I should double check that if I were you.
I am not aware of any broker that has 1 contract to be any thing other than the unit cost.
If it is, then my calculations will not be any good.
Your calculations is still good. I just adjust for the contract size.
I asked for help with a real live example for me to understand the calculations. Not for a sum to copy and paste.
Thanks again with that.
I'm about as new here as one can be. Both to trading and to this forum and is my first post here.
Hoping I can get a answer to a question. Google hasn't been able to help.
I want to know how can I calculate my lot size for opening a trade on NAS100.
Is there a known formula? For forex pairs it's quite easy. But I can't find the same info for NAS100.
Example. I want to open a sell order on NAS100. I have $50000 in my account. I want to risk 10% ($10000). My stoploss is 200 pips.
How can I calculate the lot size from that?
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