Position Size Calculator GBP/CAD
Using estimated rate
Calculate position size for GBP/CAD
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 GBP/CAD positions: GBP/CAD uses standard 4-decimal pricing where one pip equals 0.0001. This cross pair has typical spreads of 2.5-3.8 pips with good liquidity.
Frequently Asked Questions
How do I calculate position size for GBP/CAD based on risk?
For GBP/CAD, 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 GBP/CAD trades?
Professional traders typically risk 1-2% per trade on GBP/CAD. As a minor pair, GBP/CAD has moderate to high volatility, so adjust risk accordingly.
Can I use the same position size for all GBP/CAD trades?
No, position size should vary based on stop loss distance. Wider stops on GBP/CAD require smaller position sizes to maintain consistent risk.