All language subtitles for FXCodeNameChibiuzin - 7

to stick to that risk reward
strategy. As you can see here.

you're going to choose based on
your risk tolerance and based

be putting on per movement
without oversizing and without

about actually finding that
sweet spot percentage to risk

per trade okay you need to make
sure you keep the risk the same

confidently go and position
size your movements and prepare

your position sizes to enter
trades successfully and always

for this video now you know how
to go and find the right

undersizing. So thank you for
watching. Hopefully now you can

we've spoken about help you to
decide that risk percent that

on every movement the next
video is going to run through

on logic and you know the
logical safe level of risk to

all of that kind of stuff
really just pull together what

okay on each trade that you
take in the next video we're

and confidently risk the same
percentage on each movement

going to talk about risk
parameters we're going to talk

position size for your
movements you can go away now

switch this over in the
settings from lots to units

from units to lots sorry cool
so that is pretty much it then

lots not units but if it's not
that's all you need to do

list with lots more currencies
in. Um and then you can go

normally it will be in lots not
units I think it is default in

and then it tells you which
position size to use okay

it will take you over to select
your currency pair. So you

ahead check results and it will
provide you with the results

sheet here showing your stop
loss, your unit, your risk

amount and you stop loss pips
and the risk percentage as well

select your currency pair
there. There is a drop down

you're going for. You type in
your stop loss in pits and then

your account balance. You type
in the risk percentage that

So you can choose your account
based currency. You type in

Frank, Euro, pound, yen, New
Zealand dollar and US dollar.

position sized calculator on
the app. I don't think it does.

never should have to rush into
a trade to the point that you

of human error. Okay, I've
never had a problem using these

add one. They're also going to
just make the whole process

of different currencies,
Australian, Canadian, Swiss

Stenu app okay. I think this is
a brilliant app for mobile

normally use this on desktop.
But what you can use is the

Okay you can choose your
currency out of the same list

mobile trading okay. We've got
some images here. I can't

should be you know readily pre
planned in every aspect. So you

or undersize your trade by 10
times if you miss off a zero or

on the go quite a lot as well.
Um and for that you're probably

calculator be at the MyFX book
one or one of the different

essentially works the same.
Type in your account balance.

really show you on a computer
because we're on a desktop but

probably will you are covered
there account size you can type

It might do but I don't really
use the app too much. Uh I

going to want a mobile
application rather than a web

ones and you should have no
problems, okay? It takes just a

lot of you are going to be
trading on the go. I do trade

couple of minutes before you
take each trade. The trade

very useful we've got different
currency pairs on an Aussie

don't have the two minutes to
go and work out your position

app. Um and to be honest I'm
not sure if the MyFX book has a

point zero six. So, this is
very effective tool choosing

here and we've used that
calculator to easily quickly

specific movement so these
position size calculators are

use these calculators. They're
going to remove the possibility

size. So that is the process.
Mobile application. I know a

this movement and I'm risking
2% on this movement right and

you have your account in any of
these currencies which you

So that is what I recommend
doing. Just use a positions ads

and that will risk the $20 in
that 45pit movement okay so

each movement forty stop loss
here forty-five pip stop loss

Canadian dollar Swiss Frank
Euro Great British pound

000 poundsaccount. We're
trading the same trade with the

in anything so say we're
going to be trading with a 45,

and I've used them for years.
They're going to remove the

two percent risk and a
forty-five pip stock loss but

amount okay I'm risking 2% on
this movement I'm risking 2% on

easier and remove any maths
that you have to do yourself.

