Tried to watch this once and closed my computer out of frustration. Came back the next day, changed the speed to 0.75 and its become the most helpful video I've seen in months. THANK YOU!!! This information is so hard to track down.
This by far is the best video I have seen on risk management with entering a trade on the right lot size. No more pip calculators that don't really work. Thanks.
Hi Matt, at approx 03:40 you go from dollar per pip ($1000 over 20 pips) then the answer is $50 per point. How did you get from pip to point? Isn't there a 1:10 relationship between pip and point?
Next video suggestion: - your plan for trading, e.g. what FTMO account size are you aiming for, do you put profits in a separate trading account, do you have multiple prop firm trading accounts, if so how would you trade them i.e. hedging vs parallel trades... Thanks, it's very rare to find a helpful channel 😃
Hey Matt great video. I just don't understand where the '10' is coming from. 1 lot size is equal to 100,000 units, or is the 10 referring to something else?
How is 10 equivalent to 1 standard lot? That's where i have some misunderstanding. My broker offers a contract size of 50 for US500 indices, how do i integrate this to my calculation? Timestamp reference 4:24
It is easier to figure out like in your example divide $1000 by 20 pips, instead divide $1000 by 200 ticks then you get your # of lots without more math.. Just my 2 cents
Hey how does leverage play a part in this? Does leverage not matter with indices? Asking because this worked with my 1:100 leverage account now i have a 1:200 & dont know if this will change.
Leverage will affect your deposit requirement, not the stand alone process of calculating lot size. But depending on the size of capital you may be limited with what % you can risk, due to lack of leverage
Great video! Could you please do a video on indices with regards to spreads, commissions and swaps with FTMO? I'm trying to get my head around it but there's not much information out there on the costs of trading indices. Keep up the great work buddy!
what do contract sizes have to do with all this. I notice on the ftmo account US30 contract size is 10, so when i use a 0.50 lot size theirs not that much increase in profit.
Awesome video I have a question I'm still a newbie but what I learnt so far is that standard lot is 100 000 units why are you using 10 as a standard lot size here. Are the lot sizes different for FX and indices. Can you please explain I'm eager to learn keep up the great content
Hi Matt. Great vid but my maths is terrible. I'm on an FTMO demo account where I lot size for the Dow is 5500 euros. So 5 lots would be a whopping 27500 euros and I think 20 pip stop loss would get wiped within seconds. I must admit this is something I have a hard time getting me head around :)))
How come u put 0.01 lot size in MT4 for US30 pair because I can only see 0.1 lot size is the minimum size lot. Can u please tell is it because I am using MT4 not MT5 or anything else different
Matt when trading US30 on FTMO do you always need to adjust for the difference or does it sometimes align? I only noticed the difference this morning as been trading US30 on my funded acount for a week or so but looking at my trade last week it appears the prices were aligned. Does this change by day? All the best!
Yeah if you mean in reference to the discrepancy between price, for lot sizing it's not as vital but for entries etc. Then I tend to match the candles/candle price action when placing limits etc. As sometimes the price gap can vary day on day as you say
working on demo account....I can only enter units(not points or lots) and it also doesn't let me enter decimals so really lost on how to enter a trade for US30....??
Very nice video, just one question: others say that if the contract size is 1 we don't need to divide by 10, we need to divide by 10 if the contract size is 10, so who's right? 😅
This video became my first time where I had to put the video in slow motion to understand, Dude you have to breathe between words you talk faster than anyone in speed X2
It’s amazing how many of you complain 😂 Can easily watch a video a few times, or use the handy feature where you can speed up or slow down audio on videos. If you complain this much about the rate this mans speaks I can only imagine how you all will react when you have a bad losing streak. Or worse blow your accounts 😂
Bro made a Math Mystery out of calculating Lotsize for Indicies. I am Trading 2 Years Successfully and i still have no Idea how to Calculate Lotsize on a US100 Chart. I am going to loose my Shit
Yeah I've slowed down in recent videos - it's a problem I needed to sort. The speed function can be handy on youtube to play at 0.75x, it's a less hectic on that setting
You're absolutely right - this was an older video where my cadence was too quick. Indeed, 4k me. Hope you found the info you were looking for elsewhere though! Wishing you all the best for 2024 💪
@@veliem3935 Hi, how do you determine your own stop loss? It is easy to decide how much you want to risk, but how do you determine how much you want your stop loss to be?
