The FINMAXFX Trader's Calculator can calculate the contract size, spread in pips and currency, swaps in pips and currency, and margin. To calculate, you need to define your account type, instrument, leverage, account currency and lot.

For the calculation you will need to specify: currency pair, lot, leverage, and account currency. The calculator on the FINMAXFX website provides information on the current exchange rate, pip value and margin. To calculate it, you need the currency pair on which a trade is executed, the leverage, the volume or lot, and the currency of your account. The creators of the site kindly provided information on how the calculations are made. For example, they indicated that the point price is calculated through the current exchange rate. They pay attention that 1 lot in the company is equal to 10000 USD. Next, they provide formulas to calculate the pip price on currency pairs and CFD.

This is the case with the forex compound calculator, which can be found on the website of the brokers I represent. With the help of those, which give information about the forex point price, it is possible to calculate the lot for the planned profitable transaction, which should cover the series of unprofitable. But trader's calculators are not only based on web-interface. Some of them can be obtained as a separate application. The trader's calculator can be downloaded in different places, it is important not where you got it from, but rather the features that distinguish it from your web fellow traders. The most interesting difference of such calculators is the ability to integrate with the Metatrader 5 mac terminal. This helps us to carry out filigree calculations, taking into account the quotes, which are provided not by any broker who is not related to us, but by the organization where you and I were lucky enough to open an account. The program helps to make the process of capital increase more convenient and pleasant. The program is designed to determine the parameters of a trade, which is planned. It is perfect for both intraday trading and long-term trading. There is also a possibility to convert currency taking into account quotes coming from the Central Bank. In order to calculate the volume of a deal... When launching the program checks for the running Metatrader5 trading terminal.

Once the connection is established, the control elements will be fully available. It is specified which type of transaction should be executed. Buy or sell. A trading instrument is specified. In this case, a symbol will be displayed in the corresponding window on the right and its description will be displayed. Among them you will find the Buy and Sell quotes, as well as the spread size of the instrument in the real-time mode. After that you should specify the leverage. Specify the deposit amount. This can be done in units of the base currency. Then there are two options. The first option is to specify the desired lot size. Then the level of free margin will be calculated Value of collateral for transaction Percentage ratio of collateral value to deposit size. Value of one point for the specified lot. And the maximum allowed loss amount in points, where the spread amount is included. Excess of this value will result in a Margin Call. If you have specified the lot size, which is too large, then the maximum lot size will be displayed and the necessary warning will appear on the monitor in such case. The second option is to specify the desired level of free margin, and the recommended lot will be calculated automatically. If necessary, you can specify the distance to Stop Loss or Take Profit. In this case the parameters will be converted according to the spread on the instrument. Each time a new quote arrives, the necessary recalculation will be made. This program is designed for brokers who work with 4 decimal places as well as for brokers who serve clients by providing additional digits after the decimal place of quotes. When calculating, the program uses a number rounded to the fourth digit. In addition, the program saves correctly specified parameters and recalculates the existing quote at the next launch.

After that the controls will be available. Conversion is performed for all currencies at once. You only need to enter the amount in the window of the currency to be converted. And that is all.

Conclusion

Modern traders constantly face nontrivial tasks that can make them stop trading or make the wrong decision. In order to speed up the decision making process and at the same time to make correct and efficient trade deals it is absolutely necessary to use modern electronic aids.

In addition to currency calculators, which are now presented in large numbers, on the Internet you can find programs that help analyze the market situation in various ways. Some use the approaches of famous traders and financiers. For example, Eliot (Elliot Wave Theory). Others may be interested in using different mathematical theories to get the latest forecasts on currency exchange rates. Separately, we would like