PokeVideoPlayer v0.9-rev1 - licensed under gpl3-or-later
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RYD date created : 2024-10-06T14:56:48.070559Z
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@forexitydotorg
10 months ago
Hereās another way of looking at it.
- 1 standard lot = $10
- 0.1 mini lots = $1
- 0.01 micro lots = $0.10
- 0.001 nano lots = $0.1
Example:
Account balance: $10000
Risk tolerance: 1% (per trade)
Risk per trade: $100
Stop-loss: 10 pips
Basic formula:
Risk per Trade / Number of Pips in Stop = $10
Risk per Pip / Amount of Lots: 1
Lastly, factor in your broker's entry fees.
Note: This method may not apply to all instruments or currency pairs.
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