Risk management is the most important aspect of your trading strategy. As a forex trader, you have to understand that losing is part of the process. However, your losses should not break you. This is why choosing the correct lot size for your trade is so crucial.
Use the position size calculator to determine a proper lot size for your trade, based on your risk management plan. Simply enter your risk percentage, your stop loss in pips, adjust the currency and currency pair, and calculate your position size!
shares how you can use this free position size calculator to find the right lot size for your trades!