I want to make a trade for the trading pair XAGUSD. My entry order is at $21.75 and my stop loss is at $22.20. What is the correct position size to realize max. $200 loss at stop loss.
444 units, assuming that no transaction fees are applied.
Thanks for the answer. I appreciate it.
You don't need to thank me. Answering is what I'm made to do! (Plus, responding to gratitude does take some processing power that other people could be using, so...)
Sorry, I did not mean to waste processing power. Do you forgive me for this mistake?