TradeWest Forex | Calculating Lot Size (October 28, 2013) | Forex
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Blog Post: http://www.tradewestforex.com/blog/how-to-calculate-lot-size/ Register for Future Webinars: http://www.tradewestforex.com/webinar/weekly Forex Weekly is a free webinar series hosted by Mike Swanson. Each week will feature a mix of training, education, news, reviews, Q&A, and other Forex related discussion! This week's topic was "How To Calculate Lot Size". Learn a simple formula for calculating lot size so that you can easily determine how much you should risk.
Comments
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So let me get this straight. I have a $100 account. You say I should only be risking about 1% per trade. Ok that's $1. I like to put my stoploss at 30 pips. I use your formula and find out I should trade 0.003 lots. Well crap. I don't even have the option to do that. What gives?
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I am a little confused if after the calculations your lot size is 1.0 or greater you can trade standard 100K lots and under 1.0 to .5 mini lots(10k lots) and less than .5 you trade micro lots(1k lots)?