How to calculate standard order volume?

The tool has been installed to automatically calculate the standard order lot number according to the stoploss pip number of currency pairs. How to use the tool:
1. Determine your stoploss pip number
The difference between the entry price and the stoploss point,
Pips are counted from the 4th decimal place, meaning 1 pip = 0.0001
Currency pairs with JPY, precious metals are 2nd decimal place, meaning 1 pip = 0.01
2. Fill in the values:
Amount in account: is the amount of money currently in your account
Risk per order according to % account: that is the risk you will lose if that order is according to % account (the risk management rule is usually only 1 to 2% account)
Stop loss pips: is the number of pips you calculated in step 1.
Select currency pair: Select the currency pair you are trading, for example EURUSD, GBPUSD then select xxxUSD
Then the tool will automatically calculate the volume you will place the order, you round it to the second decimal place.

What is the risk management rule?

1. The risk for each stop loss order is only 1 or 2% of the amount in the account
2. Put the same risk on each order, no matter how solid you think it is (eg: every order is only 1%)
3. Don't break the rules just because you lose a lot or win a lot.
4. Do not stuff orders or enter new orders when the old order has not brought the stop loss to breakeven.
5. Move the stoploss point when the order has profited 1:1 or the keylevel has been formed to preserve capital or part of the profit even if the initial target is not reached.

Which exchange is reputable?

There are many fraudulent, unreliable exchanges on the market that cannot withdraw money. If you are new and do not know which exchange to choose, you can refer to Exness, IC Markets

If you invest in international stocks without transaction fees (buy and hold, not leverage), you can refer to XTB