Our online calculators allow clients to make accurate assessments at the right time to make the most out of their trades. The all-in-one calculator, the currency converter, the pip value calculator, the margin calculator and the swaps calculator are available to help you evaluate your risk and monitor profit or loss for each trade you carry out. The leverage calculator will calculate the required leverage to open your trading position based on your account currency, the traded currency pair and trade size. To use the position size calculator, enter the currency pair you are trading, your account size, and the percentage of your account you wish to risk.
No matter where you live, getting started as a retail forex trader is relatively easy if you have some risk capital, but trading currencies successfully requires considerably more than that. You’ll need to develop considerable market knowledge, a viable trading strategy within an overall trade plan, the discipline to stick to your strategy and the emotional resilience to bounce back from losing trades. Enhance your trading experience with the accurate Forex Profit Calculator and find out how much profit a trading position can yield. Easily calculate profits, or losses, the value in money and pips for trading position by using live market data, trade direction and the number of lots traded.
Zero risk.
Another vital tool for experienced, or novice traders, this calculator is essential for managing your risk per trade and monitoring your overall exposure into the market. Neither FOREX.com nor its affiliates will be held responsible for the reliability or accuracy of this data. The service is provided in good faith; however, there are no explicit or implicit warranties of accuracy.
I really like the idea of the app and it does what they says it should do but, as an active FX trader, there are some things that should be improved for the app to be truly effective.1. The main thing is that there should be a way to select and store favorite pairs so they can be easily accessed instead of having to select each base and/or quote currency every time.2. Since most people set stop-loss and take-profit based on price action, the input for the stop-loss/take-profit calculation should be in pips and not $ amount. There should also be the option to input price levels and determine the stop-loss/take-profit in pips and $.
Forex calculators
Evaluate your risk and monitor profit or loss for each trade you carry out with ease. The values are calculated using current market prices, and they’re updated in real time to give you an accurate result. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
This simple tool will aid traders, particularly novice traders, in calculating their pips per trade. In addition to the standard pip, most forex brokers also offer ‘fractional pip pricing’ by adding an extra fifth decimal place to their quotes. As well as enabling tighter spreads, these can give you a better understanding of a currency price’s movements. Pips are how you measure movement in a currency pair, standing for ‘point in percentage’. Our margin calculator helps you calculate the margin needed to open and hold positions. Learn how forex brokers make money and manage the risk on the other side of your trades.
How to calculate the margin?
The information below will help you decipher and analyze the data received from the calculator (spread, pips, margin, swaps) based on the selected trading instruments. Trade smart with the Pip Value Calculator to accurately calculate the pip value for forex pairs, metals, energy, indices, crypto currencies, and much more. This calculator converts live market data, account base currency, lot size and traded pair into figures that are extremely useful for any Forex trader. Below are several forex calculators to help you make smarter trading decisions in forex trading.
- Find out how much Cashback you can earn based on your Forex rebate and trading activity.
- You can use the position size output of this indicator to open trades manually in the same or in some other platform.
- Calculator’s display options and a number of default options are set via standard MetaTrader inputs.
Especially for traders who take the time to learn the forex market and understand currency trading. If you plan on meeting those requirements, then you have a decent shot at being profitable as a forex trader. If you don’t, then you can still participate in the foreign exchange market by opening an account at an online broker that supports social trading and copying a successful trader’s transactions. To begin finding a suitable broker, some of the best and most reputable online forex brokers are listed in the table below that all offer excellent services to retail forex traders. The trading calculator calculates the required margin for each of your trades. You can easily figure out how much money you need to open a position and thus build an effective trading strategy.
How to use the RoboForex calculator?
75.2% of retail investor accounts lose money when trading CFDs with this provider. You can probably open an account with an online forex trading calculator forex broker no matter where you live. Just look for one that meets your requirements as a trader and will accept you as a client.
Complete registration, Log in to your
Client Area and upload the required documents. To do this, left-click it in the list of indicators in MetaTrader’s Navigator window and press Enter. Minimizing the panel in one click makes it completely non-obtrusive and allows trader to easily see the entire chart.
Our position sizing calculator will suggest position sizes based on the information you provide. The Position Size Calculator will calculate the required position size based on your currency pair, risk level (either in terms of percentage or money) and the stop loss in pips. Below you will find several forex calculators to help you make trading decisions during your forex trading. Values are calculated in real-time with current market prices to provide you with an accurate result.
Find out how much Cashback you can earn based on your Forex rebate and trading activity. Use proper risk management by calculating your risk with just a few clicks.
Forex Compounding Calculator
The PaxForex Calculator will be useful to forex traders when they want to calculate the on-line cost of a pip, lot size and spread costs depending on the overall size of the leverage. The big advantage of this trader’s calculator is that all options are already included in the software. Making a transaction with variable parameters, required data is calculated automatically, quickly and without errors. Now that you have a live trading account at a reputable online broker you should plan on developing a base currency trading strategy to boost your chances of success in the forex market. One or more strategies could suit your personality and level of market expertise and the general strategy types discussed below are in common use among retail forex traders.
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Convert with accuracy several base currencies, cryptocurrencies, Gold and Silver to any currency you need. With our all-in-one calculator you can calculate the required margin, pip value and swaps. Margin trading — also known as buying on margin — is the practice of borrowing money from your broker to open a larger position than you could with your own capital. Instead, you only need to pay a percentage of the position, which is called margin, and the broker lends the rest of the money. Proper position sizing is key to managing risk and to avoid blowing out your account on a single trade. “Forex trading is all about having an edge in the game and knowing the mathematical probability behind each trade”.