Size the trade. Before you place it.
Set your risk, stop loss and take profit in pips. See your lot size and what the trade loses or makes.
Position size
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Enter your account balance to see your size, profit and loss.
Educational purposes only · Conduct your own analysis · Manage risk
01
Your risk in dollars
Your balance times the risk percent. That is the most this trade should cost if the stop loss is hit.
02
What a pip is worth
On XAUUSD one pip is a $0.10 move in price. It is worth $10 on one lot and $0.10 on 0.01 lot.
03
Size, loss and profit
Risk ÷ (stop-loss pips × $10) gives the lots, rounded down to the 0.01 step brokers accept, so the loss never passes your risk. Loss and profit are the pips times what one pip is worth at that size.
Spread, commission, swap and slippage are not included, so a real loss can be larger than the figure shown. Check the contract size and minimum lot with your own broker.