Question 1

What is a forex trade calculator?

Accepted Answer

It is a tool that converts your trade idea into numbers like lot size, pip value, margin, and projected P&L based on your risk and stop-loss.

Question 2

How do I determine position size with it?

Accepted Answer

Enter account balance, risk percent per trade, pair, and stop distance. The calculator returns the lot size that matches your chosen risk.

Question 3

Does it work with different account currencies?

Accepted Answer

Yes. It converts values automatically, so pip value and margin are shown in your account currency for any FX pair.

Question 4

What is the difference between pip value and lot size?

Accepted Answer

Lot size is your trade volume. Pip value is how much one pip movement is worth for that volume in your account currency.

Question 5

How accurate are the results?

Accepted Answer

Results are precise given your inputs. For best accuracy, match your broker’s contract size, leverage, and consider spreads and commissions.

Question 6

Can it help set stop-loss and take-profit levels?

Accepted Answer

Yes. Use your risk percent, stop distance, and target risk-to-reward to align SL and TP with your strategy and account risk.

Forex

Trading currencies demands precise numbers.