What position sizing means
Position sizing converts a planned monetary risk into an executable trade size. Instead of choosing a lot size first, define the amount of account equity you are prepared to lose if the stop is reached, then size the position around that limit.
Position size = Risk amount ÷ Loss per standard lot at the stop
Why Gold needs broker awareness
XAUUSD is commonly quoted as U.S. dollars per troy ounce, but CFD contract size, tick size and lot constraints can vary between brokers. This calculator starts with a common 100-ounce standard-lot convention and lets you override the specification without changing the calculation method.
Forex cross-currency accounts may also require a quote-to-account conversion rate; the calculator identifies and discloses the rate source used.