Hello
If I want to asses to a trade a given $ risk in my denomination, how do I calculate the # of unit to sell or buy
My account is in CAD
My risk per trade 100$
How many units of CHF.JPY should I apply If
entry is 107.745
Stop: 107.500
Risk = 0.245
I'm not looking for the number, but for an explication of the formula
I need to modify my Excel calculation because I was not taking care of the risk in my denomination ( Canadian dollars)
Any help appreciated
Martin
If I want to asses to a trade a given $ risk in my denomination, how do I calculate the # of unit to sell or buy
My account is in CAD
My risk per trade 100$
How many units of CHF.JPY should I apply If
entry is 107.745
Stop: 107.500
Risk = 0.245
I'm not looking for the number, but for an explication of the formula
I need to modify my Excel calculation because I was not taking care of the risk in my denomination ( Canadian dollars)
Any help appreciated
Martin