Hi All, so I am demo trading using SaxotraderPRO, I have a question regarding the amount of units to take on a position. I have calculated my pip value from between my stop loss and entry point. Say for example my pip value is $7. How do I know what position size in units to take as the platform I am using does not tell me my pip value on the order form when entering the order size? I want to make sure I am not oversizing my order or under cutting myself. Thanks!
Hi Dart89,
I’m surprised your brokers platform does not calculate this. Try BP’s Pip value Calculator
Hope this helps.
Matty