To manage risk more effectively, it is important to know the pip value of each position in the currency of your trading account.
The Forestation Pip Calculator does this for you. All you have to do is 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.
For forex, the Pip Calculator works as follows:
Pip Value = (Pip in decimal places * Trade Size) / Market Price
Trading 1 lot of EUR/USD with an account denominated in EUR
One pip in decimals = 0.0001, Trade Size = 100,000,
Exchange Rate = 1.137980.0001 * 100,000 = 10 => 10 / 1.13798 = 8.78750Each pip is worth €8.79
For metals, you calculate tick value instead of pip value, and the Pip Calculator works as follows:
Tick Value = Tick in decimals (0.01) * Number of Oz
Trading 1 lot (100 Oz) of GOLD with an account denominated in USD0.01 * 100 = 1 Each tick is worth $1
The Forestation Pip Calculator is also available for mobile devices as part of the Forexstation Tools app. Download the app today, on iOS and Android, to have access to all the trading calculators you need, whenever and wherever you need them.
With the Forestation Margin Calculator you can 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.
For forex, the margin calculation works as follows:
Required Margin = Trade Size / Leverage * account currency exchange rate (if different from the base currency of the pair traded)
For metals, the margin calculation works as follows:
Required Margin = Trade Size (0z) / Leverage * Market Price
When opening and closing many positions it can be easy to lose track of the performance of your individual trades. Now you can easily calculate this with our Profit Calculator. Simply select your currency pair, your account currency, how many days you kept the trade open for, the size of the position, whether you went long or short and your opening and closing prices. Click ‘Calculate’ and the Profit Calculator will work out exactly how the trade performed factoring in the swap fee.
The Profit Calculator works as follows:
Profit in Account Currency = ((close price – open price) * Position size / (or *) Currency rate) ± (swap in account currency value *period)
Fibonacci calculator was invented by Leonardo Fibonacci - the first major mathematician in medieval Europe. He was born and lived in Italy in the 12th - 13th centuries. His theory of numbers has gained immense popularity and marked the beginning of one of the most powerful trading methods on the Forex market. Fibonacci sequence is a simple sequence of numbers where each successive one is the sum of the previous two. Mathematician Leonardo Fibonacci had identified a number of patterns in the sequence, which were applied in many areas, including trading. By identifying support and resistance levels, Fibonacci Calculator allows professional traders to find correction targets and trend direction in the price chart. Based on these data, they evaluate the market situation and decide on further action - whether to buy, sell or continue waiting for the most favorable conditions for entering the market. Fibonacci Calculator has earned a worthy place among many other Forex trader tools. Fibonacci levels are nothing but a technical analysis indicator of the Forex market determining the points of the graph where breakdowns or rebounds should happen. Typically, traders set stop-loss and take-profit at the Fibonacci levels, which significantly increases their chances of success. In order to use the Fibonacci Calculator from LiteForex, you need to enter in the form the required values (highest and lowest) of the current observed trend, indicate its direction and click on the button "Calculate". The calculator will take care of the rest.
The most common way to use pivot points are as reference points for entering trades if your other favorite indicators are also giving the same directional signal. Market Makers can use the pivot points to create a market by shifting the price around between levels to entice buyers or sellers of a stock into a trade. This can best be seen on low volume trading days as the prices fluctuate between the calculated points.
Many variations exist for calculating the pivot point and its related support and resistance levels.
Pivot point = (H + L + C)/3
First support = (2 * Pivot) - H
First resistance = (2 * Pivot) - L
Second support = Pivot - (H - L)
Second resistance = Pivot + (H - L)
Pivot point = (Highyesterday + Lowyesterday + Opentoday)/3
All support an resistance calculations remain the same.These alternative pivot points use todays open in place of yesterdays close to account for opening gaps and extended afterhours trading.