Best Forex Trading Signals
Forex Lot Size Calculator
Use our free forex calculators for risk management and money management calculations. This risk management calculator will help you determine your position calculation.
How to use:
- Enter your Account Balance.
- Enter the percentage of risk for your account balance. Remember, the greater percentage at risk, the bigger loss you will take if the trade goes bad. Typically, most traders only risk 2-5% on any one trade. Some traders may risk up to 10% per trade, but more than 10% can be devistating to your account if the trade turns a loss.
- Enter the stop loss as a total number of pips. For example, if the trade entry is 1.5100 and the stop loss is 1.5000, the Stop Loss in Pips = 100.
- Select the currency pair in the trade. The calculator will pull all required data regarding that pair from current market data.
- Click Calculate.
What the Results mean
Amount at Risk = Dollar value that you have at risk. 500 = $500 at risk for the trade.
Lot Size = This is the size of the lot you should enter in your trade based on a standard lot contract. If you are trading a mini lot contract, multiply that number by 10. If you are trading a micro lot contract, multiply that number by 100.
Units for Standard Lots = This is the total number of units the trade will contain based on a Standard contract size. You can obtain lot size from the Units number by dividing the Units by 100,000.
Units for Mini Lots = This is the total number of units the trade will contain based on a Mini contract size. You can obtain lot size from the Units number by dividing the Units by 10,000.
Units for Micro Lots = This is the total number of units the trade will contain based on a Micro contract size. You can obtain lot size from the Units number by dividing the Units by 1,000.
