How to Calculate Your Lot Size Correctly & Easily

Podcast:

#374: How to Calculate Your Lot Size Correctly & Easily

In this video:
00:26 – Understanding Lot Sizes
00:58 – The problem with the way most people trade
01:57 – Different pairs pay a different amount per pips
02:50 – Place the stop loss at the correct level
03:29 – Use my Lot Size Calculator
04:48 – Allows you to be smart with your trading
05:21 – Weekly chart trades made good money this week
06:11 – Controlling risk and your emotions

How do you calculate the lot size that you need on every trade so that you can control your risk and your emotions? Let’s talk about that and more, right now.

Hey Forex Traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 374.

Understanding Lot Sizes

I thought I’d come outside today as it’s a lovely winter’s day here in Nelson. Lots of good feedback on last week’s video, when I took you on a helicopter trip. So glad that you enjoyed that and I figured, well it’s so good, let’s get outside again today and explain the very important topic regarding what makes the difference between potentially a losing Forex trader and a successful Forex trader. It comes down to money management and risk and understanding how to calculate the lot size that you need.

The problem with the way most people trade

You see,