Size the trade before you place it
Set your balance, your risk and your stop distance, and the calculator returns the position size that keeps the loss inside the budget you chose. Works across majors, JPY crosses and spot gold. Free, and no sign-up.
Your trade
One pip is 0.0001 on EUR/USD, and a standard lot is 100,000 units. Conversion rates are indicative reference figures. Always size off your broker's live quote before you place the order — their spread and fill are what you actually get.
Position size
Three decisions, in this order
Fix the risk first
Decide what one idea is allowed to cost — a percentage of the balance, chosen before you look at the chart. One percent is a common starting point.
Measure the invalidation
Find the level that proves the trade wrong and count the distance to it in pips. That is your stop, not a number picked to make the size feel comfortable.
Let the arithmetic decide the size
Risk amount ÷ (stop in pips × pip value per lot) gives the position. If the answer feels too small, the stop is too wide or the account is too small — not the other way round.
What counts as one pip
The figure the calculator uses for each instrument.
| Instrument group | Examples | One pip | Standard lot |
|---|---|---|---|
| Most major & cross pairs | EUR/USD, GBP/USD, EUR/GBP | 0.0001 | 100,000 units |
| JPY quoted pairs | USD/JPY, EUR/JPY, GBP/JPY | 0.01 | 100,000 units |
| Spot gold | XAU/USD | 0.01 | 100 oz |
The calculator gives you the number. The programme gives you the plan.
Every package is free while the desk is opening up — including the risk framework this tool is built on.