PIPWISE | Online Forex broker | CFD Trading | Stocks, indices
Forex Calculator
Forex Calculator
PIPWISE’s online Forex calculators are invaluable for risk management and strategic decision-making.
These calculators empower traders to refine their approaches and enhance their performance in the ever-evolving forex market.
These calculators serve a variety of functions, such as profit calculation, margin assessment, pip value determination, and more. Their core mission is to provide traders with essential insights for well-informed decision-making.
Position Size
To begin, you must define your position size by filling out the Position Size form on the left. This form asks for the following information:
- The currency of your trading account.
- The balance of your trading account.
- The currency pair you will be trading.
- Your desired lot size (Volume).
Margin
- Choose the leverage for your trading account
This will calculate the margin value in your selected account currency. The box will turn red if a position cannot be opened, or green if a position can be opened.
Profit/Loss
To determine the trade direction, select either BUY or SELL and enter the entry level, take profit, and stop loss values. The profit and loss amounts will be displayed in the boxes below.