Thanks for letting me know. Sorry to have wasted your time. There is speed switch on UA-cam where you can put it to 0.75x or 0.5x speed for anything you may watch in the future elsewhere that is quite fast too.
Yeah you're right - I've tried to slow down in more recent videos. But aside from the speed, it's a shame you felt it was terrible content. Which parts did you think were particularly terrible?
Whoa brother please cancel my subscription. It's bad enough I have to take this high speed mouth action from americans. I don't want any more of it. You need to slow done. Let me know when you've done that and I' reconsider.
can i make a suggestion? im not trying to be mean or anything but we dont need to be reminded to follow you on instagram and subscribe to you every 2 mins. like i said not trying to tell you how to run your page just a new viewer and its kinda getting a little annoying
If you're struggling to keep up change the speed to 0.75
Thank bro
🙏
Tell me about it. Playback speed such a blessing. Damn
THANKS BRO
Made all the difference, thanks brotha
Tried to watch this once and closed my computer out of frustration. Came back the next day, changed the speed to 0.75 and its become the most helpful video I've seen in months. THANK YOU!!! This information is so hard to track down.
Ah nice. Yeah sorry these earlier videos I speak may too fast. Glad you got something from pegging it back a bit though man!
This by far is the best video I have seen on risk management with entering a trade on the right lot size. No more pip calculators that don't really work. Thanks.
Glad it was helpful!
your consistency is going to make you one of the greatest trading channels on UA-cam right now man!! Keep it up.
Thanks man 🙏 really appreciate it. Let's see!
This didn't age well
@@forceofchaos1 LMAOOOO this guy fell off so bad
Watched this on 1.5x speed, and found it helpful. Thanks.
Glad it was useful! 💪🏻
what a coincidence I was actually trying to calculate my XAUUSD lots sizes right before this video was posted. Perfect timing lol 😆, Thanks pal
🙏🙏
Hi Matt, at approx 03:40 you go from dollar per pip ($1000 over 20 pips) then the answer is $50 per point. How did you get from pip to point? Isn't there a 1:10 relationship between pip and point?
Great vid Matt, best explanation that i have seen with the lot sizes.
People really criticizing on your speech pace damn y’all get a life or get a faster brain fr the man is giving out free Info 🔥
😂😂 Appreciate this 🙏
I think this is the fastest subscription I've ever made.
Appreciate this!
Meep meep road runner lol. Great video as always
🤣🤣
Next video suggestion:
- your plan for trading, e.g. what FTMO account size are you aiming for, do you put profits in a separate trading account, do you have multiple prop firm trading accounts, if so how would you trade them i.e. hedging vs parallel trades...
Thanks, it's very rare to find a helpful channel 😃
Great shout - am working on a couple of these bits but will definitely add the rest. Thank you for the support - really appreciated 🙏
Hey Matt great video.
I just don't understand where the '10' is coming from. 1 lot size is equal to 100,000 units, or is the 10 referring to something else?
I think he could maybe be referring to the contract size of the indice?
How is 10 equivalent to 1 standard lot? That's where i have some misunderstanding. My broker offers a contract size of 50 for US500 indices, how do i integrate this to my calculation? Timestamp reference 4:24
It is easier to figure out like in your example divide $1000 by 20 pips, instead divide $1000 by 200 ticks then you get your # of lots without more math.. Just my 2 cents
Nice - cheers!
Thank you sooo much!! What's your cash app?
Thanks dude this is the only thing that stopped me from trading them lol
Haha - nice! 👊🏻
This helped me a lot. Very straight and to the point. Thank you Matt.
Thank you! Glad you got something from it
undices eg us30 move in points not pips,, throw some light on tht,, conversation of points to pips thnks
Hey how does leverage play a part in this? Does leverage not matter with indices? Asking because this worked with my 1:100 leverage account now i have a 1:200 & dont know if this will change.
