Free trading tools: calculate the risk before the trade.
Position size, risk of ruin, prop firm rules, market sessions, an economic calendar and Deriv contract research, in one searchable place. No account required.
Tools/Risk & sizing/Position size
Position Size Calculator
Size a gold, forex or crypto position from the cash you are willing to lose at the stop. Gold is selected by default.
Priced in US dollars, so no conversion is needed.
Position size
0.20 lots
Cash risk
$100.00
Risk after rounding
$100.00
Pip value per standard lot
$10.00
Stop in pips and points
50 pips, 500 points
XAUUSD: 1 pip is a 0.1 price move (10 points of 0.01), and a standard lot is 100 oz. Account currency is assumed to be USD.
Brokers can use a different contract size, especially for metals and crypto. Check your broker's contract specification and round down to its lot step before placing an order.
Not sure which automation suits you?
Answer four quick questions and we will suggest where to start, with the reasons.
These tools provide mathematical estimates and planning aids, not financial advice or guarantees. Broker specifications, prices, regulations, and prop-firm rules can change. Verify the relevant official source before risking money.