From the calculation results, you can conclude:

1. SL (Pips): The recomended Stop Loss based on your rules.
2. Last: The change in your equity (in dollars and percentages).
3. Trade Target: The recomended target based on previous trading data and predetermined Money Management rules.
4. Stop Trade: The maximum loss on the next trading position.
5. Number of Lots/Position: How many lots per position should be in the next trades, based on the Money Management rules that you have set.

FAQ

What is money management?

Money management in forex trading refers to the ways you allocate your capital and risk in order to attain profits. Without having a proper money management, you could lose out all of your capital in a short time. Therefore, having a reliable system for money management is a must.

What are the five principles of money management?

1. Manage risk consistently.
2. Withdraw profit regularly.
3. Avoid moving the stop loss.
4. Don't aim too high.
5. Know the right time to modify risk/reward ratio.

What are the 3 basic steps to better money management?

1. Understand your odds.
2. Know your risk tolerance.
3. Adjust the risk management based on your tolerance and the market condition.

What are the types of money management?

1. Fixed fractional position sizing, basically The amount of risk per transaction that is based on the percentage of our capital or account balance.
2. The lot size per trade, refers to the method of setting the volume trading based on the ideal risk for each transaction. By using this position sizing, the amount of risk would remain the same regardless of the stop loss level (risk in pip) that we set.
3. Risk/reward ratio, a comparison between the risk (stop loss) and the profit target (reward), to ensure positive profitability in the long-term.
4. Volatility stop, it uses volatility instead of price action to set the risk.
5. Mind management, a way to control your emotion during the trading process. Without a good mind management, there will be no reliable implementation of money management.

Setting up all trading needs correctly before using a real account is one of the keys to a trader's success.

Why is money management important in news trading?

What's the benefit of money management?

Is money management included in your trading plan?

What is conservative money management?