OBJECTIVE

In this video, I walk you through how to change your position sizing before executing a trade, both on desktop and mobile. I explain that your position size reflects the amount of risk you're willing to take on a trade, especially in terms of leverage. I demonstrate where to find the position size box and how to adjust it, using a 4x pair as an example. I encourage you to experiment with different position sizes in your paper trading account to better understand your risk. Remember, this is all for educational purposes and not financial advice.

Introduction to Position Sizing 0:00

• Overview of the video topic: changing position sizing before executing a trade.
• Importance of understanding position sizing in relation to risk management.

Understanding Position Size 0:15

• Definition of position size: the amount of risk taken on a trade.
• Explanation of leverage and its impact on funds in a paper trading account.
• Emphasis on using a paper trading account for educational purposes.

Locating the Position Size Box 0:41

• Description of where to find the position size box on desktop and mobile:

• On desktop: located between the blue 'buy long' and red 'sell short' buttons.
• On mobile: same location for convenience.

Changing Position Size on Desktop 0:47

• Demonstration of changing position size on a desktop:

• Example of changing quantity to 0.01 on a 4x pair.
• Visual confirmation of changes in the position size box.

Changing Position Size on Mobile 1:02

• Demonstration of changing position size on mobile:

• Tapping on the position size box to bring up the keypad.
• Ability to experiment with different position sizes.

Importance of Prior Steps 1:36

• Reminder to complete initial steps before executing a trade to ensure the position size box is available.

Conclusion 1:52

• Summary of the video content.
• Encouragement to practice changing position sizes in a paper trading account.