lot size strategy spread

Hi traders, Finally, something I can contribute. I took some time off trading and prepared this, when in actual fact, this should be one of the first things I focused on. Follow the steps: First, enter your equity. Second, enter the percentage you are willing to risk. Lastly, enter the number...

Hey guys, Could someone please give me a quick, simple explanation (no lengthy outside links please!) on how lot sizes work? I always seem to get myself confused every time I want to trade, and the lot sizing concept actually discouraged me to get my feet wet a long time ago, though I am very...