# EURUSD Lot Size Calculator – Calculate Position Size

Sep 18, 2023Forex Calculator

EURUSD Lot Size Calculator is a calculator in Forex that gives you a value of a lot you open with a trade defined by you with the acceptable risk and trading account size.

Read more: What is Lot Size

This means you can define how much money you are willing to risk per trade. And to do that you define risk which is the number of pips also known as Stop Loss.

This calculator helps you easily define what volume you need to enter into the window for Volume when you want to open new trade.

## EURUSD Lot Size Calculator

EURUSD Lot size calculator have several fields that needs to be entered in order to calculate lot size:

• Instrument
• Deposit Currency
• Stop Loss
• in pips or in money
• Account Balance

These fields you need to enter to calculate lot size.

When you do that you get the result as:

• Lot size
• the lot size you need to enter into the Volume field inside new order window
• Money at Risk
• How much money you are risking with the lot size calculated

### Position Size Calculator

EURUSD position size calculator is also called lot size calculator because position or lot is the same. Lot defines how many units of base currency you will use and position tells you how large the volume you will use.

When you use volume and number of units into the calculation it is the same variable we are talking about.

So when calculating the EURUSD lot size of a trade you are calculating EURUSD position size.

### How to Use Lot Size Calculator

In this example you can see that I have defined all variables inside lot size calculator:

• Instrument: EURUSD
• Deposit Currency: USD
• Stop Loss (pips): 200
• Account Balance: 10,000
• EURUSD 1 Pip Size: 0.0001
• Risk: 2%
• Contract size(Units per Lot): 100,000

These are variables that you need to define:

• Instrument: EURUSD
• Deposit Currency: USD
• Stop Loss (pips): 200
• Account Balance: 10,000
• Risk: 2%

The EURUSD 1 pip size and contract size is already defined by the Forex instrument.

#### Calculate Lot Size for EURUSD

The Lot size calculator takes these values and first calculates the Lot size needed to be used in order to get risk to 2%.

Risk = 2% out of \$10,000 = \$200

Stop Loss = 200 pips

Pip value = \$10 per 1 lot

Stop Loss in \$ = 200 pips x \$10 = \$2000 per 1 lot

Now, we have a \$2000 stop loss if we use 1 lot. But, in order to get to 200 which is 2% risk as I have defined I need to divide Stop Loss with 10. That means I need to use Lot size 10x less that it is used in calculations and that was 1 lot.

Lot size = 1 lot = \$10/pip -> 1 lot / 10 = 0.1 lot

Lot size = 0.1 lot = \$1/pip

Stop Loss in \$ = 200 pips x \$1 = \$200 per 0.1 lot

This is how we have lot size calculated in this example.

When you have Lot size = 0.1 this is easily converted to the number of units.

1 Lot = 100,000 units of base currency.

0.1 lot = 10,000

And this is how we got the number of units for the 0.1 lot.

## Conclusion

EURUSD lot size calculator or EURUSD position size calculator are the same calculators in Forex trading.

Lot size calculator gives you needed lot size to open an order defined by the risk and stop loss level. As an additional result you get what is the lot size in the number of units and what is money at risk.

This is one of the best tools in trading you will need because proper risk management is very crucial in trading.

Learning Forex basics terms is very important to understand the basics so you do not end up making mistakes at the very first beginning.

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#### Frano Grgić

A Forex trader since 2009. I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners. Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg... GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis.

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