Free Intraday Trading Tips and calls for today and tomorrow

In Forex market trading many new traders has the doubt about "How much lot should i trade in forex with my capital?". I have got many questions about it in our free forex intraday trading telegram channel. So i decided to write a blog post on this topic to help the beginners to calculate the position size of their Trade. I will explain Step by step procedure to size your position on forex trading below.

Create a Free Forex trading account

As I already explained in our previous post about it but I will quickly explain in here. Click on this link and create account for free.

Join Now for Free

Then select the type of account as "Standard" if your capital is less than 500 dollars. Else if it is more than that tgen choose "Raw spread account". After that add money in the Wallet using the debit card or internet banking or the upi. Now you account is ready after basic verification. 

Size your Position on Forex Trading

After the above given step, please go to this Link. After that it will open a new window as shown in the image given below.

Size your Position on Forex Trading

Here in this picture you need to fill with some details to get the lot size. Fill the details as given below.

• Account currency Type:- USD
• Account Balance:- Total money your trading account can be given in here.
• Risk Percentage:- Total percentage of risk you can take on a particular Trade. I would recommend to give 8 percentage to 10 percent per trade.
• Stop loss pips:- this you can get from the trading app while placing the order.

  

  Stop loss pips

  
  
• Currency pair :- on which currency pair are you planning to trade on can be added here.
• After that click on calculte and get results as given below.

Position sizing result

The above given results are for a capital of 2200 dollar with 10 percentage risk. As per this Result, you should choose the Lot size as one.

You also read our previous post on "Tips for start trading in stock market in India"

Conclusion

By using this Tip, you can easily choose how much lots you should consider per trade based on your risk Percentage. Follow this methods and improve your accuracy and success rate of your trading. If you have comments you can contact me on telegram or comment on comment section below.