Leverage will affect your deposit requirement, not the stand alone process of calculating lot size. But depending on the size of capital you may be limited with what % you can risk, due to lack of leverage
How do you find out/see where your broker quotes the decimalisation??? On met4
If you go onto the symbol on MT4 you can look at symbol properties and it'll tell you the contract sizes
Great video! Could you please do a video on indices with regards to spreads, commissions and swaps with FTMO? I'm trying to get my head around it but there's not much information out there on the costs of trading indices. Keep up the great work buddy!
thanks man - yep I'll add it to the list
Best comment. Looking forward to it
what do contract sizes have to do with all this. I notice on the ftmo account US30 contract size is 10, so when i use a 0.50 lot size theirs not that much increase in profit.
this comment just saved me so much money..
As much as I love your content, I'm addicted to the song on the background. And lastly thank you so much for sharing this info to us 🙏🙏🙏
Thanks a lot 🙏 yeah a friend of mine actually made it for me! A hobby of his
How to calculate lot size on nas on hankotrade?
NAS process would be the same as US30
On hankotrade Nas contract size is 10 . So do I still divide my lot size by 10 ?
so in dollars is 5.00 lot size correct
Awesome video I have a question I'm still a newbie but what I learnt so far is that standard lot is 100 000 units why are you using 10 as a standard lot size here. Are the lot sizes different for FX and indices. Can you please explain I'm eager to learn keep up the great content
Yes they are different
at the speed he speaks he is definitely a day trader!
🤣🤣
Super scalper
Hi Matt. Great vid but my maths is terrible. I'm on an FTMO demo account where I lot size for the Dow is 5500 euros. So 5 lots would be a whopping 27500 euros and I think 20 pip stop loss would get wiped within seconds. I must admit this is something I have a hard time getting me head around :)))
Thanks Matt... Very Informative... i appreciate bro
Glad it was helpful!
How come u put 0.01 lot size in MT4 for US30 pair because I can only see 0.1 lot size is the minimum size lot. Can u please tell is it because I am using MT4 not MT5 or anything else different
Thank you so much for this! I was missing the conversion of base currency. Much thanks
Glad you got something from it!
Matt when trading US30 on FTMO do you always need to adjust for the difference or does it sometimes align? I only noticed the difference this morning as been trading US30 on my funded acount for a week or so but looking at my trade last week it appears the prices were aligned. Does this change by day? All the best!
i use currencycom on tradingview for us30
Yeah if you mean in reference to the discrepancy between price, for lot sizing it's not as vital but for entries etc. Then I tend to match the candles/candle price action when placing limits etc. As sometimes the price gap can vary day on day as you say
@@MatttoMillion all good been trading it fine as per your video :)
working on demo account....I can only enter units(not points or lots) and it also doesn't let me enter decimals so really lost on how to enter a trade for US30....??
Very nice video, just one question: others say that if the contract size is 1 we don't need to divide by 10, we need to divide by 10 if the contract size is 10, so who's right? 😅
Great video
Thank you sir 👊🏻
position size for silver XAG
I don't trade it unfortunately
that is it!! Closed!!!!
Thanks bro. That’s a good one.
Glad you got something from it 🙏
Keep it coming. Anything Gold related would be great.
Cool, will do 👍
very informative, thank you
Glad it was helpful!
This video became my first time where I had to put the video in slow motion to understand,
Dude you have to breathe between words you talk faster than anyone in speed X2
If my stop loss on average on Nasdaq is 200. That would mean I need to use 0.5 lot on a 100K account to risk 1%?
5 months late but around there yes give or take.
thanks i got,, pips is the same as points to u
Bro please do for my forex fund too thanks
Can I trade us30 with a $500 account?
Yes, though I'd say you'd need an account with 1:500 leverage
It’s amazing how many of you complain 😂
Can easily watch a video a few times, or use the handy feature where you can speed up or slow down audio on videos.
If you complain this much about the rate this mans speaks I can only imagine how you all will react when you have a bad losing streak. Or worse blow your accounts 😂
😂 this one made my day!
i still dont understand please please elaborate please im really struggling to get it
Bruh, if you talked any faster I would think I was watching a Micro Machines commercial from the '80's
Info was very helpful though.
😂😂
This is confusing. You said it was a $5 lot size, but you showed a $50 lot size
Bro made a Math Mystery out of calculating Lotsize for Indicies. I am Trading 2 Years Successfully and i still have no Idea how to Calculate Lotsize on a US100 Chart. I am going to loose my Shit
You're a god amongst men 🙏🏻
Thank you so Much Matt really really needed this :)
Glad it was helpful!
