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Hi! New Forex trader here. Trying to figure out the position size calculator.
Sep 11, 2024 at 05:42
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0 Replies
Sep 11, 2024 at 05:42
(redigerad Sep 11, 2024 at 05:43)
Hi All!
I've been practicing in a demo account for many months, entering the number of calculated units into the order ticket. But when I started looking into using
a live account, it seems the calculated units are not the correct value to enter. I wanted to enter a trade for $1000 of GBPUSD, with SL of 20. and it gives me the results
below. So I'm not understanding why it knows I only want to trade with $1000, but it's telling me to enter 500k units, which cost approximately $655,000 USD.
Super confusing, and this is the only thing stopping me from entering live trades now. The platform I'm using is TradingView.
Would much appreciate if anybody could clarify on this. Thanks!
Results
Money, USD $1,000
Units 500,000
Sizing 500,000 lots
I've been practicing in a demo account for many months, entering the number of calculated units into the order ticket. But when I started looking into using
a live account, it seems the calculated units are not the correct value to enter. I wanted to enter a trade for $1000 of GBPUSD, with SL of 20. and it gives me the results
below. So I'm not understanding why it knows I only want to trade with $1000, but it's telling me to enter 500k units, which cost approximately $655,000 USD.
Super confusing, and this is the only thing stopping me from entering live trades now. The platform I'm using is TradingView.
Would much appreciate if anybody could clarify on this. Thanks!
Results
Money, USD $1,000
Units 500,000
Sizing 500,000 lots
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