Forex Calculator is a practical tool that will be useful for both beginners and professionals in the financial markets.
Using the Trading Calculator, traders can calculate the parameters of transactions, choose the most effective trading strategies, and make optimal decisions even before the transaction is opened.
The trader’s calculator is designed to calculate the main parameters of the instruments like contract size, margin, pip value, swap amounts. The calculator also shows online spreads and limit and stop levels for all instruments.
Advantages of Forex Calculator
The calculator does not make mistakes and makes calculations with mathematical precision.
In just a second, it will produce a result. This is especially important when you need to decide whether to open or close a deal.
Types of Forex Calculators
Among Forex calculators, there is a sub-division of calculators. Here are some of them:
Pip Calculator
The Pip calculator helps in calculating the value of pips in your preferred currency. This comes in handy when you don’t know if a trade is worth the risk.
How to use it?
Select your currency account then choose a trading pair. After that, select, your trade size and pip calculator will display the pip value.
Margin Calculator
A margin calculator calculates how much margin will be required to open a trading position you want. It determines the lot size and leverage so that you don’t exceed your trading balance.
How to use it?
Select your currency account. Set your leverage ratio and pick your currency pair, and leave the rest to the Margin calculator.
Currency Converter
An online calculator is an easy and convenient way to calculate the required amount in the required currency. You only need to set the amount, and also choose from which currency to which you want to convert.
The currency converter will calculate the rest for you. This calculator is an indispensable tool for foreign trips and the frequent use of daily exchange rates of different countries.
Swaps Calculator
A swap/rollover is charged if the transaction remains open during the night until the next day. Forex swap is a difference in interest rates between the two currencies of a traded pair. Its calculation depends on whether your position is long or short. The swap calculator is used to calculate the swap if the position does not close before the morning of the next day.
How to use it?
Determine the swap, select your account currency, pick a trading pair, and share your trading size, and it will present you with the swap values (long and short).
Profit Calculator
This calculator helps the trader to calculate the risk and possible profit. Also, the trader will know which target levels are better, and at the same time, the corresponding risk and profit.
How to use it?
To use this calculator, choose your account currency, select a currency pair, tell whether you are buying or selling, give position size and open price, and voila! Your profit calculation is ready.
Depending on your trading strategy, you won’t require all of these calculators, but if you are relying on day trading, these calculators will come in handy.
Żadna z informacji tutaj zawartych nie jest “rekomendacją” w rozumieniu przepisów Rozporządzenia Ministra Finansów z dnia 19 października 2005 r. w sprawie informacji stanowiących rekomendacje dotyczące instrumentów finansowych, lub ich emitentów (Dz.U. z 2005 r. Nr 206, poz. 1715). Wszelkie analizy, informacje, opinie, ceny i inne dane zawarte w analizie stanowią komentarz ogólny do sytuacji rynkowej, a nie porady inwestycyjne. Portal elliottFXtrader nie ponosi odpowiedzialności za żadne straty, w tym za utratę zysków, które mogą wiązać się bezpośrednio lub pośrednio z użytkowaniem takich informacji, lub poleganiem na nich. Prosimy o upewnienie się, czy rozumiesz ryzyko związane z transakcjami na rynkach kryptowalut, akcji lub instrumentów pochodnych lub ewentualne zasięgnięcie porady niezależnego doradcy co do zaangażowania w tego typu transakcje.
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