What is a Forex Position Size Calculator?
A forex position size and risk calculator enables you to easily calculate the suggested lot sizes based on variables that are unique to you, including your account equity, risk percentage and the stop loss that you have chosen.
Need a More Advanced Lot Size Calculator? Discover Magic Keys
Magic Keys is a trading tool designed to enhance risk management and trading efficiency. It is now compatible with both Mac and Windows operating systems and works with cTrader and Metatrader platforms. The tool is trusted by over 42,000 customers and offers features like automatic lot size calculations, easy trade exiting, and automatic trade management settings, which include setting break-even points and partial take-outs.
The Magic Keys tool includes a “trading limits” feature to prevent overtrading by displaying daily trading limitations. It also provides performance statistics for individual instruments, helping traders assess risks before placing trades.
Magic Keys V3, the latest version, features a CNC machined aluminum case with backlit keys for night time trading and a new chip for improved connectivity. The product is available in both physical and digital versions and comes with free worldwide shipping, secure payment options, and a one-year warranty on defective products.
The device aims to maximize profits through compounding, improve trading performance by managing emotions, and increase efficiency by focusing on trading rather than manual operations. It also supports planning and automating trades based on specific risk parameters and price triggers.
- Compatibility and Support: Magic Keys is compatible with Mac and Windows, and supports cTrader and Metatrader platforms, enhancing its accessibility and usability for traders.
- Risk Management: Features automatic lot size calculations and trade management settings that allow users to manage risks efficiently with just a few clicks.
- Trading Efficiency: Includes tools for easy exiting of trades and automated trade adjustments like moving stop-loss and take-profit settings.
- Physical and Digital Versions: Offers a durable CNC machined aluminum case with backlit keys for the physical version, and a digital version for on-screen use.
- Support and Warranty: Provides free worldwide shipping, secure payment options, and a one-year warranty, along with customer support and technical assistance.
