Forex Calculators
To be profitable in Forex, you must concentrate on money management.
First use the Forex Position Size Calculator to determine your position size.
Then use this value in the Forex Risk Calculator to determine leverage, possible pip profit or loss, profit at target or loss at stop, reward/risk, percentage reward or percentage at risk.
Popularity: 5% [?]
Forex Position Size Calculator Bug Fix
There was an issue with the position size calculator at http://www.forexcalc.com that came to my attention last week when determining the position size of the CHF/JPY. For example, when selecting CHF/JPY, the calculator needs the current price of two pairs, the CHF/JPY and the USD/CAD. The bug was preventing the output of the second pair needed to determine position size, in this example, the USD/CAD. The pairs affected were:
CAD/CHF, all pairs with CHF in the base, all pairs with DKK in the base, and the HKD/JPY.
This has been fixed.
Popularity: 5% [?]
New Forex Position Size Calculator
The blog’s been silent since Sunday which usually means I’m busy doing other things or concentrating on trading. That has definitely been the case this week. I’ve been participating in the forex trading contest, getting Metatrader primed and ready for backtesting expert advisors again, finishing the development of a new AJAX forex position size calculator, trading for real, and working my real job. Being busy is probably common for a lot of you out there too who are trading forex but have real jobs and responsibilities.
I’ve searched around for a forex position size calculator but what I mostly found were pip value calculators, excel calculators, or calculators that were part of some proprietary trading platform (like Oanda’s.) I didn’t find what I was really looking for which was a simple calculator that gave me a recommended position size in units and where I just had to enter my account balance, the percentage I want to risk on a trade and my stop loss. So this is exactly what I developed. It’s completed and in beta at http://www.forexcalc.com. It currently only works with accounts in USD but I’ll expand on that later. You have a choice of determining the position size for 110 currency pairs, way more than you’ll ever need. It also works no matter what your account size is. It can be $1 or $10,000,000 though I doubt anyone with an account this big would utilize it.
Popularity: 10% [?]
