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6 Ways to Calculate Lot Size in Forex Trading
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Manual Calculation
Use the formula: (Account Balance × Risk %) / (Stop Loss × Pip Value)
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Must Do:
Automate calculations with online lot size calculators for precision.
Lot Size Calculator
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Maintain consistency by using a predetermined lot size for each trade.
Fixed Lot Size
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Trade smaller positions with micro lots to manage risk effectively.
Micro Lot Forex
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Adjusting for Volatility