To sustain a long position what lot size do you need?

[jcojci]

Maybe that is ideal or not, depend on each person. You can say 0.01 is ideal but other people will not enough and we have different initial to start trading.

But I am not yet try trading FX and only knows crypto exchanges and I don't use 10% from my total balance to trade. You will choose any percentage or lot size which you feels comfort and don't use other people set up because the risk will be different. The matter is you trade with only the money you can afford, that is the basic.

[EarnOnVictor]

Is 0.01 ideal enough?

You can't rely on your trading risk without considering the size of the account you are taking the risk on, which is the capital. In any standard trading settings, 0.01 lot size is the least risk you can take, yet, trading it on assets like Gold would eat your $300 with that lot size in just a day, in some cases. But many assets like Bitcoin and other FX currencies would accommodate it longer.

Therefore, calculate your risk based on: 1. Your capital, 2. Management you can afford (to set the lot size), and 3. The asset in question (volatility).

[Perfectbaby]

Is 0.01 ideal enough?

You can't rely on your trading risk without considering the size of the account you are taking the risk on, which is the capital. In any standard trading settings, 0.01 lot size is the least risk you can take, yet, trading it on assets like Gold would eat your $300 with that lot size in just a day, in some cases. But many assets like Bitcoin and other FX currencies would accommodate it longer.

Therefore, calculate your risk based on: 1. Your capital, 2. Management you can afford (to set the lot size), and 3. The asset in question (volatility).

Whom ever that goes to trade cryptocurrencies should know that they are getting themselves engaged with a volatile assets.
Then should know that they must be prepared about the risk that is associated with digital currencies, and also accepts to use the money they can afford to lose while trading on any broker or exchanges.
You are right, and of course most have these three characteristics you made mentioned, before or can be able to follow up the market gradually and also know the lotsize to you.

[EarnOnVictor]

Is 0.01 ideal enough?

You can't rely on your trading risk without considering the size of the account you are taking the risk on, which is the capital. In any standard trading settings, 0.01 lot size is the least risk you can take, yet, trading it on assets like Gold would eat your $300 with that lot size in just a day, in some cases. But many assets like Bitcoin and other FX currencies would accommodate it longer.

Therefore, calculate your risk based on: 1. Your capital, 2. Management you can afford (to set the lot size), and 3. The asset in question (volatility).

Whom ever that goes to trade cryptocurrencies should know that they are getting themselves engaged with a volatile assets.

Let's get something straight. Since you mentioned "lot size," I believe you are talking about the traditional way of brokers, and not the exchanges new way. If at all you want to relate it to the exchanges way, that will be in the way of TradeFi, which is identical to the traditional broker way. If this is true, then crypto shouldn't be your headache, but Metals (Gold), Indices, Oil, etc.. They are more volatile.

[Perfectbaby]

Is 0.01 ideal enough?

You can't rely on your trading risk without considering the size of the account you are taking the risk on, which is the capital. In any standard trading settings, 0.01 lot size is the least risk you can take, yet, trading it on assets like Gold would eat your $300 with that lot size in just a day, in some cases. But many assets like Bitcoin and other FX currencies would accommodate it longer.

Therefore, calculate your risk based on: 1. Your capital, 2. Management you can afford (to set the lot size), and 3. The asset in question (volatility).

Whom ever that goes to trade cryptocurrencies should know that they are getting themselves engaged with a volatile assets.

Let's get something straight. Since you mentioned "lot size," I believe you are talking about the traditional way of brokers, and not the exchanges new way. If at all you want to relate it to the exchanges way, that will be in the way of TradeFi, which is identical to the traditional broker way. If this is true, then crypto shouldn't be your headache, but Metals (Gold), Indices, Oil, etc.. They are more volatile.

Yes exactly and i am beginning to sense that most of those who are trading on forex are now beginning to focused on crypto currency trading since they have already had the knowledge about what trading is all about.
With little efforts it becomes that easier for them to understand how the crypto market reacts over the time. In fact, crypto currency is more easier to understand how their movement is and because there are two season in the crypto currency when you understand the both correctly then it would help to scale through the crypto space.