Exchange Rate

To understand the cost of a given Forex position, you must first identify the exchange rate of the currency pair you wish to trade. The amount of money you need to make the trade depends, in part, on this number. In any Forex platform, identify the currency pair of interest and its current rate. Use a Forex rate website if you do not yet have a brokerage account.

Leverage

Trade Size

Finally, to calculate the actual capital required to make a given Forex trade, you must consider how many Forex units you will purchase. This is the number of lots you buy times the number of units in each lot, which varies depending on your brokerage account. For example, a standard Forex account contains 100,000 units of a Forex currency pair in a single lot. A micro Forex account contains only 1,000 units in a lot. If you trade three lots in a micro account, your trade size is 3,000 units.

Calculate Capital Requirement

References

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