Forex Calculator
The universal Forex calculator automatically calculates the required margin, commission for trading and a value of 1 point for any position.
How to calculate margin?
Select your currency pair, account currency (deposit base currency) and margin (leverage) ratio, input your trade size (in units, 1 lot= 100,000 units) and click calculate. The calculator will use the current real-time prices for exact values.
Why is margin important?
Opening a trade with too much margin can quickly lead to a margin call. Opening a trade with insufficient margin could lead to a profitable trade which has little impact on your trading account. Therefore, the margin required should be somewhere in between and according to your risk appetite.
What is a margin call in Forex?
When you’re trading forex with leverage, this means the broker gives you additional margin to trade with, according to the selected leverage. As this increases your profit, the same goes with losses. In order to prevent your account from losing more than you’ve deposited, a broker has an automatic process to close all open positions once the margin level reaches a certain percentage (usually 80%) – this is called a margin call.
Lots (trade size)
How to use the pip calculator?
Account currency: your account deposit currency, can be AUD, CAD, CHF, EUR, GBP, JPY, NZD or USD.
Trade size: the trade size you are trading in lots or units, where 1 lot=100,000 units.
Once you select your account currency and the trade size, the calculator will calculate the pip value with Standard, Mini and Micro lots with the current market rates.
How to calculate the value of a pip?
Depending on your account base currency, you would need to convert the pip value accordingly.
Pip Value = (1 pip / Quote Currency Exchange Rate to Account Currency) * Lot size in units
For example, the pip value of EURUSD is $10 per pip with a standard lot size and a USD account:
Pip Value = (0.0001 / 1)*100000 = $10.
However, if your account is denominated in EUR, you would need to divide the $10 by the EURUSD exchange rate which would result in a pip value of 8.92 EUR:
(for example, EURUSD=1.1200)
Pip Value = (0.0001 / [1.1200])*100000 = EUR 8.92.
Lots (trade size)
How to use the Rebate Calculator?
Simply input the required fields:1- Deposit Currency: your accounts currency which can be AUD, CAD, CHF, EUR, GBP, JPY, NZD, or USD
2- Rebate type: the rebate can be calculated by either pips or money values. For example a cashback can be $2 per each traded lot or 2 pips per each trade..
3- Currency pair: the traded currency pair of your choice..
4- Rebate per lot: the rebate value of the type selected above..
5- Lots: how many lots do you usually trade. This depends which timeframe are you looking to calculate. If you wish to calculate monthly rebate then provide the total monthly volume in lots, in case of weekly rebate provide the total weekly volume in lots and so on..
Does Forex Rebate increase my trading conditions?
No. Whether you’ve opened the account directly with the broker or through a rebate service, trading conditions (swaps, spreads and commissions or any other associated fees) must remain the same (if not, please check with the rebate provider or your broker). This is why it is always beneficial to use a rebate provider when selecting a broker to trade with.
Rebates are available with almost every forex broker but each cashback service might support a different list of brokers.
Lots (trade size)
How to use the profit calculator?
Complete the following fields:
1- Currency pair – the currency you are trading
2- Account currency – the deposit currency of your trading account
3- Trade size – the trade size in lots or units
4- Open price – the entry price of your trade
5- Close price – the exit price of your trade
6- Direction – either buy or sell (long or short).
The profit calculator takes the difference of entry and exit prices and multiplies it based on the pip value of your trade. The pip value calculation takes into account the currency pair, the lot size and your base currency (account currency).
How is profit calculated in forex trading?
Profit In foreign exchange is the difference between your open and close price. When trading forex, you can open a trade in 2 directions: buy (long) and sell (short). To make a profit with a buy trade, you need to buy a currency at a low price and sell at a higher price. To make a profit with a sell trade, you need to sell a currency at a high price and buy it back at a lower price.
For example, using our calculator as a gold profit calculator, if you buy 100 units (standard lot of gold) of gold at $1890.00 and sell it at $1891.00, you would profit $100.
Why is it important to use the calculator?
When planning your trade, it is important to understand the potential profit or loss of a trade. Our Forex profit loss calculator can be used as a take profit or stop loss calculator whether you’re actually using sl/tp values or closing the trade manually.
Lots (trade size)
How to convert a Currency to another?
If you are converting Euros to US Dollars, you would need to know the current exchange rate. Take for example the current value of 1.19 – this would mean that 1 Euro is equal to 1.19 US Dollars. This can be applied for any amount by just multiplying the conversion value. Moreover, you can convert it the other way around, ie US Dollars to Euro by inverting the conversion value: 1/1.19=0.84 which means that 1 US Dollar is equal to 0.84 Euro.
What is Currency Exchange?
A currency exchange is when you convert a currency to another. Usually each country has its own currency and if for example you’re buying an item with a different currency or traveling to a country with a different currency than you, this would require an exchange of currencies where you sell your currency and buy another (this would usually require a conversion fee) through a financial institution.
