Money management practices are one of the most important aspects of futures and currency trading. With the amount of leverage available, it is very easy to trade “To big for your account”. This position sizing calculator will help you quickly find out how many contracts you can trade of any given instrument based on your account size and a standard 1% risk per trade. Below is also a chart comparing the Full Currency Futures contracts vs. Micro Currency Futures contracts
Play with the variables to adjust between full and micro contracts
1. Put in an account size
2. Adjust you risk percentage (standard is 1%)
3. Adjust your stop loss in pips or ticks
4. Add the value per pip or tick
Equals, the amount of contracts you can trade
Also check out this video on the position sizing tool in TradingView.