Man.... I'm a new trader, been studying since Oct 21 and I can't tell you how long I've been searching to find a simple explanation to position size. This is excellent..well done, great tutorial. Makes perfect sense now.
this works for cryptos, in the otherwise for most everything else it's just the distance given by the measuring tool=stops divided by the risk amount usd= lot size
Nice video... I think the main pressing issue is knowing what a 2X leverage represents in lot sizes. Is it 5x leverage to 5 lot sizes and 10x leverage to 10 lot size?
@@citizentraderx1741 I was wondering if there was an indicator or tool where it gets the Entry and the Stop and calculate everything. Something like a built-in calculator. Great explanation though!! Thank you!!
Couples things how would those of us that use the mt4 app calculate cause we dont have that tool also i have a 50+$ account they say u shouldnt risk more then 2% thats about all ik reguarding the lot stuff somewhat
misleading and erroneous . How if Lot size is 4 or 5 ?? example capital is 40000 USD , BTC current price is 37543 and SL 37305 ,gap is 238 USD , risk is 1000 , so 1000 divide by 238 = 4 ..........How to understand this ? what is 4 ??
Man.... I'm a new trader, been studying since Oct 21 and I can't tell you how long I've been searching to find a simple explanation to position size. This is excellent..well done, great tutorial. Makes perfect sense now.
Great to hear. Cheers.
I agree Bro..🎉❤ me too I've search a lot.
Awesome buddy. Perhaps the most important part of day trading and no one is teaching this. Thanks man.
❤❤❤Thank you so much Bro this is what I've been lookin for. I see a lot of complicated calculation but this is the best so far. Thank you so much ❤❤❤
Wow thanks man, that's a great video and great explanation😀 this helped me a lot
Thanks man. So informative and helpful ❤
this works for cryptos, in the otherwise for most everything else it's just the distance given by the measuring tool=stops divided by the risk amount usd= lot size
good vid! straight to the point not to much talking
Really nice video clip. What is the meaning of trade direction?
Hi there and thanks for this video. Is this the formula already applied using the long/short tool from tradingview ? thanks
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Nice video... I think the main pressing issue is knowing what a 2X leverage represents in lot sizes. Is it 5x leverage to 5 lot sizes and 10x leverage to 10 lot size?
Is this the same calculation on forex and indices?
great video bro, trying to dial this in right now
Cool, glad it's useful.
what is 0.05 with BTC/USD does it represent £0.05p or £0.50 ??
What if the account size is less than what is allowed by lot size ?
You can do it directly with trading view
Is there a simple way of doing this? Just wondering. Thanks a bunch! It helped!
ah.. not sure how much simpler you need it.. maybe time to get into bots
@@citizentraderx1741 I was wondering if there was an indicator or tool where it gets the Entry and the Stop and calculate everything. Something like a built-in calculator. Great explanation though!! Thank you!!
@@cesarg63 don't know.. maybe search if someone has scripted one.
Please does this work for Btc/Ltc or other cryptocurrencies against others etc eth/ltc so on and so forth?
Meanwhile thanks for the video..
Couples things how would those of us that use the mt4 app calculate cause we dont have that tool also i have a 50+$ account they say u shouldnt risk more then 2% thats about all ik reguarding the lot stuff somewhat
Great video where is the actual calculator spreadsheet link?
sorry, I only had it on the next video.. but here it is for you
www.etsy.com/au/shop/CitizenTraderX
just a question whats the maximum lot size possible
How much money do you have? That is the determining factor for max lot size possible (for you).
This is the lot size for MT4 ?
The calculation is not platform specific.
misleading and erroneous . How if Lot size is 4 or 5 ?? example capital is 40000 USD , BTC current price is 37543 and SL 37305 ,gap is 238 USD , risk is 1000 , so 1000 divide by 238 = 4 ..........How to understand this ? what is 4 ??
it would be much simpler to buy in the actual currency that you have, instead of lots/volume. No need for calculations .
short you sell 0.055 BTC not buy !