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Trading with Training Wheels

JRosser

New member
Greetings everyone! I purchased Galileo FX and started with just $100 to trade. My goal is to see how far I can make this small sum grow. My trouble so far, is that I think the settings I am seeing are for a much higher trading amount. Should I change the settings to accomodate the low funds or wait and see? Thank you all for your time and advice!:)

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Try it first with a demo account. I haven't figured this stuff out either although I have several demo accounts with different brokers. The only thing I've tried fiddling with is the Lots, which are given as 0 but can be changed from .01 to 1. How this exactly relates to the amount in the account I still don't understand. Sometimes I get a message in the Toolbox of the MT5 platform that says "No money." If that means "not enough money in the account to made the trade," I am still puzzled because 10,000 dollars in the account should be enough to make any trade.
 
Try it first with a demo account. I haven't figured this stuff out either although I have several demo accounts with different brokers. The only thing I've tried fiddling with is the Lots, which are given as 0 but can be changed from .01 to 1. How this exactly relates to the amount in the account I still don't understand. Sometimes I get a message in the Toolbox of the MT5 platform that says "No money." If that means "not enough money in the account to made the trade," I am still puzzled because 10,000 dollars in the account should be enough to make any trade.
The lots on our Performance Page our set at 0 because they are using dynamic lots.

Dynamic lots, also known as "dynamic lot size," is a feature in trading where the size of the position (the number of units you buy or sell) is automatically adjusted based on your account balance or risk tolerance. In the context of Galileo FX, dynamic lots are calculated based on the percentage of your account balance that you are willing to risk on a particular trade.

When you set your lot size to "0" in the system, Galileo FX calculates the appropriate lot size dynamically, depending on your risk percentage and your account balance. This means that as your account balance grows, the lot size automatically increases, allowing for more significant positions and potentially higher profits. Conversely, if your account balance decreases, the lot size adjusts downward to limit further risk. This method ensures that your risk remains proportional to your account size, making it an essential tool for risk management.

Customers must consider the risk they are willing to take per trade and adjust accordingly.
 
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