Position Size Calculator

Calculate optimal position size based on your risk tolerance and stop loss

Calculate Position Size

Enter your trading parameters and risk settings

Forex Pair

Account Balance

Account Currency

Risk Per Trade

Percentage of account

Fixed amount

Recommended: 1-2% per trade for conservative risk management

Stop Loss

In pips

By price levels

Stop Loss Distance (Pips)

Exchange Rate(Editable)

Pre-filled with typical market rates. Adjust as needed.

Automate Your Position Sizing

Stop calculating manually. Journal IQ automatically tracks your position sizes, risk per trade, and shows you exactly how disciplined your risk management is. Get your Decision IQ Score and improve your trading decisions.

Position Sizing Basics

Position sizing is one of the most critical aspects of risk management in trading. It determines how much capital you allocate to each trade based on your risk tolerance.

Key Principles:

• Never risk more than 1-2% per trade
• Adjust position size based on stop loss distance
• Larger stops = smaller positions
• Smaller stops = larger positions (within limits)

Calculation Formula

Step-by-Step:

1. Risk Amount = Account Balance × Risk %

2. Pip Value = (Pip Size × Contract Size) / Rate

3. Position Size = Risk Amount / (Stop Loss Pips × Pip Value)

Example:

$10,000 account, 1% risk ($100), 50 pip stop loss:
If pip value = $10/lot → Position = 100 / (50 × 10) = 0.20 lots

Best Practices

✓

Conservative traders: Risk 0.5-1% per trade

✓

Moderate traders: Risk 1-2% per trade

✗

Avoid: Risking more than 5% per trade

✓

Diversify: Limit total risk across all open trades to 5-10% of account