How to Use the Position Size Calculator

This guide explains how to use the Position Size Calculator and what each option does.

• Account Balance: Enter the total amount of money in your trading account. This is the starting point for calculating your position size.
• Account Currency: Select the currency your account is denominated in. This affects the calculation as different currencies have different values.
• Risk Type: Choose between risk percentage and risk amount:
  • Risk Percentage: This is the percentage of your account balance that you are willing to risk on a single trade.
  • Risk Amount: This is the specific amount of money you are willing to risk on a single trade.
• Risk Percentage / Risk Amount: Based on your selection in the Risk Type, enter either the risk percentage or the risk amount.
• Currency Pair: Select the currency pair you are trading. This is important as different pairs have different pip values.
• Stop-loss Type: Choose between stop-loss in pips or stop-loss price. Stop-loss in pips refers to setting the stop-loss level based on the number of pips away from your entry price, and stop-loss price calculates pips using open-price and stop-loss level.
• Open Price: Enter the price at which you intend to open the trade.
• Stop Loss Price: Enter the price at which you will exit the trade to prevent further losses. This is your stop loss level.
• Calculate Button: Click this button to calculate your position size based on the inputs you provided.

The result will be displayed below the calculator form, showing the optimal position size for your trade.