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]]>**.**One of the most important tools in a trader’s bag is risk management **Proper position size** is key to managing risk and to avoid blowing out your account on a single trade.

**.**With a few simple inputs, our position size calculator will help you find the approximate amount of currency units to buy or sell to control your maximum risk per position.

**.**To use the position size calculator, enter the currency pair you are trading, your account size, and the percentage of your account you wish to risk. Our position sizing calculator will suggest position sizes based on the information you provide

**.**The Forex Position Size Calculator is a trader’s most valuable tool. It allows you to calculate the exact position size for any trade so that you always **stay in control** of your risk and **avoid blowing out your account** on a single trade.

**.**The calculator below will work with **All major currency pairs and crosses** as well as eight different account currencies You can also toggle between a risk percentage or a fixed dollar amount.

**.**Enter the values below and select “**Calculate**” to properly size any **position.**

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]]>**:Pip Value = (One Pip / Exchange Rate) * Lot Size**

**:Example:**

One Pip: 0.0001

Account Base Currency: EUR

Currency Pair: EUR/USD

Exchange Rate: 1.08962 (EUR/USD)

Lot Size: 1 Lot (100000 EUR)

Pip Value = 0.0001 / 1.08962 * 100000

**Each Pip is worth €9.18**

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]]>This **calculator** helps traders to plan what portion of their positions should be closed at certain target levels in order to gain the best possible Return to Risk Ratio. If a trader believes that a market will move relatively little, then it is better to emphasize Targets **1** **and 2** when taking profits. However, if a trader believes that the market move has the potential to develop into a **longer-term trend**, then the trader may want to close a larger portion of the trade at **Target** **3.**

And More Tools Pivot Points Calculator Forex Winning Solution Fibonacci Calculator Forex Winning Solution.

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The **Pivot Points Calculator** lets you select the formulae you want to use and remembers your choice when you come back if you have cookies enabled on your browser. The Quick Change Formula Set drop-down allows you to select from three popular sets of formulas.

Pivot Points Calculator If you are new to pivot point trading, especially forex pivot points, then we suggest that you start off by using the Classic formula set as these are the most popular type used in pivot point books to calculate pivot points.

Pivot Points Calculator If you are involved in online fx trading, options trading, fx options, online future trading or if you’re trading oil options then this calculator will still provide great value to you if you pick the timeframes that have the highest volume and most liquidity.

- The first thing you’re going to learn is how to calculate pivot point levels.
- The pivot point and associated support and resistance levels are calculated by using the last trading session’s open, high, low, and close.
- Since forex is a 24-hour market, most forex traders use the New York closing time of 4:00 pm EST as the previous day’s close.

- The calculation for a pivot point is shown below:
- Pivot point (PP) = (High + Low + Close) / 3
- Support and resistance levels are then calculated off the pivot point like so:

- First resistance (R1) = (2 x PP) – Low
- First support (S1) = (2 x PP) – High
- The second level of support and resistance:
- Second resistance (R2) = PP + (High – Low)
- Second support (S2) = PP – (High – Low)
- The third level of support and resistance:
- Third resistance (R3) = High + 2(PP – Low)
- Third support (S3) = Low – 2(High – PP)

- Keep in mind that some forex charting software plot intermediate levels or mid-point levels.
- These are basically mini levels between the main pivot point and support and resistance levels.
- If you hated algebra, have no fear because you don’t have to perform these calculations yourself.
- The most charting software will automatically do this for you. Just make sure you configure your settings so that it uses the correct closing time and price.
- We here at BabyPips.com also have our very own Pivot Point Calculator!
- The forex pivot point calculator can come in handy, especially if you want to do a little back testing to see how pivot point levels have held up in the past.
- Remember, one of the advantages of using pivot points is that it is objective, so it’s very easy to test how price reacted to them.
- Next up, we’ll teach you the various ways in which you can incorporate pivot points into your forex trading strategy.

**Many variations exist for calculating the pivot point and its related support and resistance levels.**

- Pivot point = (H + L + C)/3
- First support = (2 * Pivot) – H
- First resistance = (2 * Pivot) – L
- Second support = Pivot – (H – L)
- Second resistance = Pivot + (H – L)

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]]>**Mathematician Leonardo Fibonacci** had identified a number of patterns in the sequence, which were applied in many areas, including trading. By identifying support and resistance levels, Fibonacci Calculator allows professional traders to find correction targets and trend direction in the price chart. Based on these data, they evaluate the market situation and decide on the further action – whether to buy, sell or continue waiting for the most favorable conditions for entering the market.

**Fibonacci Calculator** has earned a worthy place among many other Forex trader tools. Fibonacci levels are nothing but a technical analysis indicator of the Forex market determining the points of the graph where breakdowns or rebounds should happen. Typically, traders set stop-loss and take-profit at the Fibonacci levels, which significantly increases their chances of success. In order to use the Fibonacci Calculator from LiteForex, you need to enter in the form the required values (highest and lowest) of the current observed trend, indicate its direction and click on the button “Calculate”. The calculator will take care of the rest.

**Use a Fibonacci calculator** from LiteForex for trading and calculating price retracements, and correcting your Forex strategy. A Fibonacci Calculator is a powerful tool of technical analysis that will allow you to organize your trading on the Forex market.

- Enter the high and low price for the stock, future, currency or commodity from the previous day (or period) into the input boxes above labeled High and Low.
- If you want to change the number of decimal places shown after the period you can change the value in the Decimal Points input box.
- The Fibonacci ratios in the boxes on the right are the most common values used for day trading and by long-term investors. Some traders and Fibonacci specialist have their own custom ratios that they like to use. You can override any of the ratios in the list by entering your own custom ratio. All of the values you enter on this page will be saved in a cookie on your browser saving you time when you revisit this page with the same browser.
- When you’re ready to calculate the Fibonacci ratios for your high and low prices click Calculate the calculate button.
- We have supplied enough space for you to enter up to 27 ratios in the calculator.

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