How to Calculate the RIGHT Lot Size for Forex Trading 📈

[@TraderNick]

Seems like I made a bit of a calculation mistake on this video! Please note that the tool works fine for USD currency pairs, but may not work properly for other markets/pairs. Please keep this in mind.

[@imranhuddin]

so what was the mistake lol

[@shanqureshi4344]

Aleast tell us what's the mistake?

[@santhoshkhati5157]

@@shanqureshi4344 not for pairs rather than usd

[@PandaPaTonaz1]

hie nick, why did u devide the quantity figure by 10000. please enlighten me

[@rodestolloso8104]

I think it will work if you just convert the value of USD to the currency of the market you want to trade.

[@vereen72]

Oh man, you just dropped a tutorial on a topic that I have been wanting to know for so long on Trading View. Thank you so much Nick!

[@paulikeleji9708]

Hello i want to connect with on any social network.

[@ukprichard]

One of the best yt videos I’ve watched today. This helps a lot, thanks!

[@andrewfoote8509]

Best one yet, such a relief you don’t even know. I couldn’t understand lot size or how to calculate it until this video 🎉❤

[@taquito.trasgo]

Loved the video Nick! really broke it down how to calculate lot sizes, learned a lot!

[@haroldthedog68]

thank god i found this explanation , all the best chief

[@chathurangadesilva2452]

standard lot size is 100000 not 10000. little correction otherwise pip values will be 10x multiply.

[@heybear7271]

should we always divide it by 100000/ THANKS

[@valentinekenyonde5352]

Please I need guide

[@sysm87]

This comment is underrated lol if some one follows nicks method they could be risking 30% not 3% of their account😅

[@kylejnp5089]

@@sysm87I just did. So glad I trade a demo alongside my main😭

[@jakksskk]

Thank you so much man just about to risk a lot more than I wanted 😅😅

[@vesperatrades]

Finally someone understood the assignment. Thank you :)

[@jaimep8358]

You answered the question I was looking weeks for!! Thank you!!!

[@جُرعةسيِّئة]

Thank u for the DETAILED explanation! U have no idea how much I needed this! Appreciate it❤

[@cassiaribeiro6707]

Probably the best video on the internet covering this topic, thanks!

[@Yessirdo]

0.37 lot is not 1.5% risk on a 1k acc that’s 15% risk. $3.75 x 40 pips = $150 risk

[@devontef.8943]

He made a mistake. On the buy tool he put in 1k but then he divided 3750 by 10000 and got 0.375 which is 150 which would be 1.5% of 10000 6:22

[@temesgeneyesus]

Finally I understand thank you so much.

[@christiantony2525]

My goodness thank you so much you are indeed a God sent

[@MO13YT]

How would you do this if you are scalping the 5 minutes time frame ? By the I do all the calculations to get the lot size to take the trade the candel has already moved.

[@okbrother2938]

Did you get the answer bro? Please help

[@MohammedKadire]

You answered the question I was looking for for several days. Thanks bro

[@athayapr]

Very well done video, Easily explained and easy to understand

[@destinydanbeki7425]

This was the right VId I have been Hoping for thank you so much bro

[@JenMarco]

I wish someone would make videos for people who aren’t complete beginners

[@prashantjangam8395]

Perfect trick what I was looking for. I was trying to create excel for this. But this is fastest way to calculate quantity.

[@Chaotic347]

Great video learned a lot worth the time 😊

[@JaniceB1217]

thank you nick that makes sense and I never knew!

[@priyankgandhi2803]

amazing video nick. but i think there is an error bcs on google it shows 1 standard lot is equals to 1,00,000 units but here you mentioned 10,000 units

[@razwansal7394]

Very well presented nick

[@naufal961]

Just the video I needed! THANKS NICK

[@simoing75]

So useful, thanx!

[@sameersitoula]

Isn’t it supposed to be divided by 100000 which is 1 lot size?

[@revasgs6038]

Good video as usual Nick, very helpful, thank you.

[@tivi22]

Great video! How about choosing a position size when using leverage? Does it really matter? Let's say I have a strategy where I have a fixed TP (20 pips) and fixed SL (40 pips) and I want to risk 1% per trade. Which leverage should I choose... and how does it impact position size? I guess, I'm missing something here..

[@berthatwerefoo9625]

Thank you so much, this video was very helpful

[@anthonymunoz7550]

This was extremely helpful, thank you

[@TeddyTse]

How to change lot size for example from 0.01 to 1.0 ? Or does he change it himself as he sees fit ?

[@BmoneyFromDa432]

Best video. Every other one on this topic talks too much about pips and makes it confusing

[@vesperatrades]

What is the calculation for XAU or Nasdaq kinda things please?

