Traders often lack the data they real need to calculate their trades. Forex Broker Admiral Markets addresses this with a new trading calculator.
Here is more information from the official press release:
Admiral Markets is pleased to announce, the long awaited Trading Calculator, which will be available on our website on the 21st of August. The Forex & CFD trading calculator will help to estimate trades profit or loss and compare the results for different opening and closing rates that could be both historical or hypothetical. Calculator counts the required margin for positions, details about pip value and more.
From now traders can use two calculators at Admiral Markets: Admiral.Markets and Admiral.Prime
Trading Calculator will help you:
▪ to calculate the potential profit, and also the risks of a trade
▪ recognize not only the cost of the order, but also the pip value of a given financial instrument
▪ understand the margin change depending on the respective leverage
▪ Swap costs if you hold overnight
▪ and much more
Calculator can be used to work out
Commission (in the account’s deposit currency)
(Contract size * Rate of traded instrument’s base currency (USD) to USD / 1,000,000 USD) * 35 USD * 2 * Rate of USD to account’s deposit currency (EUR)
Contract size = Lots * Contract Size or Lot
Example: 2 Lots of EUR/USD: 2 * 100,000 EUR = 200,000 EUR
Pip value (Forex) = Lots * Contract Size * Pip
Example: 2 Lots of EUR/USD: 2 * 100,000 EUR * 0,0001 = 20 EUR
Comments
USDEUR – 0.90277 (18.08.2015 02:00:00)
3-day swaps: Wednesday