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1. Risk amountSTART HERE (see below note)
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What is your trading capital? $1,500Hover here to read the note
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How much in % are you willing to risk of your entire capital?2Note: You can only see the dropdown lists when you make a copy of this document.
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The value you are willing to risk: $30
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(risk amount; risk per trade)
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2. Risk reward ratio
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What is your risk reward ratio per trade?3:1
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Hover here to read the note
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3. Pip value
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What is your lot size for the trade?10000units
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What is the exchange rate?1.054Hover here to read the note
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What is the smallest price change (one pip)?
0.0001Hover here to read the note
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Pip value: $ 0.95 currency (i.e. USD)
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Pip Value = (One Pip / Exchange Rate) * Lot Size
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Stop Loss (SL)32pips
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Stop Loss (in pips) = Risk Amount / (Value per Pip)
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Position size:1mini lot/s
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Position Size = Risk Amount / Stop Loss (in pips)Hover here to read the note
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Target Profit (TP):95pips
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Target Profit (in dollars) = Target Profit (in pips) * Value per Pip
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Theoretically, this means...
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If you think the currency will increase, and you buy the currency low to sell it hight then you should...Place your stop loss 32
pips away and below from your entry price.
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Place your target profit95
pips away and above from your entry price.
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If you think the currency will decrease, and you sell the currency high to sell it low (called: shorting) then you should...Place your stop loss 32
pips away and above from your entry price.
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Place your target profit95
pips away and below from your entry price.
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