[@sunlord75]

This is nice. What if there's a leverage which is common in Forex? How does that affect the calculation?

[@ryn8295]

How do u buy 3700units with $1000 account balance? I hv seen many videos of ppl saying that u can’t put the trade if ur lot size is bigger than the account balance

[@ijintraveler6140]

Nice video Nick! Hope you can create a video about leverage next! :)

[@Phantom-kt5xf]

THANK YOU SO MUCH MAN I LOVE YOU

[@truthwitness8579]

Hey if Im doing scalping , this is a complete shit, how do you direct trade with the propper lot size like metatrader5?

[@allennelson3699]

mt4 what and how is there a difference between - the new trade there is the volume --example i put .1 wanting a 1 mini contract but on the terminal the trade is shown size .10 ?

[@Opaq-motivates-daily]

If i wanna know how much units i could buy/sell costing me x% of my account, how could i find that quantity?

[@Kikopuff0911]

Thank you, well explained!

[@javaidiqbal7596]

Thank you so much nick. I have been looking for a lot size calculator just like this. Thanks for the Huge knowledge. We are so grateful to have you on our back. Learned so much from you. Thanks again🙏🙏

[@Mohdzn]

wow, exactly what ive been looking for.

[@deanperry978]

risk management and lot size to risk is very important no matter how experienced you are

[@jerryrivera8025]

Also, once you get that template as you prefer.Go to the cross button and place the trade.Or any of the trade ordering configuration 😊 Remember, that template is just THAT, a template.Now place the order.😊

[@librapower7810]

So what happens if your account should be in EUR and you want to trade audnzl the qtty will be wrong and you will position size incorrectly if you do not manually convert.

[@VisualCoders]

THANKS IT HELPED ME

[@BradKappa]

The currency in the long tool changes with each currency pair you're on. How do you keep it to your currency

[@AlarmTrade10]

Nice one!

[@victormatsebula]

Great content Nick

[@muhammadhayat1786]

This calculation is difficult.. lets do it easy....for example if you have 5000 and you want to risk 1% means 50$ so decide pips .. 50÷20pips= 2.5$ per pips los .then 2.5$÷10= 0.25 is your lot size... so use this formula 😊

[@WhatEvilLooksLike]

How do i know how much im spending on a buy or sell? Its very confusing. Its not like bitcoin where i can enter $300 worth of bitcoin..

[@RonaldGibson-c6d]

are ticks the same as pips??

[@heybear7271]

So, whebn creating order, we just simply edit the LOT size which is in default 1? then proceed to trade? thanks.. pls make other videos about it.. iots kina hard to look for such infos reagarding hjow to use this lot size , quantity etc in trading view...The numbers and decimal points are confusing. thanks!

[@kapilkambale6361]

Hey Nick... I want to know how leverage plays the role here.

[@arinnfc]

What techniques did you use when you started trading? And how long have you been trading?

[@sysm87]

I believe he has been trading for about 5 years plus judging from the age of the channel

[@HereIsmarcus]

Nice one Nick. Never noticed tradingview long and short tool could be so useful !

[@josephduke4781]

why dont i see any pips or qty?

[@matejmik5505]

Great explanation!

[@mlodybombi]

big shout out for u

[@lar20042002]

Hi Nick! Thanks for the great content like always. I have two questions: why we divided by 10000? And what about the risk % and the stop loss distance? If we for example risk 1% and change the stop loss distance by lowering the distance or make bigger is this could change the risk %? I just confuse between the risk % and the stop loss distance. Thanks

[@romeofx]

I'm confused too man ....gosh man it's really hard to find good knowledge for free here ... Let's keep in touch

[@heybear7271]

same. pls reply if you have figured out

[@ahmedkwaqil1951]

I think it should be divided by 100,000. Because we know that when we enter a lot size we dealling with standard lot which is 100,000 units ( 1 micro = 1000 units , 1 mini = 10,000 , 1 standard = 100,000 ), so for example if it's 2000 units you will put in a lot size box 0.02 because we will divided it by 100,000 and it seems logically. and for your next question I think if you change your stop loss the units will change to fit exactly to your risk percentage that you are already putted, so the risk % would never go up or down than you put. { Note that I'm still beginner and I've never traded yet }

[@ahmedkwaqil1951]

@@heybear7271 look at my answer above.

[@ahmedkwaqil1951]

@@romeofx look at my answer above.

[@shanqureshi4344]

Thanks for the video

[@Iloveberkz]

when calculating lot size using QTY/units, shouldn't it be divided by 100,000, considering 1 lot or 1 standard lot is 100,000? Meaning the example of 3749 qty actually equates to 0.03749 lots?

