Seems like I made a bit of a calculation mistake on this video! Please note that the tool works fine for USD currency pairs, but may not work properly for other markets/pairs. Please keep this in mind.
Great video! How about choosing a position size when using leverage? Does it really matter? Let's say I have a strategy where I have a fixed TP (20 pips) and fixed SL (40 pips) and I want to risk 1% per trade. Which leverage should I choose… and how does it impact position size? I guess, I'm missing something here..
Thanks Nick! Also check out Holistic Trader's method for an updated way to determine lot size that is now included in Trading View. It is really simple without having to multiply anything.
I gave this Video a thumbs down because he is giving bad information on calculating lot size. In his examples he shows you how to risk 15% not 1.5%. You should be dividing by 100,000 not 10,000. As beginners please understand this before you blow an account. Hope this helps!
do you have any videos showing how you trade on TV with Oanda linked? I need some more examples lol do you also have videos covering pairs offered on Oanda? I know the regular currency and foreign pairs are on there but I have also seen online that CFDs are available, yet I can not find them?
This video can be very misleading. You didn’t state for example why you divide by 10,000 not everyone uses the same leverage. Different leverage= different amount of units
49 Comments
@TraderNick
February 29, 2024 - 5:08 pmSeems like I made a bit of a calculation mistake on this video! Please note that the tool works fine for USD currency pairs, but may not work properly for other markets/pairs. Please keep this in mind.
@AlarmTrade10
February 29, 2024 - 5:08 pmNice one!
@andrewfoote8509
February 29, 2024 - 5:08 pmBest one yet, such a relief you don’t even know. I couldn’t understand lot size or how to calculate it until this video 🎉❤
@athayapr
February 29, 2024 - 5:08 pmVery well done video, Easily explained and easy to understand
@The1968zigzag
February 29, 2024 - 5:08 pmthank god i found this explanation , all the best chief
@masoud.t5691
February 29, 2024 - 5:08 pmGuys u have to devide QTY by 100000 ,not 10000. he did a mistake.
Because 1 lot =100000 units.
@aryanbhatia1125
February 29, 2024 - 5:08 pmYou have to divide by 100,000, not 10,000, right?
@codingmutant9066
February 29, 2024 - 5:08 pmuseless video i ever watched
@freesucker12345
February 29, 2024 - 5:08 pmThank You!
@wesleymedrano3826
February 29, 2024 - 5:08 pmWhy divide by 10,000?
@ninabina-rs9su
February 29, 2024 - 5:08 pmDidn’t get it
@kores59
February 29, 2024 - 5:08 pmWhy divide by 10000 please?
@kapilkambale6361
February 29, 2024 - 5:08 pmHey Nick… I want to know how leverage plays the role here.
@WhatEvilLooksLike
February 29, 2024 - 5:08 pmHow do i know how much im spending on a buy or sell? Its very confusing. Its not like bitcoin where i can enter $300 worth of bitcoin..
@tivi22
February 29, 2024 - 5:08 pmGreat video! How about choosing a position size when using leverage? Does it really matter? Let's say I have a strategy where I have a fixed TP (20 pips) and fixed SL (40 pips) and I want to risk 1% per trade. Which leverage should I choose… and how does it impact position size? I guess, I'm missing something here..
@gilly2571
February 29, 2024 - 5:08 pmThanks Nick! Also check out Holistic Trader's method for an updated way to determine lot size that is now included in Trading View. It is really simple without having to multiply anything.
@HeadTrapperpro
February 29, 2024 - 5:08 pmnot working in xauusd :/
@samuellinville8757
February 29, 2024 - 5:08 pmso on the account size, do we add a zero? because the account size is 1000, but your putting 10,000
@ukprichard5149
February 29, 2024 - 5:08 pmOne of the best yt videos I’ve watched today. This helps a lot, thanks!
@placesofparadise7547
February 29, 2024 - 5:08 pmWhy did you divide by 10,000?
