Position Size Calculator
One of the most important tools in a trader's bag is "risk management." Proper position sizing is key to managing risk and to avoid blowing out your account on a single trade. With a few simple inputs, our position size calculator will help you find the approximate amount of currency units to buy or sell to control your maximum risk per position.
To use the position size calculator, enter in the currency pair you are trading, your account size, and the percentage of your account you wish to risk. Our position sizing calculator will suggest position sizes based on the information you inputted and various degrees of how far a trade may go against you.
If you are trading a currency pair with a US Dollar component, then the Position Size calculator can ask for your own custom pip stop level and calculate your position size based on the size of your stop.