Calculating lot value

Hello all

I would like to know how you calculate lot value to any given currency.


For example, what would the formula be for:

Mini account
$1000 capital
total lot value i want to risk (or 5%) $50.

thanks

You also need to know stop-loss value, account currency and currency pair to calculate the lot value. Please see this recent threads as this question was answered numerous times:
http://www.forexfactory.com/showthread.php?t=393236
http://www.forexfactory.com/showthread.php?t=395809

Also http://www.babypips.com/school/calcu...ion-sizes.html

Ffactory should seriously post stickies on these threads..so that newbies can check out the info and FYI, we would have less of the repeat and rinse action taking place..
To the poster, please review the earlier posts and the links..