Forex school part 253 Summary: Position Sizing

Summary: Position Sizing

After journeying across the globe with Newbie Ned, and through some basic position sizing examples, you're well on your way to becoming a seasoned risk manager.

Now knowing how to set the correct position sizes is only a part of what it takes to become a pro at risk management.

The other part is discipline.

Stick to your stops and pre-determined risk comfort levels and you'll be sure to have enough after your losses to take advantage of profitable opportunities.

Finally, we know that you won't always have a calculator handy or a position sizing feature included with your trading platform,you  have decided to take it upon ourselves and have built a handy-dandy position sizing calculator for you!

Bam! Aren't we cool? C'mon... Time to start a slow clap... Okay, nevermind.

Use the calculator if you need it...

Actually, use it first every single time you decide to put a trade on.

As the old adage goes, "Better be safe than sorry!"