It determines the necessary position size by considering your currency pair, risk level (expressed as a percentage or monetary value), and the stop loss in pips. Before opening a position in your forex trading account, calculating the correct lot size or position size may not be a simple task, especially when you’re in a hurry to open a position. Calculate your exact profit or loss before entering a position and plan your trading plan accordingly
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Using the forex profit calculator you can adjust your trade size or take profit and stop loss levels to increase or decrease potential gain or loss to match your trading plan.
Our forex margin calculator will help you calculate the exact margin needed to open your trading position.
Once you select your account currency and the trade size, the calculator will calculate the pip value with standard, mini and micro lots with the current market rates. Whatever you choose, demand a verified, public myfxbook with full history and no martingale tricks
