Trader's calculator from Alpari

In the process of trading, almost every novice trader is faced with a situation where, when opening a position with the same volume in the same direction with equal stops and profits, but on different currency pairs, you receive radically different profits or losses in the deposit currency.

This situation usually leads to an imbalance in trading, since despite the fact that the strategy can give 60 percent of profitable trades in multi-currency trading, you simply do not cover the loss with a new profitable trade, despite the fact that the profit in points is almost equal to or even greater than the stop order .

Thus, a completely successful strategy for multi-currency trading systematically drains the trader’s deposit.

You probably have a question, why is this happening? The fact is that many traders, experienced and beginners, often discard all the small nuances in the process of calculating a lot.

So, few people think about it, but item value price movements on different assets differ significantly due to the participating assets in the currency pair, as well as the size of the spread, which can differ significantly between different currency pairs.

Also, many traders who hold a position for more than a day often do not understand why they are charged an additional commission, and it is different for each currency pair and may even be in the form of an accrual rather than a debit.

In order to calculate the entire commission, swap, see the pip price for a specific lot, and also get a profit or loss, many people use a trader’s calculator. It stands out for its particular convenience trader's calculator from Alpari, which allows calculations adjusted for the trading conditions of a certain account type.

Working with the Alpari trader calculator

To start working with the calculator, go to the Alpari website, open the FOREX section and select the “Trader’s calculator” menu item. Actually, this simple calculator should appear in front of you:

 To obtain the necessary information, you will initially need to select the type of account you have.

The calculator offers a choice of nine different account types, the commission nuances of which are already taken into account. Next, after you have chosen the account type, indicate the leverage that is set on your account, as well as the currency of your account.

The calculator can calculate in dollars, euros and Russian rubles. After you have set the basic settings, indicate the instrument, namely the currency pair for which you will need to make calculations, as well as the volume (trading lot) of the position to be opened.

Afterwards, be sure to indicate the opening price of the transaction and its closing price (calculate the closing price of the transaction using a profit or stop order). To speed up a number of calculations, you can select the add position function and make calculations for five transactions at the same time.

After you have entered all the data, click on the calculate button.

 As you can see, the calculator in the form of a table calculated for each currency pair the cost of a point in the deposit currency for your lot, indicated the spread in points, as well as in the deposit currency, the size of the swap in points and in the deposit currency, the size of the margin for opening a position, and also profit in the deposit currency.

In conclusion, I would like to note that the use of this indicator will be especially useful for beginners and professionals who trade with Alpari . You can also use this calculator if you trade with another broker, but the trading conditions of Alpari and your broker are the same (as a rule, trading conditions on classic accounts are almost the same everywhere).