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Old 01-01-2005, 21:59   #5
autofx
Grrrrrraillll???
 
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jtb790,

That's for you to decide. How much do you need to live your
desired lifestyle?

Here's a spreadsheet that might help you.

You can edit all the yellow fields.

As an example from the spreadsheet, let's say you use 30-pip
stops, and don't like to risk more than 2% of your account on
each trade. You know from experience you can average 200 pips
of profit per month. You want to make around $12K per month
to cover your lifestyle.

This means you need a trading account of around $96K, and will
have to be comfortable trading 640K lot sizes.

If you assume something other than a dollar per pip because
of the currency pair(s) you trade, or you want to express lot
size in something other than $1k units, you can unlock the
spreadsheet protection and change the cell forumulas.
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