Hi everyone. I found a little website that may be of use for many of you. It helps you calculate your possible position size based on what percentage of your account you want to risk. Say for example you have a $2000 account and you want to risk 2% of it. Then let’s say your stop loss on a hypothetical EUR/USD position is 200 pips. Now all you need to do is input all the variables in the proper text fields, press calculate, and badaboom-badabing – the result is that you should trade with max 2 microlots which will give you a total “dollars at risk” value of $40.
Without further ado here is the website I’m referring to:
Hope you find it useful. Good luck with your trading!
Cheers,
hey its a very nice calculators, thanks for this. do you have some more like this? It will be great if you post another.
yeah there are tons of them out there on the net..I’ll post some more in the next few days or so..
I am extremely impressed together with your writing abilities and also with the format on your blog.
Is that this a paid subject or did you modify it your self?
Either way stay up the nice quality writing, it is uncommon
to look a great blog like this one nowadays.
.
Nope, not a paid subject. I found that site a while back and found it useful so I thought I’d share it with my readers.
Thanks for the compliments by the way, and thanks for visiting. Hope you come back here once in a while.
Cheers
Alan