The Forex calculator is a versatile tool, which may prove useful to both beginners and professionals of financial markets. Using the Trading calculator, traders have an opportunity to make online calculations of transaction parameters, choose more efficient trading strategies, and make best possible decisions before opening positions.
To use the Trading calculator, one has to enter the following initial data for a transaction:
Beginner traders, who haven’t sifted the Forex trading to the bottom, may require explanation of the calculation data they get from the Trading calculator.
<One Point Value> = <Contract> * (<Price> + <One Point>) - <Contract> * <Price>
One Point Value is a cost of one point in the quoted currency.
Contract is a contract size in the instrument base currency.
Price is the currency pair price.
One Point is the price step (one point).
<Margin> = <Contract Size> / <Leverage>
Contract Size is a transaction volume in the base currency of the chosen trading instrument.
Leverage is the leverage value.
The Forex Trading calculator is a tool for informing traders about probable parameters of their future transactions and expenses required to maintain their positions. These calculations can not be considered as a suggestion or recommendation to invest funds or an incentive for making transactions.