position sizes and I completely
just recommend cutting out any

size and that will be the size
of the position that we take

problem of human error where
you may accidentally oversize

and we are putting on three
point six lots instead of zero

profit level okay so stop loss
level take profit level and

with calculators. That is the
first thing to remember. My FX

Japanese yen New Zealand dollar
and the US dollar okay so if

there we have two trades GBP
USD and GBP AUD $20 risk on

idea of making formulas, any
idea of doing any maths. Just

this lot size and then we will
activate the trade at that lot

mentioned we will be looking to
risk the same percent on every

and this time we are looking
for GBP AUD so if we select GBP

and we will type in at trade
levels as stop loss level take

your position sizes for each
movement okay so as we've

book is the calculator that I
use personally for choosing

size 0. 06 so we will then go
on letter trader or C trader

we will be risking a 0. 06
lots. okay that is our position

and effectively work out the
right position size for the

in this instance, the risk on
this movement is nine 00 pounds

trade so for every movement we
take I'm risking the same

we need to prepare the position
size okay so we've got our $1,

000 account we've got 2% risk
as usual 45 pip stop loss okay

whatever we're using probably
trade it if you're following me

this movement at $20 risk if
the profit comes through okay

reward of 4. 345 pip stop loss
on this movement which is all

position here we are looking to
trade 0. 05 that will be the

it and run it up and then if we
were to win right we've got $20

AUD we can see there on this
pair we will be risking $20 and

don't really need to use and
the lots okay and the lot size

calculate we get this
information here this results

we would go ahead and activate
this trade at 0. 05 lots enter

correct position size for our
risk on this movement so then

position size right there where
it says lots because inside of

times 2. 95 so essentially
looking to make around $60 on

can be seen there at the bottom
so a 40 pips stop loss there

that we've decided right we're
typing 40. then if we select

example big long list but
you'll find it and then we can

our metatrader we know that we
take we take trades in lots

from 0. 01 up to you know 100
lots, but on this position

that is essentially the whole
process. So we make it easier

risk 2% on this movement. So we
put two in there and our risk

more example on GBP AED just to
get you comfortable with it I'm

USD movement we can see we have
a 40 pips stop loss okay that

risking 20 US dollars okay and
it tells us the units which we

risk on this movement at 2. 95
so, then we are looking at $20

for this movement would be a 0.
05 okay so that is actually the

information at the bottom so it
shows us we're going to be

so that is how we actually go
about this process we'll do one

we're going to risk two
percent. Okay we're going to

the right currency pair from
the list GBP USD in this

we've spoken about we're
going to talk about that a bit

risk management parameters and
rules. But for now let's say

looking to risk 20 dollars. So
next then stop loss on this GBP

looking for this movement on GA
this one very exceptional risk

more in the next video when we
talk about trade parameters,

the risk strategy is always
risking that same percentage as

ratio then is 2% of our 1000
account. So we're actually

we're going to risk on this
trade okay you can you can do

example then let's say we are
using a 1000 USD account okay

the USD setting okay and now
we've got it prepped up for a

calculators on the web this is
the one I choose to use fast

1000 USD account next off we
are going to choose how much

exactly how you use one of
these calculators and exactly

run through for our GBP USD
trade then and I'll show you

calculator I think it makes it
way easier and the calculator

see the URL up here as well but
This is a a myFX book position

percentage or you can do money
okay personally though part of

that I use and the one we're
going to talk about is the my

search that into Google you'll
find it exactly there you can

into maths like myself so I
personally choose to use a

FX book position size
calculator okay so if you

maths it just makes the process
less enjoyable more confusing

that we're going to need as
well so we'll do a hypothetical

size for your position that
you're going in for so in

how you find the right risk
percent and the right trade

so what we would type in here
is 1, 000 make sure we're on

size calculator okay there are
lots of position size

effective easy to use and it
includes all the currency pairs

and a bit more difficult as
well especially if you're not

let a calculator do it it does
it for you and it's nice and

easy if you're using formulas
as well it's it's going to be

using maths okay you're
going to be using physical

going to cheat a little bit
people use formulas but

position size okay so to find
the position size we're

it out yourself every time you
can get the maths wrong if you

stop loss and we know our
account balance because of

GBP USD at 40 pip okay and when
we know that we've got 40 pips

these this one has a 40 pips
stop loss and that is what we

need okay that's the
information we need so we've

formulas can be wrong the
reason being if you are working

plotted as stop loss level this
let's look at this one first

there then we can actually find
the correct position size for

course we will all have
individual count balances from

the movement and then look to
take this thing based on that

okay and we got take profit of
192 pips so on the risk of

you can see I have my trades
marked out as we've spoken

4. 2 GBP USD 1 to 2. 95 so very
nice risk reward on both of

about in previous videos we
have a stop loss of 4-5 pips

we're looking at. So here on
the charting software we've got

just finished up gold and now
we're moving on to GBP USD and

a couple of trades that I'm
actually in right now. Um we've

GBP AUD okay these are the
trades that I'm looking at. As

reward side of this we're
looking at risk reward of 1to

finding the right position size
for the specific setup that

Um and that is all for now and
I'll see you in the next video.

preparing position sizes okay
for our trades and actually

video I'm going to actually
show you some live examples of

How we doing everyone and
welcome back to the position

sizing section of the risk
management course. So in this