Now supports Gold and Silver.
See Video Demonstration: http://bit.ly/1p7sTb7
Getting the trade size right is a crucial part of Forex trading, and it is the cornerstone of a successful money management strategy.
However, calculating the correct trade size can be difficult because of the numerous Forex currency pairs, each with different pip values and margin requirements.
In addition, there is the impact of account leverage on available account trade margin, plus the different base currencies used with trading accounts.
This App solves this complex problem using a powerful, yet easy to use risk calculator feature.
Simply enter the desired percentage risk (e.g. 1% risk), and stop level in pips, and it will automatically calculate the trade lot size for you based on the currency pair, current currency rates, your account balance and base currency. It’s that easy.
A built-in trade simulator feature will also calculate the account margin used with the trade, and allow you to visualize the impact the trade will have on your account margin and balance as it progresses into profit or loss.
- Pip Value calculation
- Trade Simulator
- Risk Calculator
- 34 Currency Pairs, Gold and Silver
- 7 Base Currencies
- Margin calculation
- Multiple leverages - forex and metals
- Calculates oz values for metals
- Customizable settings
- Plus more
Supports the following currency pairs:
EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF, EURCHF, EURGBP, GBPCHF, EURJPY, GBPJPY, AUDJPY, CADJPY, CHFJPY, NZDJPY, EURCAD, EURAUD, GBPAUD, GBPCAD, GBPNZD, AUDNZD, AUDCHF, CADCHF, EURNZD, USDSGD, USDHKD, USDDKK, EURSEK, USDSEK, EURNOK, USDNOK, EURTRY, USDTRY, XAUUSD, XAGUSD
Supports the following base currencies:
USD, EUR, GBP, JPY, AUD, CAD, CHF