#Forex compound calculator how to

Regardless if investors trade the Forex market, cryptocurrencies or any other financial instruments, our complete suite of accurate Forex tools and calculators are programmed to work with any data inputted.īy using live market data, our set of calculators allows traders to always get the most accurate results possible, and they work with most FX pairs, metals and even cryptocurrencies. Our tools and calculators are developed and built to help the trading community to better understand the particulars that can affect their account balance and to help them on their overall trading. Use this Forex Profit Calculator on Your Website

#Forex compound calculator how to

It can help traders to understand the basics of financially trading the forex market and how to avoid the dangers of over-capitalization and under-capitalization. You might also find our How Much Money do You Need to Start Trading Forex article useful. When using the Profit Calculator to simulate a stop-loss hit, the results will be displayed in minus. Or a close price higher than the open price, for a sell trade. TIPThis Profit Calculator can also be used to calculate how much equity and pips will be lost if the trader inputs a close price lower than the open price (on a buy trade), simulating a stop-loss hit. So, for our example, opening a long AUD/USD trade, of 0.10 lots at 0.75345, and close it at 0.75855, will yield a profit of AUD 67.66 (profit in money), with a total of 51 pips gain (profit in pips). The results: The Profit Calculator will calculate the profit in money (converted in account base currency previously selected) and also the profit in the total amount of pips gained. On our example, we will type a close price of 0.75855.

Just input the closing price for the trade. For our example, we will type an open price of 0.75345 for our AUD/USD position.Ĭlose price: The last field of the calculator. Open price: Just input an open price for the trade. For our example, we will select a trading size of 0.10 lot.

In this field there's an option to switch between lots or units for the calculations.

Lots (trade size): One standard lot in forex is 100,000 currency units, but units per 1 lot vary for non-forex pairs. For this example, we will use simulate a long trade, therefore we select the buy direction. We will choose the AUD as our deposit currency, for our example.īuy or sell: Simply input the trade direction, either long or short. Select your trading account deposit currency to get the calculations converted to that currency. Let's choose, for our example, the AUD/USD pair.ĭeposit currency: This field is pretty straight forward. Instrument: Traders can select from major, exoctic and minor currency pairs, global stock indices, popular cryptocurrencies, such as ADA, BTC, ETH, DOGE, LTC and XRP, and commodities, including Oil, Gold and Silver. It works by simulating a trading position opened and closed at specific values, and will display the results of the potential profit or loss in money and in pips. What is a Forex Profit CalculatorĪ Forex Profit Calculator is useful to simulate how much money and pips a trading position represents, quantitatively, if the position is closed in profit or loss. Use our accurate Profit Calculator to calculate the profit or loss value in money and pips of a trading position using live market data, trade direction and the lots traded. If you'd like to know how to estimate compound interest, see the article on (or the advanced formula with annual additions),Īs well as a calculator for periodic and continuous compounding. See How Finance Works for the compound interest formula, It also accounts for the effects of inflation,Īnd the importance of paying down your debt. It is the basis of everything from a personal savings plan to the long term growth of the stock market. Compound interest - meaning that the interest you earn each year is added to your principal, so that the balance doesn't merely grow, it grows at an increasing rate - is one of the most useful concepts in finance.