LET'S GET REAL...

FACT:  
You have no chance of being successful trading Forex if you don't use great Money Management.

If you POSITION SIZE each trade just right, you can...

Knowing how large a trade you should put on to maximize your profit for that trade, while never risking more than you feel comfortable with losing. The Calculator gives you this precise number for your position size in standard lots, mini lots, micro lots, units or amount per pip.

But Why Should I Do This?

If this idea is new to you, it might sound confusing or difficult to do. If you've been using just one fixed lot size for all your trades then position sizing might sound like it will take too much time. Why do people take the time?
                Because...

You Could Be Making More Money

Yes – the same trade strategy you are using right now might be much more profitable with just this one change: Position Sizing.  Read our article about Adaptive Position Sizing to learn more.

On the home tab enter your RISK PROFILE ~ the max that you could lose if the trade fails.

The Calculator will show you what that % translates to as pips and money.

Using a percent is the smart way to trade!

Read more about risk profiles and why the % matters

Some platforms now offer their own calculators, which work fine for simple in-and-out trades. But if you have more complex trades they don't help you.

Also – think how easy it will be to use the same calculator for each broker's platform instead of switching back and forth!

Keep your trading simple by using one great calculator for all your accounts.

Say you took a short on the AUDUSD at 0.6940.  It stopped out so fast you thought - "Ah, momentum has shifted to the long side. I want to make up my loss with a buy."

How far do you need to go to get to break even and recover your loss?

You need that answer FAST - because price might touch your target and then retreat.  Quick!  Set your take profit!

But where?   The Advanced Calculator will tell you that in an instant.

Just tell the Calculator how many lots you used in your first leg (the short) and where you entered and were stopped.

Then enter the direction of your next trade (in this case a buy), how many lots your used and what price you got filled.

PRESTO - you see your break even price is 0.6694, just 19 pips away.

Maybe you think you can go for 4 more pips with this - the extra info box shows just what you'll make if you want a little more or less than break even.

Do you like to trade with a certain size  stop on each currency pair you trade?

This is absolutely the fastest position size tool for you.

Just enter the number of pips for your stop  and your position size immediately pops up.

And if you like using a take profit that is a ratio of your stop, such as a 2-to-1 risk to reward, you can ☑ check the box, put in your ratio and your target pops up.

These position sizes automatically take your risk profile, your equity and the pip value of each currency pair into account.  Never lose more than you plan with this tool.

Who makes the best forex traders?  Airplane pilots.

Why?  Because they were trained to use safety checklists before each flight. They usually bring that same careful thought to their trading.

The Advanced Calculator will help you trade like a pilot too.  It puts all those important details at your finger tips, so they are easy for you to think about before you enter your trade.

Have you been overlooking the difference between bid and ask?  Read our article about why ignoring BID and ASK can cost you.