Risk & position sizing
Convert a position size into standard, mini and micro lots for your broker.
Convert a position size into standard, mini and micro lots for your broker. The page states the equation, the units it expects and the rounding it applies, so the result can be reproduced by hand.
A calculator gives you a number. This one feeds the next: account to risk, risk to position size, position size to the trade, and the trade to expectancy, drawdown and risk of ruin.
See the performance tools →Identical to position sizing, expressed in the units an FX broker accepts. A standard lot is 100,000 units; a mini is 10,000; a micro is 1,000.
A $25,000 account, 1% risk, 50-pip stop, USD-quoted pair at $10 per pip per lot:
A standard lot is 100,000 units of the base currency. A mini lot is 10,000 and a micro lot is 1,000, so 0.50 lots is 50,000 units or five mini lots.
A pip on a JPY-quoted pair is 0.01 rather than 0.0001, and the value depends on the current rate: 1,000 divided by the price, per standard lot.
The smallest your broker allows, until you have a hundred trades of record. Micro lots at 0.01 put $0.10 per pip at stake, which is enough to learn the mechanics and too little to matter if the strategy is wrong.
A calculator answers one question and raises the next. These are the ones this figure feeds into.
What one pip is worth on the pair and size you are trading.
Work backwards from accepted risk and a fixed size to the stop distance that fits.
Required margin for a position, and the effective leverage it puts on the account.
Lot Size Calculator · rounding shown to the precision displayed