Position Size Calculator EUR/NOK
Using estimated rate
Calculate position size for EUR/NOK
Inputs
Calculate risk amount
$5,000 × 2% = $100
= $100
Calculate max loss per lot
30 pips × $10.00 = $300.00 per lot
= $300.00
Divide risk by loss per lot
$100 ÷ $300.00
= 0.33
When sizing EUR/NOK positions: EUR/NOK uses standard 4-decimal pricing where one pip equals 0.0001. This exotic pair has wider spreads (30-45 pips) due to lower trading volume.
Frequently Asked Questions
How do I calculate position size for EUR/NOK based on risk?
For EUR/NOK, divide your dollar risk (account × risk%) by (stop loss pips × pip value). This gives you the exact position size that risks only your specified percentage.
What risk percentage should I use for EUR/NOK trades?
Professional traders typically risk 1-2% per trade on EUR/NOK. As a exotic pair, EUR/NOK has high volatility, so adjust risk accordingly.
Can I use the same position size for all EUR/NOK trades?
No, position size should vary based on stop loss distance. Wider stops on EUR/NOK require smaller position sizes to maintain consistent risk.