How To Easily Calculate Lot Size For BTCUSD, ETHUSD And Other Crypto Pairs On Bitcoin Accounts
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Calculating lot size on a Bitcoin funded account can be challenging.
Luckily, I’ve found an easy way to calculate lot size for Bitcoin accounts.
The process is simple.
Using This Position Size And Risk Calculator To Calculate Proper Lot Size On Crypto Pairs
Step 1: Choose the currency pair you are going to trade, for example BTCUSD, ETHUSD, LTCUSD, etc.
Step 2: Choose the Deposit Currency of your account: BTC for Bitcoin
Step 3: I like to use Stop Loss In Pips. So, if Stop Loss Price is showing, hover over Stop Loss Price and click “Switch to stop loss in pips. Now fill in the Stop Loss In Pips value.
Step 4: Fill in the account balance IN BITCOIN.
IMPORTANT: Many brokers use Bits or MBT as the unit of Bitcoin for the account. If this is the case, you must first change the Bits or MBT value into the Bitcoin value. You can easily do the conversion here: https://bitsusd.com/
Step 5: Enter the risk percentage.
Step 6: Determine lot size by Units.
Calculate Lot Size By Units
Different brokers may use different Lot Size to Units calculations, so I recommend getting a demo account funded in Bitcoin (Bits or MBT) and testing the calculations out for yourself on the broker you plan to use. (Do the calculations as above and make sure the amount risked on the trade equals the amount risked calculated above the denomination your broker is using, Bits or MBT).
This is how it works out for the broker I am using:
BTCUSD: Don’t move the decimal point. (If the calculator says 0.11 – use 0.11 lots)
ETHUSD: Move the decimal point 1 space to the left (If the calculator says 0.56 – use 0.05 lots)
LTCUSD: Move the decimal point 2 spaces to the left (If the calculator says 23.56 – use 0.23 lots)
The Broker I Use To Trade BTCUSD & ETHUSD
This is my pick for trading Cryptocurrency like the BTCUSD and ETHUSD currency pairs. Excellent trading conditions and 24/7 trading is the best environment for profiting from the Crypto market.
- Tight spreads
- Fast Order Execution
- Cryptocurrency Trading 24/7
- Trade Copying Through CopyFX
- Not all countries are eligible
Interested In Getting Bitcoin Signals Sent Straight To Your Inbox Once A Trading Day And Duplicating My Success?
The Bitcoin market produces moves with extraordinary profit potential. Now you can tap into those profits by trading the BTCUSD currency pair.
Just do what I do once a day.
Trading the BTCUSD and ETHUSD currency pairs can be extremely profitable. As a matter of fact, this is turning out to be one of the most profitable ways of trading in my wealth creation arsenal.
And not that you know how to calculate lot size for BTCUSD and ETHUSD currency pairs for Bitcoin accounts, you can trade these high profit potential currency pairs to increase your Bitcoin holdings as well.
To Your Wealth,
Edward Lomax