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Position Size Calculator
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A Position Size Calculator helps forex traders find the approximate amount of currency units to buy or sell to control your maximum risk per position.
How to use the Position Size and Risk Calculator
Instrument: Traders can select from major forex pairs, minors and exotics, several cryptocurrencies, and a range of commodities, such as Gold, Silver and Oil.
Deposit currency: The account base currency is important to assess the ideal lot size, as it takes into consideration the pip value and the market rate of the selected cross.
Stop-loss (pips): Traders should input the maximum number of pips willing to risk in a trade.
Account balance: Traders just need to input the account equity.
Risk: In this field traders can select from a risk percentage or any value in the account base currency. As a guideline, professional traders do not risk more than 2% of the account equity per trade.
The results: The Position Size and Risk Calculator uses a market price live feed with the current interbank rate (in a 5-digit format) and it will display the selected currency pair price
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A Profit Calculator is to calculate the profit or loss value in money and pips of a trading position using live market data, trade direction and lots traded.
How to Use the Forex Profit Calculator
Instrument: Traders can select from major, exotic and minor currency pairs, global stock indices, popular cryptocurrencies, and commodities, including Oil, Gold and Silver.
Deposit currency: Select your trading account deposit currency to get the calculations converted to that currency.
Buy or sell: Simply input the trade direction, either long or short.
Lots (trade size): One standard lot in forex is 100,000 currency units, but units per 1 lot vary for non-forex pairs. In this field there's an option to switch between lots or units for the calculations.
Open price: Just input an open price for the trade.
Close price: The last field of the calculator. Just input the closing price for the trade.
The results: The Profit Calculator will calculate the profit in money (converted in account base currency previously selected) and also the profit in the total amount of pips gained.
Profit Calculator
Margin Calculator
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Our Forex & Crypto Margin & Leverage Calculator is used to calculate accurately the amount of funds required to open a trading position, or used to open a new trade, based on the lot size and the available leverage offered by your broker.
How to Use the Leverage & Margin Calculator
Instrument: In this field traders can select from several forex crosses, including major and minor pairs, from the most popular cryptocurrencies , indices and commodities, such as Gold, Silver and Oil.
Deposit currency: Margin values differ for forex pairs, and other financial instruments, and are subject to the current market quote. By selecting the deposit currency, it will be possible to accurately display the margin required to open a position, for the selected instrument, in the chosen currency.
Leverage: In this field traders just need to input a leverage ratio. This could be the current leverage offered by the broker, or any other ratio, from as little as 1:1 to 6000:1 to simulate the amount of margin used to open a position.
Lots (trade size): Just enter the lot size. Remember, in forex 1 lot is 100,000 currency units per lot, but units per lot vary for non-forex pairs. So, in this field there's also the option of switching between lots and units for the calculations.
Our Pip Value Calculator is used to accurately calculate the pip value for forex pairs, indices, crypto currencies, and more, using live market quotes, account base currency, lot size and traded pair.
How to Use the Forex Pip Calculator
Instrument: Traders can select from major, exotic and minor currency pairs, global stock indices, popular cryptocurrencies, and commodities, including Oil, Gold and Silver.
Trade size: Forex pairs are 100,000 units per 1 standard lot, but units per 1 lot vary on non-forex pairs. In this field there's also the option of calculating the pip value based on the lots traded, or, the units traded
Deposit currency: Pip values are different for each FX pair and for each cryptocurrency cross. Pip values are also subject to the current market/exchange quotes. Selecting an account currency in this field will enable an accurate calculation of the pip value, for the selected instrument, in a trader's account base currency
The results: The pip calculator uses a market price live feed with the current interbank rate (in a 5-digit format) and it will display the current pip value based on the selected account base currency
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Pip Calculator
Compounding Calculator
Our Forex compounding calculator is used to accurately simulate how a trading account can grow over time with a chosen gain percentage per trade
How to Use the Compounding Calculator
Starting balance: This represents the initial starting balance account equity.
Number of periods: In this field traders can simulate a winning strike of x consecutive winning trades. Please note: the period is every time you receive an interest on holdings, or, close a trade in profit, etc.
For example:
The bank pays 5% interest on the savings account, every month = period is 1 month.
Binance crypto exchange pays 6% interest on BTC, every day = period is 1 day.
An investor trades XAU/USD and wins 2% return, each trade = period is each trade.
Let's use, for our example, a series of 6 consecutive winning trades.
Gain % per period: The crucial field of the calculator, used to simulate the gain percentage per any period of compounding. It can be used by the trader who does 5 daily trades with a target of 0.05% return per trade. It can also be used by a trader doing 5 weekly trades and targeting 1% return per trade, even a long-term trader, doing 12 trades per year and targeting 5% return per trade. For our example we will use a gain percentage per period of 2%.
The results: "The Ending Balance" after compounding the gains of 6 consecutive winnings and the "Total Gain" percentage. For this case, an initial equity of 1,000 units, of any account currency, after compounding the gains of 6 consecutive winnings, is now 1,126.16 units.
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Our drawdown calculator is used to accurately calculate how your trading account equity can be affected after a series of losing trades.
How to Use the Drawdown Calculator
Starting balance: This represents the initial starting balance account equity.
Consecutive loses: In this field traders can simulate a strike of x consecutive losing trades.