[@MrCasuallyCruel]

this is the reason why I reached down to the comment section to check

[@murtaza6542]

Where and how do you use the lot size? Anyone can help, thanks

[@papson86]

can anyone explain where the 10000 came from. he only calcuates and leave use hanging with this important detail.

[@katlehokyro10]

Great content Nick 🔥 Does it also apply on indices

[@OWLTHE]

I think I got this Wrong , So my QTY it says 1196 then I devide that by my balance which is USD 171 , which equal to 6.99 lot size but When I try to enter it says not enough funds .

[@IAMSAEID]

Where can i change Lot size please,

[@Josus]

i dont know if i missed up something about a the 10, 000 you divided the quantity, i got lost there, since i didnt know where this 10, 000 was comming from, again, maybe i lost something

[@Melkie11]

Can you make a video on how to adjust leverage on tradingview with Oanda

[@yourdanosgebretensai]

Cant you easily calculate lot size as. (Risked balance)/(stop loss pips*(standard/micro/mini lots size)

[@patriciaatako5678]

Very helpful.

[@JLyn-pp7ry]

You saved me! Thanks a lot

[@senicohaines1728]

so in trading view it seems that I cant adjust lot size lower than one. Im confused I'm sure I'm doing something wrong

[@lex.insights]

How to know how much money risking

[@camyeoman4180]

I divided my 10,000 and 100,000 but when i tey to place order it says i dont have enough funds someone help

[@stoicedit]

Most people trade with leverage. So how to calculate it using for example 100x leverage?

[@user6969sfdhht]

Brother, quick question : lets say i am on a 10k funded account with 100x leverage. In the position size calculator, what should i put my account size? $10k or $1m??

[@MattDouglas_INFIN8INCREASE]

do you have any videos showing how you trade on TV with Oanda linked? I need some more examples lol do you also have videos covering pairs offered on Oanda? I know the regular currency and foreign pairs are on there but I have also seen online that CFDs are available, yet I can not find them?

[@TraderNick]

kzbin.info/www/bejne/Y3_Md3ywqq1rfrc&ab_channel=TraderNick Yes! Here you go. If you feel inclined, please feel free to use my signup link in the description!

[@lynardstewart524]

how would I calculate lot size on my calculator if contract size is 10 on hankotrade? Can anyone assist me on this

[@vmyster5815]

good video. thank u

[@boomboomyes75]

But to convert into a microlot of 1000 units, should the conversion be Qty / 1000?

[@christhelemaque4187]

Is it?

[@WatchEj]

Good looks my boy

[@Lukassfx2005]

okokokok understandable,now: which leverage do you got???🥰🤔🤔😎🤓

[@kores59]

Why divide by 10000 please?

[@ldelacruz22]

Thank you for this video

[@nls1809]

Is Account size including leverage? Eg. $100 account with 100:1 leverage

[@TheBlackDavidDobrik]

does this work for us30 as well

[@anonymousfeed7472]

do this work for usoil wti?

[@quincybaker4615]

Im experiencing something really odd. When ever I place the long positon stool on the chart, no matter what position I take the quantity shows in about 9-10 digits. It seem something is wrong and I don't know why its so big, compared to say a 3 digit number, and how do I use this large number to calculate lot size? Why is so large? I've also noticed it doesn't seem to matter what my risk it, it's still 9-10 digits long or longer.

[@abiruabiola5107]

Why did you not do the examples for oforeigtn pairs if your account is in a dufferent currency>

[@marwanabdopmp3288]

How can we get this sizing tool if we are using MT5, Please help?

[@sirtrevorius]

Is the 10000 a constant figure ?

[@aryan_bhatia04]

You have to divide by 100,000, not 10,000, right?

[@MovanaMotivation]

The TV position calculator doesn't give consideration to account leverage.

[@nicholasharris1891]

how do you get it on MT5?

[@josephduke4781]

does it work in futures i dont see pips or qty

[@multitask6548]

i noticed that you cant set the usd balance on minor pairs e.i pairs without usd...can you help with calculating lot size on those pairs pls

[@ADITYAG1244]

I guess it is not 0.37 lot size rather it will be 0.03 lot size...because 0.37 means 37000 quantity and not 3700 quantity... As 1 lot means 100000 contract and 0.1 means 10000 quantity and 0.01 means 1000 quantity if I m not wrong then please correct me if I am...

[@uraa7509]

U r rit, I guess they have different rules. & regulations, or I think he calculated as per mini lots (10000 units per lot)

[@heybear7271]

i thought too. should be 0.03.. have you figured it to be right? thanks

[@samuellinville8757]

so on the account size, do we add a zero? because the account size is 1000, but your putting 10,000

[@jgcdcage1]

Great video