What does a position size calculator do?

It estimates lots, units and money at risk from account balance, risk, entry price and stop loss distance.

Can I use this as a forex pip calculator?

Yes. For forex pairs the calculator uses pip distance to estimate lot size, units and money at risk. You can move the pip-distance slider or type entry and stop loss prices.

Free Forex Position Size Calculator, Pip and Lot Size Calculator

Free forex position size calculator and pip calculator for traders. Calculate lot size, units, money at risk and stop loss distance for forex pairs, gold, indices and crypto before opening a trade.

Use it for EUR/USD, GBP/USD, USD/JPY, XAUUSD, NAS100, US100, US30, crypto and broker-specific symbols. Search a pair, enter account balance, risk, entry price and stop loss distance to estimate position size.

Educational tool only. Not financial advice, not investment recommendations and not buy/sell signals.