Hi All
I have been trading a system for a while using a Spread betting company where I decide the value of a pip, and if I win a get that amount times the number of pips. Simple calculation.
I now have started to use a Forex dealing account with FXDD and have no idea how to calculate the size of position that I should trade for a given risk. I am using a mini account.
Any ideas of how to help? Ideally I am looking for an easy Excel spreadsheet to do the math on.
Mister ED
I have been trading a system for a while using a Spread betting company where I decide the value of a pip, and if I win a get that amount times the number of pips. Simple calculation.
I now have started to use a Forex dealing account with FXDD and have no idea how to calculate the size of position that I should trade for a given risk. I am using a mini account.
Any ideas of how to help? Ideally I am looking for an easy Excel spreadsheet to do the math on.
Mister ED