Position Size Calculator
Using the Position Size Calculator
The Forex position size calculator is an important tool that will help you quickly and efficiently work out the required trade size that you need to put on taking into account your trades parameters. The calculator will give you your results in both units and lots and depending on whether you entered in a dollar amount or a percentage it will also tell you how much money or percentage of your account you are going to be risking in the trade.
Required Inputs
Account Currency: This is your account currency that your account is trading in.
Account Size: How much money you have in your trading account.
Risk Ratio or Money: There is a button on the right that you can hit to switch between risking either money or %.
Stop Loss in Pips: This is how big your stop loss is in pips.
Currency Pair: The currency pair you are trading.
Currency Price: This option won’t always show up, but when it does make sure that you enter the price that the calculator asks for and NOT the price of the pair you are trading.
RESULTS:
Money or Risk Ratio %: This is either how much money or what percent of your account you are risking.
Units: This is how many units you need to enter your new trade to keep in-line with the amount you put into the calculator inputs.
Lots: This is how many lots you need to enter your new trade to keep in-line with the amount you put into the calculator inputs.
Make sure to always double check results and reference the.
I explain more in-depth about money management in the trading article here Forex Money Management That Actually Works how a position size calculator works and why it is so important in EVERY trading strategy!
Safe trading,
Johnathon
How does it consider the leverage?
Hi Jonathan,
Do you have free software on this?
Would love to try…
Jethro
hello sir, how to get many trade in same time with 2% risk per trade
Hi Filip,
I go into depth how to never risk too much with multiple markets / regions here; https://www.forexschoolonline.com//trade-2-3-forex-pairs-without-risking-account-video/
Any questions on this let me know,
Johnathon
great points altogether, you just won a brand new reader.
What could you recommend about your put up that you simply made a
few days ago? Any certain?
Hi John,
Do you have a position size calculator for metals, indices, and oil?
Hi Mike,
a CFD/futures calculator is something I will definitely be having built over the next few weeks/months for the site, but at this stage we don’t have anything like this calculator for those products.
Keep an eye out.
Johnathon
Hi Johnathon,
thank you for this good artikel. I love all your posts.
For my money management I use a position size indicator in mt4, where I can simply adjust the entry and the stop loss (like a trend line) and it automatically shows me the lot size, I have to trade. No manual calculation needed.
Best Regards from Germany
Martin
Hello Martin,
yes that is a handy indicator and funny you should mention it because I am half way through an article that will be published on here in a few weeks times on it so traders can then use both manual or through their MT4/MT5 indicator.
Thanks for your comment,
Johnathon