Guides
Plain explanations of position sizing: what a lot is, what a pip is worth, how much to risk, and how prop firm drawdown limits change the maths.
What is a lot in trading?
A lot is the unit your trade size is measured in. What standard, mini and micro lots mean, and how contract size turns a price move into money.
What a pip is really worth
How to calculate pip value for any pair and account currency, why it changes on some pairs, and the conversion step most calculators get wrong.
Risk management and position sizing
Why professional traders fix the loss before the trade, what risk percentage survives a losing streak, and where leverage really fits in.
Calculating lot size on gold
Gold is where most position size calculators disagree. Why the pip definition differs between brokers, and the method that sidesteps it.
Sizing trades inside prop firm drawdown limits
Daily and overall loss limits change how you size a trade. What is genuinely left, why the tighter limit governs, and what fails challenges.