Forex and futures size positions differently. Forex lets you trade fractions of a lot, starting at 0.01. Futures trade in whole contracts only. Start with the smallest size in your paper trading account and get to know the pairs or contracts you plan to trade.
Position Sizing in Forex 0:00
- Forex allows decimals. The minimum is 0.01.
- Scale up from there within your broker’s limits and your account balance.
- Start at 0.01 in a paper trading account.
Experimenting with Forex Position Sizes 0:38
- Increase gradually (0.02, 0.03) and watch how the risk changes against your balance.
Position Sizing in Futures 0:54
- Futures trade in whole numbers only. No decimals.
Understanding Futures Contracts 1:09
- NQM is the mini contract, MNQ the micro. The mini carries more leverage per contract.