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Lecture 16: How to Calculate your lots size in Forex pairs [Habit 16]
Hello from Forexustaad my name is Raheel Nawaz. Today I'm going to teach you How to calculate your lot size in Forex pairs by my book of (50 habits of successful Forex Trader). In this habit no 16, you can Learn how can you become a Successful Trader by applying a simple formula i.e. every time your enter in Forex market you just need to Calculate your position size then open a trade with low risk, As we have discussed in habit no 15 https://youtu.be/t5fGe66e_tk that you should chose about leverage and in habit no 14 I have taught you about money management important in Trading market .Now Its time to learn how to calculate your lot or position size before your enter in real Forex market lot size calculation formula is like : When the currency pair is quoted in terms of US dollars the equation is as follows; Lot Size = ((Margin * Percentage) ÷ Pip Amount) ÷ 100k. Using the example in the picture above for EURUSD; Lot Size = ((34,449 * 2.5%) ÷ 0.0029) ÷ 100,000 = 2.97 lots. Follow this Trading system and become Successful like no other!!! it's in Urdu/Hindi [Habit 16] .
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