if you're trading micro or mini lots, youre probably not going to have issues getting filled. However if you are putting out an order for 100 Lots, you can expect to experience partial fills until your order is consumed (if ever fully consumed). Does that make sense?

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GFIs1 View Post
There is no volume measure tool in Forex...
Means an individual, a bank, a country can not have the power to influence most
important currency pairs - so stay away of thinking to see "where the market goes".
A sudden intervention of FED or ECB or Chinese / Japanese Central bank might get
you in trouble - as such interventions are not always to foresee.

Just a thought: better to stay with stocks and futures
GFIs1

I see. Good information. Maybe you can see that I am coming from the stock world (:
Here is a read on Forex volume in case anyone else finds it useful.
https://www.dailyforex.com/forex-articles/2012/02/using-volume-to-win-75-of-trades/10825

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  #7 (permalink)
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If your asking what size you can drop without issues with fills then have a look at dukascopy or another ecn and view their order book. It will depend on the market, something like eu could probably take 300 lots whereas nzd/cad might be more like 100. Obv conditions will vary.

If your a retail trader on a non ecn broker they will limit your size.


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  #8 (permalink)
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rassi View Post
If your asking what size you can drop without issues with fills then have a look at dukascopy or another ecn and view their order book. It will depend on the market, something like eu could probably take 300 lots whereas nzd/cad might be more like 100. Obv conditions will vary.

If your a retail trader on a non ecn broker they will limit your size.


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That helps! I moving up from single Lots to the 10-30 Lots range for my risk tolerance, so was trying to gain some insight about what to expect before learning the hard way. I use Gain Capital which is a market maker. Not sure if I will go with an ECN. I haven't looked into switching yet.

As a side question, what are your thoughts on ECN vs Market Maker?

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the congo
 
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jflaggs View Post
That helps! I moving up from single Lots to the 10-30 Lots range for my risk tolerance, so was trying to gain some insight about what to expect before learning the hard way. I use Gain Capital which is a market maker. Not sure if I will go with an ECN. I haven't looked into switching yet.



As a side question, what are your thoughts on ECN vs Market Maker?



Go with an ecn. Otherwise your open to all sorts of bs. Have a look at lmax. Can be used with NT via an add on.


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  #10 (permalink)
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rassi View Post
Go with an ecn. Otherwise your open to all sorts of bs. Have a look at lmax. Can be used with NT via an add on.


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I looked into LMAX. Looks great, but unfortunately not available to US residents

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