This is a Forex Position Size Calculator also known as a Risk Calculator. It is one of the most important and first step to having good risk management. Risk Calculators quickly calculate recommended lot sizes, currency units risk percentage and stop losses.
How big or small should your trading position be? This tool helps you to decide what amount of money you use to trade and also to know the maximum amount you would be risking.
First, choose your local currency then enter the amount balance in your broker account. Next, the percentage/amount of your account you wish to risk, your set Stop Loss and finally, the currency pair you intend to trade. After, confirm by clicking the Calculate button the forex calculator will do it’s job. The Setupps™ Trading position size calculator will display the risk amount, position and lot sizes below based on the information you provided.