Crypto to Riches Trading Education

Instrument: Select the pair you are trading
Deposit Currency: Select your account's fiat denomination
Open Price: Type the proposed trade entry price
Stop Loss Price: Type the proposed stop loss price
Account Balance: Your account balance (don't forget any partitioned capital)
Risk: 1%
Calculate lot size in MT4/MT5: Click this if you are using MT4 or MT5 or your broker uses lots. Units per 1 lot vary on each pair. Right click on a symbol and then click Specification. The Contract Size field tells you how many units are in one lot.

Hit Calculate to get your Units or Lots Trade Size.

Some brokers and platforms actually don't show you your per-pip-risk in the order screen, so you have no idea how much your position costs you. MT4 and MT5 for example, only show you how many contracts you're entering and it doesn't convert this position into your account's base currency so you have no idea how much it's actually costing you in risked margin.

There are add-on apps you can download onto MT4 and MT5 on the PC version that will give you the ability to do this, but many traders don't bother downloading apps and they just use a calculator like the one above instead.

(You see how easy it is to manipulate and part their amateur client traders from their money? Traders have no idea how much their entries are actually costing them. 1 contract? 10 lots? 0.5? No big deal, right? As long as I'm risking the same lot size every trade, then the risk is the same each time right? *buzzer sound* INSTANT -$79,000. 😂)