Hi All !
The units available are calculated in this way:
Account Size: $2,000
Leverage: 50:1
[B][U]Units Available Formula & Calculation[/U][/B]
Pair: EUR/USD
[B]= [(Account Size x Leverage)/Current Price][/B]
[B]= [($2,000 x 50)/1.30094] = 76,867 units of EUR[/B]
[B][U]Another Example[/U][/B]
Pair: XAG/GBP
[B]= [(Account Size x Leverage)/Current Price XAG/GBP]/Current Price GBP/USD[/B]
[B]= [($2,000 x 50)/19.97637]/1.6105 = 3,108 units of XAG[/B]
The above part I understand. But of course, we want to risk, let’s assume, only 2% of our account balance ($20). And out stop-loss is, say, 30 pips.
Now what would be the formula to calculate position size if we have risk % of 2%, leverage of 50 and stop loss of 30 pips in both pairs above ?
Thanks for your consideration.