Code: Select all
https://www.myfxbook.com/forex-calculators/position-size/USDCAD
Step 2 - find the stoploss.
Step 3 - Count the pips from the current price to the chosen stoploss.
Step 4 - Go to Position Size Calculator | Myfxbook. Fill in the formula (Easy).
Now you get the trade size in Lots.
Do this every time you trade.