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Trading Risk Calculator

Written by Hugh, on June 22nd, 2009

Here is a very simple Excel spreadsheet that you can use to figure out how much you want to risk per trade.  I keep it open as a quick reference because sometimes I get so caught up in getting a good trade entry, I risk too much or not enough.

Trading Risk Calculator




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This post was written by . His goal is to become a professional trader.

2 comments to Trading Risk Calculator

  • justin white
    June 22, 2009 at 12:47 pm

    Do you still use Oanda as your broker? If so what do you think about Oanda good/bad, etc…

    thanks

    • Hugh
      June 22, 2009 at 1:43 pm

      Yeah, I’m still with Oanda. I still really like them. Fills have been good and the platform is fast. The part I like best about them is that you can tailor your lot sizes to meet your risk parameters. Along those same lines, even though you entered with one 1,000 unit lot, you can still take of 500 units. With other brokers it’s all or nothing.

      I also like the fact that you can trade from any internet browser, esp helpful on mobile phones. A good backup in a pinch.

      Bad…their charting sucks but you can use a free demo from Alpari on MT4 for better charting, the price feeds are very similar. The reports are OK but you can tell they weren’t designed by traders.

      Other than that, I would recommend them highly.