Your forex trainer strongly advises you should never risk more than 2% of your account per trade. You start looking at charts and find a really nice setup, but you have to hurry up before it starts going in the direction you want!! Quickly you put in $1.00 per pip and place your LONG trade hoping to hit your 150 pip gain for some nice profit. You have $500 in your account. Why did you choose $1.00 per pip? You don’t know, it sounded nice. Whoops, you should have went short because that sucker dropped like a 50 ton meteor! 100 pips and $100 loss later, you realize you just lost 20% of your account on 1 trade!
Instead of looking for a different trainer again with a better technique, get the Forex Per Pip Calculator and save yourself some stress, lots of time, and lots and lots of money. It is the BEST, QUICKEST and EASIEST way out there to determine how much money per pip to wage per trade that will give you the maximum amount of profit while not risking more money than you are willing to lose.
How it works:
– Enter your balance
– Enter the stop loss amount in pips
– Enter the spread in pips (optional)
– Enter the target area (optional)
That’s all. The Forex Per Pip Calculator gives you a chart with 10 default percentages from 0.5% to 5.0% that you can highlight with a touch of a finger or click of a mouse, and one button where you can specify your own custom percent. If you want to risk 2% of your account on this trade, then the amount next to 2% is the amount per pip you would wage on this trade. You can also choose to add spread amount and take profit results.
My trading style is scalping. I do about 2-5 trades per day when I trade, so I want to quickly enter one thing into the forex per pip calculator and get what I need to get. In the beginning of my trading day I enter my balance and spread into the forex per pip calculator. Now, when a potential trade is approaching, all I have to do is glance at the spread to make sure it isn’t much different then before, measure the stop loss distance of my trade and enter it into the forex per pip calculator. Its that quick and that easy! Get it now for only $1.99!