What is a simple formula for measuring Lot size & Volume size in Forex Trading?

Hello Forum members,
What is a standard simple easy to use formula for measuring the Lot size & Volume size in Forex Trading?

Thank you.

Godfrey

do you mean calculating not measuring cobber???

Mine is simple, Trade account multiplied by 5 divided by max No. of trades held at any one trade. For me thats also 5.

I’ll never make 20% a month using this formula but I survived round 1 using it and I am back for round 2.

Well, I don’t think there is any standard formula that I can mention. The one that works for you is the best one.

I think what you need to do is to go through Calculating Position Sizes - BabyPips.com Which will show you how to calculate the position size if the your account denomination is the same as the base & counter currency

And you can also go through
How to Calculate Your Position Size in Different Forex Pairs and Account Currencies - BabyPips.com if your account denomination is not involved in the currency pairs