Sizing every trade
Position size is how you control risk. The formula:
Lot size = (Account × Risk%) ÷ (Stop in pips × Pip value)
Example: $1,000 account, risk 1% ($10), 50-pip stop. On EUR/USD (~$10/pip per lot): $10 ÷ (50 × $10) = 0.02 lots. That is it — you now risk exactly 1% no matter the trade.
Use the ShaFX Risk tool to calculate this automatically for every position.