Forex Calculators

About the Profit Calculator

The Profit Calculator helps you simulate a trade outcome before you actually enter the market. By inputting your entry and exit prices, you can see exactly how much profit or loss you would incur, accounting for the pip value and lot size.

Key Benefits

• Planning: Define your Take Profit and Stop Loss targets in monetary terms.
• Accuracy: Eliminates guesswork by using real-time math for standard, mini, and micro lots.
• Strategy: Helps in calculating Risk:Reward ratios effectively.

How to Use

• Pair & Type: Choose the asset and whether you are buying (Long) or selling (Short).
• Open & Close: Enter the price you plan to enter at and your target exit price.
• Lot Size: Specify the volume of the trade.

Formula

About the Margin Calculator

Margin is the amount of capital that must be deposited and maintained in your account to open a position. It is essentially a good-faith deposit or collateral to cover any potential losses. This calculator helps you determine exactly how much money you need to open a trade based on your leverage.

Understanding Leverage

Leverage allows you to control a large position with a small amount of capital. For example, with 1:500 leverage, you only need $200 to control a $100,000 position. However, while leverage magnifies profits, it also magnifies losses.

How to Use

• Leverage: Select your broker's leverage setting (e.g., 1:100, 1:500).
• Lot Size: The volume you wish to trade.
• Result: The calculator displays the "Used Margin" required.

Formula

About Pivot Points

Pivot Points are significant support and resistance levels used by professional traders to determine potential market turning points. They are calculated using the High, Low, and Close prices of the previous trading period (usually the daily candle).

How to Interpret

• PP (Pivot Point): The central level. Price above PP indicates bullish sentiment; below indicates bearish.
• S1, S2, S3 (Support): Potential buying zones or take-profit levels for short positions.
• R1, R2, R3 (Resistance): Potential selling zones or take-profit levels for long positions.

How to Use

Enter the High, Low, and Close of yesterday's candle. The calculator will generate the floor and ceiling levels for the current day.

Standard Formula

About Fibonacci Retracements

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on the key numbers identified by mathematician Leonardo Fibonacci. In trading, these levels often act as self-fulfilling prophecies because so many traders watch them.

Key Levels

• 23.6%, 38.2%: Shallow retracements in strong trends.
• 50.0%: A major psychological retracement level (not officially a Fibonacci number but widely used).
• 61.8% (Golden Ratio): The most significant level. Prices often bounce here.

How to Use

Identify a major Swing High and Swing Low. Enter these values into the calculator.

• Uptrend: Measure from Low to High to find support levels (dip buying opportunities).
• Downtrend: Measure from High to Low to find resistance levels (selling opportunities).

About Position Sizing

Position sizing is arguably the most important concept in trading. It determines how many units you should buy or sell to ensure you never risk more than a set percentage of your account on a single trade. This is the key to surviving losing streaks and protecting your capital.

Why use it?

Many new traders blow their accounts because they trade too large. By using this calculator, you ensure that even if the trade hits your Stop Loss, you will only lose the pre-defined percentage (e.g., 1% or 2%) of your account balance.

How to Use

• Account Balance: Enter your current total equity.
• Risk %: The percentage of your account you are willing to lose (Standard recommendation is 1-2%).
• Stop Loss (Pips): The distance from your entry to your stop loss.

Formula