Guyssssss need help in calculating position size

Trading Discussion Risk Management Practices
1

Hello fellows, seniors, juniors, teachers, professors and everybody else I dont know yet. I am stuck with the position sizing. unable to understand how to calculate the pip value when

  1. account denomination is same to base currency
  2. account denomination is same to counter currency
  3. when you are buying 1 and 2, and
  4. when you are shorting 1 and 2.
    HELPPPPPPPPPP PLEASEEEEEEE
2

Hi @Max_Encrypted,

The pip value is the same whether you are long (buying) or short (selling) a given currency pair. We explained how to calculate the pip value in this earlier post: Pip value for 500 bucks on metatrader 4

3

Hei @FOREX.com

Thank you for the help and clarification. This concept was proving to be the hardest to grab… I wasn’t able to sort out the long and short position status while calculating pip value. Thanks again.

Best,
Max.

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4

thank you! very useful advice

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