Position size calculator

Correct position sizing makes the difference between being a profitable trader and a not so profitable trader. I always define the risk in a trade by setting a limit entry and a stop. The stop distance then defines how big or how small I can trade in order to always have the same amount of risk per trade.

Some platforms like FxTrade from Oanda or SpotWare's CTrader show the risk while you are entering the trade. So by upping the units/lots, you can quickly get the correct position size.

Metatrader, however, does not have this feature. There are some indicators that do this, but I find them not really workable. Therefore I decided to put this position size calculator here on my blog. It is provided by Cashbackforex for which I am an affiliate. It does exactly what it needs to do.

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