Essential Calculators for Forex Traders
- Position Size Calculator
- Stop Loss & Take Profit Calculator
- Risk Reward Calculator
- Margin Calculator
- Pip Value Calculator
- Fibonacci Calculator
- Pivot Points Calculator
- Profit/Loss Calculator
- Compound Profit Calculator
Risk management is considered one of the most important skills in Forex trading. Forex Calculators provide the necessary tools to develop risk management skills for Forex traders.
Proper position sizing is key to managing risk in Forex trading. The Position Size Calculator helps calculate the amount of units/lots to be traded based on risk percentage/amount and stop loss pips/price.
The Stop Loss & Take Profit Calculator assists in calculating appropriate stop loss and take profit prices based on position size, risk amount/pips, and risk reward ratio.
The Pip Value Calculator helps calculate the value of a single pip in the account currency based on position size and pip amount.
The Margin Calculator helps calculate margin requirements for a trade position based on position size and account leverage.
The Fibonacci Calculator aids in calculating key levels of Fibonacci retracement and Fibonacci extensions using high and low price inputs.
The Pivot Point Calculator helps calculate support and resistance levels based on various Pivot Point calculation methods.
The Compound Profit Calculator calculates potential returns on profitable trades over a set period of time.
All Forex calculations are based on near real-time market prices. There is also a custom price option available if you prefer to use your own price for calculations.
The Forex Calculators include most commonly traded Currency Pairs, as well as Indices, Commodities, and Cryptocurrencies.
Use these tools to plan your trades and always trade with a plan. This will greatly benefit you as a Forex trader.
If you have any questions or feedback, please feel free to leave a comment or contact me via email.
Overview
Forex Calculators is a Freeware software in the category Business developed by FX Core.
The latest version of Forex Calculators is 3.1.8, released on 03/03/2024. It was initially added to our database on 01/09/2024.
Forex Calculators runs on the following operating systems: Android.
Users of Forex Calculators gave it a rating of 4 out of 5 stars.
Pros
- Provides a variety of forex calculators such as position size calculator, pip value calculator, risk calculator, and more.
- Helps traders easily calculate important metrics for their trades, saving time and effort.
- Offers a user-friendly interface that is easy to navigate and use.
- Available 24/7 to assist traders with quick calculations whenever needed.
Cons
- May not offer as many advanced features as other premium forex calculator tools in the market.
- Could benefit from more customization options to cater to individual trader preferences.
- Limited compatibility with certain trading platforms or software applications.
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