Risk Calculator NZD/CAD
Adds spread to your stop loss distance for more conservative sizing
Using estimated rate
Calculate risk for NZD/CAD
Inputs
Calculate maximum risk
$25,000 × 1.5%
= $375.00
Calculate safe lot size
$375.00 ÷ (40 × $10.00)
= 0.94 lots
When assessing NZD/CAD risk: NZD/CAD uses standard 4-decimal pricing where one pip equals 0.0001. This cross pair has typical spreads of 3.0-4.0 pips with good liquidity.
Frequently Asked Questions
How much can I lose per pip trading NZD/CAD?
Your loss per pip on NZD/CAD equals your lot size × pip value. For 1 standard lot (100,000 units), each pip movement equals approximately $10 for USD-quoted pairs.
What is a safe stop loss distance for NZD/CAD?
Stop loss distance for NZD/CAD depends on market structure and volatility. As a minor pair, NZD/CAD typically sees daily ranges that should inform your stop placement.
How do I limit risk when trading NZD/CAD?
Limit NZD/CAD risk by: 1) Using proper position sizing (1-2% per trade), 2) Always setting stop losses, 3) Avoiding trading during high-impact news affecting NZD or CAD.