Important Notes on Forex Lot Size:

• Risk Management: Always determine your risk tolerance (e.g., 1-2% of account balance) before trading. This calculator helps you align your position size with that risk.
• Pip Value: The value of a pip changes based on the currency pair and your account currency. The calculator automatically handles common scenarios.
• Decimal Places: Currency pairs like JPY pairs are typically quoted with 2 decimal places (e.g., USD/JPY 150.50), while most others have 4 (e.g., EUR/USD 1.0850). Ensure your entry and stop-loss inputs reflect this for accurate pip calculation.
• Broker Specifics: Pip values can sometimes vary slightly between brokers. Always double-check your broker's specifics.
• Leverage: While lot size determines your exposure, leverage allows you to control a larger position with a smaller amount of capital (margin). This calculator focuses on risk-based position sizing, not margin.