Account Balance: Enter your trading account balance to calculate the position size. This is the starting point for determining the amount of currency you can trade based on your account balance and the risk you are willing to take.Enter your trading account balance to calculate the position size. This is the starting point for determining the amount of currency you can trade based on your account balance and the risk you are willing to take.
Risk Percentage: Enter the percentage of your account balance that you are willing to risk on a single trade to specify your risk tolerance. This is going to help you determine the right position size and efficiently manage your risk.
Stop-Loss Level: To limit potential losses, specify your stop-loss level as the exact point at which you intend to exit a losing trade. This is an essential risk management tool that can assist you in minimizing losses and protecting your capital.
Calculate: When you press the ‘Calculate’ button, the Trading Calculator will calculate the best position size for your trade based on your risk factors and chosen financial instrument.