Forex Money Management

akingdomson

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When it comes to the Forex markets I had been having some trouble with position sizing and proper risk management. However I have been working on an excel spreadsheet that helps calculate both the pips and lots size on any one trade given a set stop or specific number of lots, while keeping in mind both leverage and the "2% rule". Suggestions and critiques are welcome.
 

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  • Forex Money Managment and Position Sizing.xls
    64 KB · Views: 2,307
UPDATE: Here is an updated version that is able to calculate position sizing that is not expressed in one's own currency. It also has a macro to download Forex quotes from Yahoo Finance, however they are delayed 15 minutes.
 

Attachments

  • Forex Money Managment and Position Sizing (version 2).xls
    71.5 KB · Views: 2,297
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