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New here, trying to get my head around position sizing
Been trading forex demos for a few months, mostly $EURUSD and $GBPUSD, and I'm really struggling to get a handle on position sizing beyond just picking a random percentage. How do you guys consistently calculate your risk per trade?
2 comments · 5 points
It's not just a random percentage, it's about defining your stop loss first. Once you know your entry and stop, the position size is just a calculation to keep your risk within your chosen percentage of account equity.