What is the Trader’s calculator?
The Trader’s calculator, or Forex calculator, is a powerful tool that helps you quickly and easily estimate your potential profit and manage risk before opening a trading position.
How to choose the account type using the Trader’s calculator?
FBS offers a wide range of trading accounts, such as Standard, Cent, Micro, Zero Spread, ECN, and Crypto. Each of them has unique trading conditions like commission, spread, leverage, etc. Thus, if you trade the same instrument on different accounts, your potential profit may vary. The Forex calculator will help you compare trading parameters and find the best account for your needs.
How to calculate my margin?
To estimate the amount of funds required to open and hold a trading position, specify the required data in the Forex calculator:
- Select your account type;
- Select the trading instrument you would like to trade;
- Enter the lot size;
- Select the currency your account is based on;
- Select the leverage rate;
- Enter the ask price and bid price.
Once you click the ‘Calculate’ button, your margin will automatically be shown. This information will help you determine the lot size and leverage so as not to exceed your trading account balance.
Why use the Trader’s calculator?
The Trader’s calculator will help you make the best possible trading decisions before opening positions for the chosen instruments. This is important because different trading parameters can lead to significant changes in spreads, measured in pips, as well as swap long or short, and margin. Therefore, all traders should pre-calculate their trades in the Forex calculator and choose the optimal trading parameters.
The calculations made in our all-in-one calculator are for informational purposes only. While every effort is made to ensure this information's accuracy, you should not rely upon it as being complete.