Forex

Risk Management - Pip values and Lot Sizing

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Reference Links

• BabyPips Position Size Calculator
  
  Pros:
  It is simple to use.  If you wish to do the calculations for other trades, the information remains so you can change only what you need to change.  It also shows the results in the following standard sizes used by the brokers; units, lots, mini lots, micro lots.
  
  Con:
  You need to put in the exchange rate between your account currency and the base currency if the two are not the same.
   
• Investing.com Currency Converter 
  
  Often needed when you are calculating risk for Forex pairs not in your base currency.  Near real time rates.  Also includes the various digital currencies 
   
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