Position Sizing in Context

You're well on your way to becoming a professional risk manager after traveling across the world with Newbie Ned and going through some basic position sizing examples.

Knowing how to set the proper position sizes is only one aspect of becoming a professional in risk management.

Discipline is the other component.

If you stick to your stops and risk comfort levels, you'll have enough money left over after your losses to take advantage of future successful possibilities.

Calculator for Position Sizing

Finally, we realise that you may not always have access to a calculator or a position sizing function built into your trading platform, so we at WikiFX have taken it upon ourselves to create a simple position sizing calculator for you!

If you need to calculate the size of a forex position, use the forex position size calculator.

Actually, you should use it first every time you plan to make a deal.

“Better to be safe than sorry!” goes the old adage.