Free forex trading calculators

These free calculators do the arithmetic behind a trade on the numbers you enter. Each one shows its formula, a worked example and the assumptions it makes, such as contract size and leverage, which you can change to match your account. They work out sizes and costs; they do not suggest trades or predict results.

Each calculator links to the lesson that explains the idea behind it, so you can see why the number matters before you rely on it. Nothing you enter is stored.

Calculators

• Position size calculator: works out how many lots to trade so that, if your stop loss is hit, you lose only the amount or percentage you chose.
• Margin calculator: shows how much margin a position needs at a given leverage, contract size and price.
• Pip value calculator: shows what one pip is worth in your account currency for a given instrument and position size.
• Risk reward calculator: compares the distance to your stop loss with the distance to your take profit, and shows the win rate that ratio needs to break even.
• Trading cost calculator: adds up the spread, commission and swap on a trade, and how many pips it must move to cover them.
• Margin level calculator: shows your margin level and free margin, and how far equity can fall before your account's margin call and stop-out levels.
• Trading expectancy calculator: works out the average result per trade of a record of closed trades. It describes past trades; it does not predict future ones.
• Forex market hours: shows which trading sessions are open now, in your own time zone or in UTC.
• Forex profit calculator: shows the profit or loss of a trade in your account currency from the entry price, exit price and lot size.
• XAUUSD lot size calculator: works out how many lots of gold to trade so a stop loss costs only the amount you chose to risk.
• Pivot point calculator: turns the previous high, low and close into classic, Fibonacci and Camarilla pivot levels.
• Forex compounding calculator: shows how an account grows or shrinks when each period's percentage gain or loss is added back, side by side with no compounding.