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Why this forex calculator?
Trading with low risk is very important in forex and the only way to sustain in the market. In Bdpips, we always sugget you to take always 1-5% risk of your account balance. You decide how much risk you will take in every trade, Bdpips lot calculator will tell you which lot size you should use to open a trade.
Account Balance: Write your account balance. If your account balance is $1000, write: 1000
Risk Percentage: How much risk you want to take in every trade? If you want to take 2% risk in every trade, write: 2
Stop Loss: Mention your stop loss. If your stop loss is 50 pips, write: 50
Currency Pair: Select the currency pair you want to use. If you trade EUR/USD, then selecting only EUR/USD is enough. If you trade in other currency pairs, then also mention the current price of that currency pair. Why it is necessary? Because, in different prices, the pips value of these pairs change.
Now, click on Calculate button. If you want to clear your given input, click on the Clear button.
Risk Amount: It indicates how much USD risk you have to take as your preference in every trade. For exmaple, if your balance is 1000 USD and risk per trade is 2%, then Risk Amount per trade will be 20 USD.
There are many softwares to trade forex. In some softwares you have to select the position size, in some websites you have to select Lot. Lot is more popular (In Meta trader, you have to select Lot). To help you in both way, our calculator shows the calculation in both position size and Lot.
Position Size: 1 standard lot = 100,000 unit position size. When you write down the balance, risk percent and stop loss, Bdpips forex calculator will automatically calculate and will tell you with which position size, you have to open the trade.
Standard Lot: For trading EUR/USD, 1 standard lot = pips value $10 per pip. That means if you open a trade with 2 standard lot, the pip value will be 2*$10=$20 per pip. Almost all brokers uses standard lot. So, 1 pip = $10 for 1 standard lot in every broker. It is so widely used that unless some one mention the mini lot or micro lot, always consider the word "Lot" as standard lot. Like, 1 lot (1 standard lot), 2 lots (2 standard lots)
Mini Lot: Mini lot is just 1/10 th of a standard lot or 0.1 standard lot. So, you can easily understand that each pip value in mini lot is $1 as mini lot is 10 times smaller than standard lot.
Micro lot: Sometimes you will see that some brokers are advertising in their site that they support micro lot. What is it? Micro lot is nothing but 1/100 th of the standard lot or 0.01 standard lot. (1 micro lot is also = 0.1 mini lot). With 1 micro lot or 0.01 standard lot, each pip value is 10 cent.
A question is knocking in my mind. Why there are mini lots and micro lots beside standard lot?
Answer is another question: Why there are centimeter and milimeter beside meter? (Do you got it now?)
Your only task is to write down the balance, risk percentage and stop loss. Then select the currency calculator. Bdpips lot calculator will tell you with which lot (standard/mini/micro), you have to open the trade.
Brokers Lot Size:
Remember, 99% or more broker uses standard lot (per pips value = $10). For example, Xemarkets, Octafx, Fxoptimax.
Only Instaforex is an exception. In Instaforex, every pip value in 1 lot = $1, 0.1 lot = 10 cent ad 0.01 lot = 1 cent. (1/10 of all other brokers)
Also, Xemarkets has micro lot account. In Xemarkets micro lot account, every pip value is 1 lot = 10 cent, 0.1 lot = 1 cent , 0.01 lot = 0.1 cent (1/100 of all other brokers)
However, Instaforex and Xemarkets micro account is an exception and exception can not be an example.
So, don't get confused. Okay?
Bdpips - Everying about forex!
First and most popular Bangla forex community & Bangla forex school
This calculator is also available in Bangla. Click here to get the Bangla version.
Trading with low risk is very important in forex and the only way to sustain in the market. In Bdpips, we always sugget you to take always 1-5% risk of your account balance. You decide how much risk you will take in every trade, Bdpips lot calculator will tell you which lot size you should use to open a trade.
Account Balance: Write your account balance. If your account balance is $1000, write: 1000
Risk Percentage: How much risk you want to take in every trade? If you want to take 2% risk in every trade, write: 2
Stop Loss: Mention your stop loss. If your stop loss is 50 pips, write: 50
Currency Pair: Select the currency pair you want to use. If you trade EUR/USD, then selecting only EUR/USD is enough. If you trade in other currency pairs, then also mention the current price of that currency pair. Why it is necessary? Because, in different prices, the pips value of these pairs change.
Now, click on Calculate button. If you want to clear your given input, click on the Clear button.
Result:
Risk Amount: It indicates how much USD risk you have to take as your preference in every trade. For exmaple, if your balance is 1000 USD and risk per trade is 2%, then Risk Amount per trade will be 20 USD.
There are many softwares to trade forex. In some softwares you have to select the position size, in some websites you have to select Lot. Lot is more popular (In Meta trader, you have to select Lot). To help you in both way, our calculator shows the calculation in both position size and Lot.
Position Size: 1 standard lot = 100,000 unit position size. When you write down the balance, risk percent and stop loss, Bdpips forex calculator will automatically calculate and will tell you with which position size, you have to open the trade.
Standard Lot: For trading EUR/USD, 1 standard lot = pips value $10 per pip. That means if you open a trade with 2 standard lot, the pip value will be 2*$10=$20 per pip. Almost all brokers uses standard lot. So, 1 pip = $10 for 1 standard lot in every broker. It is so widely used that unless some one mention the mini lot or micro lot, always consider the word "Lot" as standard lot. Like, 1 lot (1 standard lot), 2 lots (2 standard lots)
Mini Lot: Mini lot is just 1/10 th of a standard lot or 0.1 standard lot. So, you can easily understand that each pip value in mini lot is $1 as mini lot is 10 times smaller than standard lot.
Micro lot: Sometimes you will see that some brokers are advertising in their site that they support micro lot. What is it? Micro lot is nothing but 1/100 th of the standard lot or 0.01 standard lot. (1 micro lot is also = 0.1 mini lot). With 1 micro lot or 0.01 standard lot, each pip value is 10 cent.
A question is knocking in my mind. Why there are mini lots and micro lots beside standard lot?
Answer is another question: Why there are centimeter and milimeter beside meter? (Do you got it now?)
Your only task is to write down the balance, risk percentage and stop loss. Then select the currency calculator. Bdpips lot calculator will tell you with which lot (standard/mini/micro), you have to open the trade.
Brokers Lot Size:
Remember, 99% or more broker uses standard lot (per pips value = $10). For example, Xemarkets, Octafx, Fxoptimax.
Only Instaforex is an exception. In Instaforex, every pip value in 1 lot = $1, 0.1 lot = 10 cent ad 0.01 lot = 1 cent. (1/10 of all other brokers)
Also, Xemarkets has micro lot account. In Xemarkets micro lot account, every pip value is 1 lot = 10 cent, 0.1 lot = 1 cent , 0.01 lot = 0.1 cent (1/100 of all other brokers)
However, Instaforex and Xemarkets micro account is an exception and exception can not be an example.
So, don't get confused. Okay?
Bdpips - Everying about forex!
First and most popular Bangla forex community & Bangla forex school
This calculator is also available in Bangla. Click here to get the Bangla version.

Xemarkets

