Online Forex Trader Calculator
When trading Forex, there are several important parameters that, if understood, can help when planning new trades. Special formulas are usually used to calculate them, but you can also do everything automatically using an online trader calculator.
The program allows you to calculate such important parameters as the size of the margin and the value of one point depending on the currency pair.
Alternative Forex trader calculators for calculating other parameters:
Online trader calculator from RoboForex broker - https://time-forex.com/praktika/kalkulator-stoimosti-punkta Calculates parameters such as pip value, spread size, swap, and margin.
The Alpari Trader's Calculator - https://time-forex.com/sovet/kalkul-alpari - calculates the same parameters as the RoboForex tool.
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 complete software suite that can not only calculate the pip value and margin, but also forecast probable profit or loss.
If you return to the online calculator presented above, the calculations are carried out after you 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 the information in currency.
• Account currency - in other words, the currency of your deposit, rubles, dollars or euros, in what currency 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.
Overall, the selection of such tools is quite large and can be found at virtually any broker. There are even scripts that can be installed directly into the trading platform. In my opinion, this is the most interesting option.
