Forex Position Size Calculator

Forex & Gold Position Size Calculator

%
pips
Position Size: –
Amount Risked: –
Units/Ounces: –

What is a Forex Position Size Calculator?

A position size calculator is a tool that determines:
✔ How many lots to trade
✔ Based on your account size
✔ And risk tolerance

It automatically computes the ideal trade size using:

  • Account balance
  • Risk percentage per trade (1-2% standard)
  • Stop loss distance in pips
  • Currency pair being traded

Why Proper Position Sizing Matters

BenefitExplanation
Account ProtectionPrevents catastrophic losses
Emotional ControlRemoves guesswork from trading
ConsistencyAllows precise risk/reward ratios
ScalabilityWorks for any account size

Top 5 Position Size Calculators for 2024

1. BabyPips Calculator (Free)

  • Web-based, no download needed
  • Simple interface for beginners

2. Myfxbook AutoCalculator (Free)

  • Links directly to MT4/MT5
  • Auto-updates based on live trades

3. TradingView Position Size Tool

  • Built into charts
  • Adjusts for leverage automatically

4. MetaTrader 4/5 Built-in Calculator

  • Most accurate for MT users
  • Custom scripts available

5. ForexRiskCalculator (Mobile App)

  • iOS/Android compatible
  • Advanced risk parameters

How to Calculate Position Size Manually

Formula:
Position Size = (Account Risk) / (Stop Loss in Pips × Pip Value)

Example Calculation:

  • Account: $10,000
  • Risk: 1% ($100)
  • EUR/USD trade with 50 pip stop
  • Pip value: $10 per lot

$100 / (50 × $10) = 0.2 lots

Key Features to Look For

1. Multiple Account Currencies

  • Handles USD, EUR, GBP accounts

2. Leverage Adjustment

  • Calculates based on broker leverage

3. Cross Pair Support

  • Works with exotic currencies

4. Mobile Accessibility

  • Available on smartphones

5. Risk Percentage Customization

  • Set 0.5%-5% risk levels

Common Position Sizing Mistakes

❌ Risking too much per trade (>2%)
❌ Ignoring stop loss distance
❌ Not adjusting for volatility
❌ Forgetting about swap rates
❌ Using same size for all pairs

5 FAQs About Forex Position Sizing

1. What’s the best risk percentage per trade?

Most pros risk 1-2% to survive drawdowns.

2. How does leverage affect position size?

Higher leverage allows larger positions but increases risk.

3. Do I need different sizes for different pairs?

Yes – volatility varies (e.g., EUR/USD vs GBP/JPY).

4. Can I use same size for all account balances?

No – must scale proportionally as account grows.

5. How often should I recalculate sizes?

After every account balance change >5%.