What is Lot Size Calculator?
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Extension summary
Effective risk management is essential for successful forex trading, and having a solid strategy in place from the outset is crucial. The Forex Lot Size Calculator extension for TradingView is designed to help traders easily implement risk management practices into their trading plans.
With this extension, you can quickly calculate the appropriate lot size or position size based on your trading plan, all within the TradingView platform. This means you can save time and avoid the hassle of switching between applications or copying and pasting currency pair values.
By using the TradingView position tool to visually mark up your trade and specifying your account balance and risk in the Inputs tab, you can easily determine your lot size for both standard and mini lot size accounts.
Not only does this extension help you streamline your trading plan in one convenient location, but it also enables you to make informed decisions that mitigate risk and maximize potential profits.
Key Features:
✓ Quickly calculate lot size/position size based on your trading plan ✓ Save time and avoid switching between applications ✓ Use the TradingView position tool to visually mark up your trade ✓ Calculate lot size for both standard and mini lot size accounts ✓ Specify your account balance and risk in the Inputs tab to make informed decisions that mitigate risk and maximize potential profits
See moreUser reviews
- Easy to use and efficient
- Works well with pairs
- Game changer for trading
- Highly recommended by users
- Issues with functionality at first
- Lack of support for certain trading pairs (e.g., NAS100, US500)
- Does not work in Incognito mode
- Gratitude towards the creator
- Effectiveness in calculating lot sizes
- Request for additional features or improvements
User reviews
Extension safety
Risk impact
Lot Size Calculator requires some sensitive permissions that could impact your browser and data security. Exercise caution before installing.
Risk likelihood
Lot Size Calculator is probably trust-worthy. Prefer other publishers if available. Exercise caution when installing this extension.
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