I think you should speak faster to make sure that not even a single person understand what you are saying
😂 It's horrible - I know. I slowed down as the videos went on over the past few years - promise 😉
You're a rapper 😂
As an alter ego 🤣
DAX on
a usd account
You'll just use EUR/USD conversion to work out the middle bit for that
You speak too fast. Hard to really grasp most your information you put out there
Yeah I've slowed down in recent videos - it's a problem I needed to sort. The speed function can be handy on youtube to play at 0.75x, it's a less hectic on that setting
Holy Crap...You may want to cut back on the coffee/tea juuuuuuuuust a tad bit! :)
🤣🤣🤣
you forgot that brokers have different contract sizes.
I simply cannot understand what you are saying at that speed.
Sorry to hear that René. There is a speed function on UA-cam where you can reduce speed to 0.75x or 0.5x but appreciate it's not ideal
Do you have hot yam inside your mouth? Talk too fast i can barely hear
I hope that's not a euphemism 🤣
Make some video scalp trading..
Great content but you have to slow down!!
Thank you! I know - it's a bad habit 😞
could you please talk faster?
😂😂
Talks too fast 😮
That I do 😢
I watched this in 2x speed and honestly, I don't get it.
Sorry to hear that Guy 😢
@@MatttoMillion Hahaha, cheers mate! Jokes aside, I learnt how to properly calculate my lot sizes thanks to you 🙏
Talking too fast to even understand
Yeah, have tried to peg it right back as I've created more. Not a natural video creator - that's for sure!
Fast and the furious
4k you.u speak fast we don’t understand what you are saying
You're absolutely right - this was an older video where my cadence was too quick. Indeed, 4k me. Hope you found the info you were looking for elsewhere though! Wishing you all the best for 2024 💪
you didnt say how you worked it out to be a 20 pip stop loss
I stand under correction, but I think he said you determine your own SL according to the trade.
@@veliem3935 thank you
@@mirandasworld u welcome
@@veliem3935 Hi, how do you determine your own stop loss? It is easy to decide how much you want to risk, but how do you determine how much you want your stop loss to be?
@@leeshanpillay1253 stop loss should be only 50-100 points
You talk too fast, slow down man
Yeah wish there was a way to slow my old videos down
slowdown sassy pants why so much hurry? 😂
Places to be 😂
Bro slowwwwww downnnnn 😂
Too fast
Apologies for that - unintentional. Have tried to peg it back in the later videos!
Can you make a video on how to calculate lot size for commodities
Damn
🙏🙏
your talking too fast ...wasting my time
Thanks for letting me know. Sorry to have wasted your time. There is speed switch on UA-cam where you can put it to 0.75x or 0.5x speed for anything you may watch in the future elsewhere that is quite fast too.
Bro how fast do you talk 😂😂😂😂
Too fast 😂
You need more coffee!
🤣🤣🤣
This is too much
Thanks for sharing
You talk too fast!
I do - blame my mother!
@matt to million .pls send me one laptop .
Too fast, lol
My bad
50 Cent once said: "They say I talk a lil' fast, but if you listen a lil' faster
I ain't gotta slow down for you to catch up."
terrible video..talking wayy too fast
Yeah you're right - I've tried to slow down in more recent videos. But aside from the speed, it's a shame you felt it was terrible content. Which parts did you think were particularly terrible?
@@MatttoMillion I"m sorry , the content is fine , the problem is that you just talk very very fast, cheers
Whoa brother please cancel my subscription. It's bad enough I have to take this high speed mouth action from americans. I don't want any more of it. You need to slow done. Let me know when you've done that and I' reconsider.
You talk to fast, slow it down man
Noted
Thx for the explanation Matt...well done ! Cheers
Thank you!
can i make a suggestion? im not trying to be mean or anything but we dont need to be reminded to follow you on instagram and subscribe to you every 2 mins. like i said not trying to tell you how to run your page just a new viewer and its kinda getting a little annoying
I agree with you. These were made quite some time ago and the whole video thing is new to me. Have definitely eased up on the later videos