Tools

Here is a detailed explanation for each field required by the calculators:

Position Size Calculator

1. Account Balance ($):

   • Definition: The total amount of money in your trading account.
   • Example: If your trading account has $10,000, enter 10000.

2. Risk Percentage (%):

   • Definition: The percentage of your account balance you are willing to risk per trade.
   • Example: If you plan to risk 2% of your account, enter 2.

3. Stop Loss (Pips):

   • Definition: The number of pips you set as a stop loss for the trade to limit losses.
   • Example: If your stop loss is 20 pips, enter 20.

4. Pip Value ($):

   • Definition: The monetary value of one pip movement for your trade size.
   • Example: If one pip is worth $1 for your lot size, enter 1.

Pip Value Calculator

1. Lot Size:

   • Definition: The size of the position you are trading, measured in standard lots.
   • Example: For a trade of 0.5 lots, enter 0.5.

2. Currency Pair Rate:

   • Definition: The current exchange rate of the currency pair you are trading.
   • Example: If the rate for EUR/USD is 1.1200, enter 1.1200.

Margin Calculator

1. Trade Size (Lots):

   • Definition: The size of your trade measured in lots.
   • Example: For a trade size of 1.5 lots, enter 1.5.

2. Leverage:

   • Definition: The leverage provided by your broker, which multiplies your trading power.
   • Example: If your broker provides 1:100 leverage, enter 100.

3. Currency Pair Price:

   • Definition: The current price of the currency pair you are trading.
   • Example: If the price for GBP/USD is 1.2500, enter 1.2500.