New Starter

[samwood56 0]

Hi Everyone,

I have just joined the IG platform with a demo account  as well as signing up for a daily Forex signal alerts. I would like help with calculating STOP DISTANCE and LIMIT DISTANCE values. Any help will be greatly appreciated. Thanks

[Clarkone 0]

The most sensible advice I’ve taken on is to always look for between a 1:2-1:3 risk/reward ratio. This helps to cover your loses and that if you can close out on the full limit distance you’ve set you will profit even if you lose more trades than you win. (Also new starter, also on demo)

[Guest Darren]

Hi Sam,

Likewise, just opened my IG account/demo mode but have decided to also get some training from someone to help me along the way.

With regards to risk/reward ratio of 1:1 or 1:2, I'd suggest no more risk than 1 - 2% of your account size so on your current 10K demo account risk no more than £100 - £200 per trade.

Hope this helps

Darren

[DazzaJ 0]

Hi Sam,

Likewise, just opened my IG account/demo mode but have decided to also get some training from someone to help me along the way.

With regards to risk/reward ratio of 1:1 or 1:2, I'd suggest no more risk than 1 - 2% of your account size so on your current 10K demo account risk no more than £100 - £200 per trade.

Hope this helps

Darren