Optimise trades by evaluating risk and monitoring profit and loss for every trade made. With this app critical calculations on margin, position size and Stop Loss calculations can be carried out quickly and accurately. Every calculator option within the app includes an explanation of how calculations are made and allows values to be changed depending on you trading requirements. The Trading Calculator app also provides a comprehensive list of up-to-date foreign exchange rates. What's in the Trading Calculator app? Margin calculator -- The margin calculator feature helps you calculate exactly how much margin is required in order to guarantee a position that you would like to open. Doing so helps you determine whether you should reduce the lot size you are trading, or adjust the leverage you are using, taking into account your account balance. Select your trading instrument, your trade size, leverage and account currency, and click ‘Calculate’. Our margin calculator will do the rest. Pip calculator -- The Pip Calculator helps you to manage risk more effectively by indicating the pip value of each position in the currency of your trading account. Simply enter your position details, including the instrument you are trading, the trade size and your account currency. Click ‘Calculate’ and the Pip Calculator will determine how much each pip is worth. Position size calculator -- The Position Size Calculator lets you to calculate the size of the position in units and lots to accurately manage your risks. Simply input the values and press the Calculate button. Stop Loss / Take profit calculator -- Use this calculator to determine what price levels to use for your Stop Loss/Take Profit orders, how many pips are involved in each, and the value of each pip. Simply select the currency pair you are trading, enter your account currency, your position size, and the opening price. Select whether your trade is long or short and then enter how much you are willing to risk before your Stop Loss/Take Profit order is activated. Press ‘Calculate’ and the calculator will do the rest. Pivot calculator -- This calculates the key support and resistance levels based on various Pivot calculation methods. With it you can determine significant daily, weekly, and monthly support and resistance levels. Fibonacci calculator -- Fibonacci retracement is a very popular tool used by many technical traders to help identify strategic places for transactions to be placed, target prices or stop losses. This calculator will help track the key levels of Fibonacci retracement and Fibonacci extensions by inputting the high and low values of an instrument. Correlation calculator -- Using charts the correlation calculator depicts any interconnection between movements in the price of trading pairs and calculates a correlation coefficient.
Currency converter -- This calculator provides accurate and timely currency conversion rates for any pair of global currencies.
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