About the Position Size Calculator
Our free online Position Size Calculator helps forex traders manage risk and optimize trade size for every position. By entering your account balance, risk percentage, stop loss in pips, and the currency pair you wish to trade, you can instantly calculate the ideal position size in units, as well as standard, mini, and micro lots. This tool is essential for anyone looking to apply sound risk management in the forex market.
The calculator uses live exchange rates for USD pairs, ensuring your calculations are always based on the latest market data. If your account currency differs from the quote currency, simply enter the conversion rate or let the tool fetch it for you. This makes it easy to trade pairs that don't match your account currency, without manual conversions.
Proper position sizing is a cornerstone of successful trading. By limiting your risk per trade and adjusting your lot size accordingly, you can protect your capital and trade with confidence. Use this calculator before every trade to ensure you never risk more than you intend, and to keep your trading strategy on track.