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Position Size Calculator
Position size calculator free Forex tool that
lets you to calculate the size of the position in units and lots to
accurately manage your risks. It works with all major currency pairs and
crosses. It requires the minimum input values, but allows you to tune
it finely to your specific needs. All you need
to do is to fill the form below and press the "Calculate"
button:
Calculating the amount you can risk is very important if you
carefully follow money management strategy. I advice using it every
time you manually open a new Forex position. It will take
a minute of your time, but it will also save you from losing
money you dont want to lose. Position size calculation is also
a first step to the organized Forex trading, which in its turn
is definite property of the professional Forex trader.
Importance of the thorough position size calculation is stressed out in many
influent Forex books. Sizing a position should be done in line with setting the
right stop-loss and take-profit levels. And its hard to lose all the accounts
money if you manage risk and position size every time you enter the Forex
market.
You might also find our pip value
calculator useful. It can help you to find the value of the pip for
different currency pairs and for the nonstandard account currencies.
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