@nasgaroth1
February 29, 2024 - 5:08 pmI'm counting on formula, how to count this from scratch not h
ow to use tool — so your title is f'cking missleading man, sorry…thumbs down
@GageDowney
February 29, 2024 - 5:08 pmI gave this Video a thumbs down because he is giving bad information on calculating lot size. In his examples he shows you how to risk 15% not 1.5%. You should be dividing by 100,000 not 10,000. As beginners please understand this before you blow an account. Hope this helps!
@makeupandshopping3036
February 29, 2024 - 5:08 pmHow many topic intro does an 8 min video need? 10,000
@jaimep8358
February 29, 2024 - 5:08 pmYou answered the question I was looking weeks for!! Thank you!!!
@MattDouglas_INFIN8INCREASE
February 29, 2024 - 5:08 pmdo you have any videos showing how you trade on TV with Oanda linked? I need some more examples lol
do you also have videos covering pairs offered on Oanda? I know the regular currency and foreign pairs are on there but I have also seen online that CFDs are available, yet I can not find them?
@d_zamora_95
February 29, 2024 - 5:08 pmWhy do we divide by 10,000?
@squigl3z78
February 29, 2024 - 5:08 pm.375 is high as hell for a $1000 account
@murtaza6542
February 29, 2024 - 5:08 pmWhat is the difference between these lots sizes calculated and the standard lot sizes such as 1 ,mini and micro?
How dose leverage play a rule in changing these lot size?
@haverelmink
February 29, 2024 - 5:08 pm'Scalper's toolkit – ATR Widget' by ForexStoryteller. Easy TradingView indicator that figures all of this out for you.
@arinnfc
February 29, 2024 - 5:08 pmWhat techniques did you use when you started trading? And how long have you been trading?
@murtaza6542
February 29, 2024 - 5:08 pmWhere and how do you use the lot size? Anyone can help, thanks
@christiantony2525
February 29, 2024 - 5:08 pmMy goodness thank you so much you are indeed a God sent
@winterwonderwasteland
February 29, 2024 - 5:08 pmHow do I decide to use either the long or short position?
@knutnskar6796
February 29, 2024 - 5:08 pmForex calculator (app or pc)
@IAMSAEID
February 29, 2024 - 5:08 pmWhere can i change Lot size please,
@thejouxl
February 29, 2024 - 5:08 pmWhat is the calculation for XAU or Nasdaq kinda things please?
@thejouxl
February 29, 2024 - 5:08 pmFinally someone understood the assignment. Thank you 🙂
@truthwitness8579
February 29, 2024 - 5:08 pmHey if Im doing scalping , this is a complete shit, how do you direct trade with the propper lot size like metatrader5?
@WolfGangFX
February 29, 2024 - 5:08 pmThis video can be very misleading. You didn’t state for example why you divide by 10,000 not everyone uses the same leverage. Different leverage= different amount of units
@nicholasharris1891
February 29, 2024 - 5:08 pmhow do you get it on MT5?
@boomboomyes75
February 29, 2024 - 5:08 pmBut to convert into a microlot of 1000 units, should the conversion be Qty / 1000?
@berthatwerefoo9625
February 29, 2024 - 5:08 pmThank you so much, this video was very helpful
@katlehokyro10
February 29, 2024 - 5:08 pmGreat content Nick 🔥
Does it also apply on indices
@anthonymunoz7550
February 29, 2024 - 5:08 pmThis was extremely helpful, thank you
@destinydanbeki7425
February 29, 2024 - 5:08 pmThis was the right VId I have been Hoping for thank you so much bro
@samibdh
February 29, 2024 - 5:08 pmMore confused than before now, why divided by 10000 ?
@nls1809
February 29, 2024 - 5:08 pmIs Account size including leverage? Eg. $100 account with 100:1 leverage
@JenMarco
February 29, 2024 - 5:08 pmI wish someone would make videos for people who aren’t complete beginners
@Martinler21
February 29, 2024 - 5:08 pmSaid all that but didn’t show the numbers on a different backdrop with full explanation Jesus!! Waste of time
Comments are closed.