To be a successful trader in a long run and to be stay profitable you need to understand how impotent to calculate your position size before you enter the trade
reason for this is if you use same lot size for each pair you will not make good profit ratio even you are more profitable in pips. as example if you place a trade on EURUSD with 1.0 lot 1 pip equal to 10$ but also if you place an trade on EURAUD with 1.0 lot equal to 7.6$ to have 10$ profit or loss per pip you need to use 1.36 as the lot size for EURAUD. per each pair its different and you need to calculate the lot size for each pair base on this.Other wise when you make loss in one pair you will have to trade 2 pairs to recover that loss before making profit.
As smart trader to beat the smart money we need to think smart. when you trade any strategy no matter what its very important to use this position size base on currency pair
To make this Easier we have added position size calculator as when you input your account balance and risk % this will automatically calculate the lot size which you need to place on that specific currency pair or index
Also its important to not risk more than 1% per trade to stay on Forex trading business and be a profitable trader in long run
Exsample
Your Account Balance - 5000$
Risk Percentage per trade 2%
Stop Loss for the trade 30 pip
Currency Pair you are trading on EURUSD
Your Lot size for the trade will be 0.33 Standerd Lot
This lot size will be different for each pair you are trading on most of the time. before you enter the market you can easily calculate the lot sizes through the above calculator
When you are following our trading signals through the channel https://t.me/tdalgo
its impotent to use the position size calculator
To check on our Currency Strength correlation indicator Click here
