Stop loss and take profit calculator
Having the correct position size, stop-loss, and take profit are some of the most important things when trading. Therefore, to help you make your calculations we have prepared a set of calculators from FxPro and Pivot Point Calculator from Dukascopy that will make your trading life a bit easier.
Pip Value Calculator
Why use Forex Calculators?
They will help you to find the optimal price points or position sizes for every situation. This in turn helps you spend more time on the analysis and less time on manually calculating these values.
How to use Forex Calculators?
Each of them can be used in a different situation and for a different purpose, however, the basics are the same - enter your position size, currency or pair, trade size, price as well as related metrics and simply press “Calculate” to update the tool.
Pivot Point Calculator
The Pivot Point Calculator shows pre-calculated pivot, and support and resistance levels based on your instrument and date selection. More on how to use Pivot Points can be read in our Forex Pivot Point Strategy article.
Most of the forex calculator tools presented on this page were thoroughly described in our premier trading educational course "Forex Military School".
Here are the quick links to related topics:
- Forex Risk Calculator
- Forex Profit Calculator
- Forex Swap Calculator
- Forex Margin Calculator
- Pip Value Calculator
- Pivot Point Calculator
- Fibonacci Calculator
Additionally, further reading is always available in our blog/trading resources section or looked-up using the search feature.
Keep in mind that this information should also be used in addition to other tools and types of analysis such as:
Read further about How to Combine Different Types of Forex Analysis
Now you should be ready to start using the Forex Calculator Set and combine it with Forex Day Trading Strategies.