Loss % per trade: The crucial field of the drawdown calculator! As a rule of thumb, professional traders do not risk more than 2% of the account equity per trade. This proven methodology allows traders to last longer on their trading careers and, eventually, to recoup from previously losing trades.
The results: The Ending Balance" after losing x
consecutive trades and the "Total Loss" percentage.
Drawdown Calculator
Risk of Ruin Calculator
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Our Risk of Ruin Calculator is used to accurately calculate the peak-to-valley drawdown and the probability of reaching the maximal drawdown based on the win/loss rate and risk percentage of a trading system.
How to Use the Risk of Ruin Calculator
Win rate %: In this field traders should input the overall win rate percentage of the trading system or strategy. For example, let's consider a current trading strategy that yields a 60% win rate.
Average profit/loss: In this field traders should enter the average profit earned per winning trade, divided by the average amount lost per losing trade. For our example we will use 20 as the average profit of our current strategy.
Risk per trade %: As a rule of thumb, professional traders do not risk more than 2% of the account equity per trade. This professional methodology allows traders to stay on the markets longer and even to recoup the account equity lost with negative trades previously.
Number of trades: Very straight forward. If traders are testing a trading strategy and want to know how it will perform based on a number of future trades, then it's only required to input the expected number of trades. It can be 5 daily trades, 25 weekly trades and so on.
If traders are testing a current trading strategy and want to know how it's performing and it's risk of ruin percentage, then just input the total number of trades taken so far.
Max drawdown %: In this field traders must input the maximal drawdown percentage reached (with a current trading strategy), or the expected maximal percentage if testing a new strategy.
The results: The first result is the Risk of peak-to-valley drawdown percentage, Peak-to-valley drawdown definition is the largest cumulative percentage decline in portfolio value from a previous equity high. It is defined as the percentage decline from the trading account highest value (peak) to the lowest value (valley) after the peak.
Please note that the output of the Risk of Ruin Calculator can vary, because it is based on a simulation of 100,000 iterations.
By simply changing the total number of trades taken and the maximal drawdown percentage reached, the Risk of Ruin Calculator can also be used to calculate a number of possible random outcomes and fine-tune a trading system.
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Our Fibonacci Levels Calculator is used to get accurate fib levels to quickly plot the hypothetical Fibonacci retracement or extension levels of a financial instrument.
How to Use the Fibonacci Calculator
Trend direction: In this field traders can simulate an uptrend or a downtrend by simply selecting "Up" or "Down". Let's say, for example, that we want to calculate the Fibonacci retracements for the EUR/USD, currently on an uptrend in the daily chart, to find a good entry level.
As an example, we will select the "Up" trend direction. Then we check the "Retracement" button, to instruct the calculator to compute the retracement levels.
Low price: In this field traders should enter the pair of choice lowest price, printed at the very beginning of the uptrend, for example 1.16653.
High price: In this field traders should input the pair of choice highest price, reached during the current uptrend, for example 1.20552.
Then, Calculate
The results: The Fibonacci Levels Calculator will calculate and display the 5 retracement levels for the pair. The retracement levels are created by taking the two extreme points (lowest or highest swing, or simply point A and B) of an asset's price action and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 78.6%.
Fibonacci Calculator
Our Crypto and Currency converter is always updated, with live interbank rate feed to accurately convert many currencies, including the conversion of the main cryptocurrencies to fiat currencies and gold .
How to Use the Converter Calculator
From: Select in this field the ISO code of the currency ie. EUR needed. Several options are available, from major and minor forex pairs and the most popular cryptocurrencies Also available, Gold and Silver.
To: Select in this field the ISO code of the currency ie. USD to be exchanged. Again, the same options are available, several major and minor FX pairs, the most popular cryptocurrencies, Gold and Silver.
Amount: In this field, you will input amount you wanted Converted.
The results: Using an interbank real-time feed the Cryptocurrency & Currency Converter will calculate and display the result.
Cryptocurrency & Currency Converter
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Real Time Economic Calendar
Use our Forex Economic Calendar to ensure you are always aware of important upcoming economic events that may impact market volatility.
How to Use the Forex Economic Calendar
Check the economic calendar for high and medium impact events at the beginning of each trading week by clicking on the impact icon.
Filter: This will allow you to select the upcoming events by location, impact and personal preference.
An icon with a red background indicates high impact events
An orange icon is used for events with medium impact.
The "Impact" value on the calendar indicates how likely it is that the report will affect the market. If the data released in an economic report is significantly different than what was forecast or expected, then the impact may be realized. Alternatively, if the data is in line with expectations, the report may not have much impact.
Traders typically check the upcoming economic events on the calendar for one of 2 reasons. The first is to avoid having open trades during potentially high volatility. The second is to use that volatility to look for potential opportunities for entry and exit points on new or existing trades.
On most forex economic calendars, you will see the important values below.
Previous Month Value - Shows the results of the previous month, which may change because sometimes the prior month is adjusted. This surprise may cause volatility.
Forecast or Consensus Value - Shows the forecast based on a consensus of economic analysts.
Actual Value - Shows the actual report value and may cause volatility if it differs significantly from the forecast.
Impact - The magnitude of potential impact for a report is denoted with a colored icon next to the event name.
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