Pip is the smallest price change of the instrument. Usually it is the 4th digit in the quotation (for instruments containing JPY it is the 2nd digit). Pip value changes as currency rates fluctuate.
This calculator will help you understand the value of the pip depending on your account type, instrument and volume traded. You may need to know the value of the pip for risk-management purposes. Thus you can quickly estimate your potential profit from minimum price increment as well as the value of your expenses (spread or commission).
This calculator will help you to calculate your potential profit from several pips on your orders opened on a particular instrument. The potential profit depends on the number of pips the price is expected to go, instrument traded, order size and number of positions opened. After conducting market analysis and having defined the Take Profit level and its distance from the current price you can estimate how much profit this position will add to your account.
Required margin is money that is needed for opening a position. This calculator will help you to access your assets, plan how many positions you will be able to open and what would be the maximum size of the positions your balance can afford you to open. Margin requirements are defined by leverage, instrument and volume traded. (Overall margin requirements on your account are defined by the leverage you use.) The bigger leverage is the less required margin is needed to open one and the same position. As you might see leverage carries potential benefits but at the same time it carries potential risks as the bigger position you open the more impact it has on your account balance. In case of unpreferable direction of price movement it can lead to losses. When calculating required margin please note that some money should be left on your trading accounts to maintain open positions.
Swap is the interest paid or earned for holding a position overnight. Every forex trade consists of buying one currency and selling another. So if you have opened a long position for buying the currency that has a higher interest rate (deposit interest rate) than the currency that you’ve sold - borrowed as a credit (credit interest rate), then you will have swap value (the difference between these two interest rates) credited to your trading account. This calculator helps you to estimate your additional income or additional expenses from the particular position that is held for the particular number of days.
This calculator is essential to estimate your daily profit. If you have already traded for some time and you know how many trades per day you are making and also know the average volume and how many pips per trade is your profit then using this calculator you can make an assessment of your daily profit. If you are just planning your trading strategy this calculator may be helpful as well. You will be able to find out how many trades, what lot and number of pips of profit should be there per day to meet your financial planning. (Anyway, this calculator cannot be a guide for building your trading strategy.)