Glossary
Stop loss
The price at which you accept you were wrong. Decide it before you enter: it is the only number that turns a lot size into a known loss.
ExampleA 50-pip stop on 0.10 lot of EUR/USD is a $50 loss. Not more.
Lot size calculatorStop loss
The price at which you accept you were wrong. Decide it before you enter: it is the only number that turns a lot size into a known loss.
ExampleA 50-pip stop on 0.10 lot of EUR/USD is a $50 loss. Not more.
Lot size calculator