The forex risk calculator calculates the amount of money you are risking on a given forex trade. Forex trading rule #1: Use sound risk management! Your risk on a given trade should never exceed 1-2% max of your account balance.
Read more about money management.
How the calculator works: An example: You have 30,000 USD in your account. You enter a trade with a 30 pip stop loss and 1 % risk of your trading account balance. Upon calculation, you could enter 10 mini lots or 1 standard trading lot.
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