By calculating the appropriate position size based on your account balance, risk tolerance, and stop-loss level, you can limit potential losses and protect your capital.
Proper position sizing helps you preserve your account balance during losing streaks. By controlling the percentage of your capital at risk per trade, you avoid catastrophic losses that could wipe out your trading account.
Consistency is key in trading. A position size calculator ensures that you maintain consistent risk across different trades. It eliminates guesswork and ensures that each trade is aligned with your risk management strategy.
Emotions can influence trading decisions. A position size calculator removes the emotional aspect of determining trade size. It provides objective calculations based on predetermined risk parameters, allowing you to trade with discipline and avoid impulsive decisions.
Using a position size calculator is a proactive step towards long-term profitability. By managing risk, maintaining consistency, and preserving capital, you enhance the potential for sustained success in your trading endeavours.
Risk Warning Note: Forex and CFDs are leveraged products, incur a high level of risk and may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.
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Once you have completed the steps above and started trading you can easily withdraw your profits via the Client Portal. There is no cost for a withdrawal of proceeds from a trading account. If there are no additional requirements, withdrawals can take up to three hours to be processed and up to three hours to be paid. We may require further documentation and information to process your withdrawal. Withdrawals can be withheld if you do not provide the required documentation and information. Once we receive the required documentation and information, your withdrawal can take up to 24 hours to be processed and paid. Our support staff are available via the LiveChat facility for quick assistance when you need it!
1:100 is the default for all accounts.
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