Online trader calculator for Forex
When trading Forex, there are several important parameters, knowledge of which helps when planning new transactions. Special formulas are usually used for their calculations, but you can do everything automatically using a trader’s calculator for online calculations.
The program allows you to calculate such important parameters as the size of the deposit and the cost of one point depending on the currency pair.
Alternative forex trader calculators for calculating other parameters:
Online trader's calculator from the broker RoboForex - https://time-forex.com/praktika/kalkulator-stoimosti-punkta Calculation of such parameters as point value, spread size, swap and margin.
The trader's calculator from the brokerage company Alpari - https://time-forex.com/sovet/kalkul-alpari calculates the same parameters as the tool from RoboForex.
For those who want to install the program on their computer - Mega Forex Trader Calculator 1.4 - https://time-forex.com/programmy/mega-kalkuljtor after installation you get not just an online program, but a whole software package that can not only calculate the cost point and deposit. But also make a forecast of probable profit or loss.
If you return to the online calculator presented above, the calculations are carried out after you have set all the necessary parameters:
• Instrument - a currency pair or other asset that you use in trading.
• Leverage - the size of your leverage set in the trader's office or trading terminal.
• Lot size - the volume with which you are going to trade, 1 lot is equal to 100,000, you enter information in currency.
• Account currency - in other words, the currency of your deposit, rubles, dollars or euros, in which your money is in the trading terminal account.
The data obtained will help you determine the optimal position size and forecast the possible financial result depending on your trading instrument.
In general, the choice of such tools is quite large; they can be found at almost any broker; there are even scripts that should be installed directly into the trading platform. In my opinion this is the most interesting option.