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The FPA's Currency Strength Calculator was a very useful tool for some traders, but the programming team had some difficulties coming up with a graphical version. The FPA's Forex Calendar also was beginning to have issues with some of the other upgrades to the website.
This led to many debates about what to do. FPA members needed more and better tools to help them trade, but it would have taken too long to fix the existing problems. It would have taken longer to add more tools. Instead, a search was done of available tools on the web. After much debate and a number of tests that ran into dead ends, the decision was reached to use the tools from Dukascopy.
The plan is to leave the old Calendar running for a week or two so that members will have time to get used to the new one before the old one goes away.
Here are some quick descriptions of the new calendar and tools...
Forex Calendar:
The new Forex Calendar. All the financial and forex news events of the week in one convenient location. Click on the “Video Version” and there are some great videos to cover the weekly news, support & resistance, and so much more.
Forex TV covers critical forex news in a timely fashion.
Forex News has the absolute latest forex-related stories from Yahoo! News.
Currency Converter:
Planning to do some real-life foreign exchange before going on vacation. Make sure to visit the Currency Converter tool. The Major Currency Converter covers the most common options, but you can also use the Extended Currency Converter for those more exotic currencies.
Margin/Pip Calculator:
So, just how much is a pip worth? If it's a pair like EUR/USD or GBB/USD, it's easy. If it's the EUR/CHF, that gets a lot more complicated, unless you have the Pip Calculator.
Need some help calculating your margin? That's what the Margin and Pip Calculator tool can do for you.
There's also a Custom Forex Calculator tool for some of the more difficult forex math problems you'll encounter.
Currency Index:
The Graphical Currency Index is a better version of the FPA's older Currency Strength Calculator. This new one can show days, weeks, or months of relative currency strength in graphical form for 5 major currencies.
The Text Currency Index covers the percent gain or loss of value of 20 currency pairs for the last hour, day, week, and month.
Pivot Calculator:
The Simple Pivot Calculator shows the Pivot Levels of 16 different currency pairs. Not only is the more commonly calculated pivot level available, but also the Woodie pivot levels and Fib levels.
For the Custom Pivot Calculator, just enter the open, high, low, and close prices and all the levels will be calculated for you.
Interest and Liquidity:
The Interest Rates tool covers the current interest rates of 8 major currencies.
The Liquidity Index tool shows consumer sentiment on 7 currencies broken down as a percentage of buying vs. selling.
This led to many debates about what to do. FPA members needed more and better tools to help them trade, but it would have taken too long to fix the existing problems. It would have taken longer to add more tools. Instead, a search was done of available tools on the web. After much debate and a number of tests that ran into dead ends, the decision was reached to use the tools from Dukascopy.
The plan is to leave the old Calendar running for a week or two so that members will have time to get used to the new one before the old one goes away.
Here are some quick descriptions of the new calendar and tools...
Forex Calendar:
The new Forex Calendar. All the financial and forex news events of the week in one convenient location. Click on the “Video Version” and there are some great videos to cover the weekly news, support & resistance, and so much more.
Forex TV covers critical forex news in a timely fashion.
Forex News has the absolute latest forex-related stories from Yahoo! News.
Currency Converter:
Planning to do some real-life foreign exchange before going on vacation. Make sure to visit the Currency Converter tool. The Major Currency Converter covers the most common options, but you can also use the Extended Currency Converter for those more exotic currencies.
Margin/Pip Calculator:
So, just how much is a pip worth? If it's a pair like EUR/USD or GBB/USD, it's easy. If it's the EUR/CHF, that gets a lot more complicated, unless you have the Pip Calculator.
Need some help calculating your margin? That's what the Margin and Pip Calculator tool can do for you.
There's also a Custom Forex Calculator tool for some of the more difficult forex math problems you'll encounter.
Currency Index:
The Graphical Currency Index is a better version of the FPA's older Currency Strength Calculator. This new one can show days, weeks, or months of relative currency strength in graphical form for 5 major currencies.
The Text Currency Index covers the percent gain or loss of value of 20 currency pairs for the last hour, day, week, and month.
Pivot Calculator:
The Simple Pivot Calculator shows the Pivot Levels of 16 different currency pairs. Not only is the more commonly calculated pivot level available, but also the Woodie pivot levels and Fib levels.
For the Custom Pivot Calculator, just enter the open, high, low, and close prices and all the levels will be calculated for you.
Interest and Liquidity:
The Interest Rates tool covers the current interest rates of 8 major currencies.
The Liquidity Index tool shows consumer sentiment on 7 currencies broken down as a percentage of buying vs. selling.