The importance of a thorough position size calculation process is stressed out in many influential Forex books. Otherwise you might find it difficult to use the calculated value in actual trading orders. Position size calculation is also a first step to the organized Forex trading, which in its turn is a definite property of professional Forex traders.Ĭonsider using brokers with micro or lower minimum position size. It will take a minute of your time but will save you from losing money you do not want to lose. I recommend doing it every time you manually open a new Forex position. Please use our MetaTrader expert advisor to assess position volumes for such assets (see below).Ĭalculating the amount you can risk is very important if you carefully follow a money management strategy. The form does not calculate position size for oil, gold (XAU/USD), silver (XAG/USD), and other commodities as their contract specifications (namely, lot size) differ significantly between brokers.
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