Currency Converter โ easily compare global currencies
Need to see the value of the Euro vs the US Dollar? Perhaps youโre curious about how far you can stretch the South African ZAR compared to the Japanese Yen. Our currency calculator can quickly check the rates of all globally traded currencies.ย ย
The currency converter below is easy to use and rates are frequently updated. Every Forex trader needs this given the extreme volatility in global currenciesย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Enter the currency amountย
1
STEP 2
Set your preferred currencyย
2
STEP 3
Set the currency you wish to compare againstย
3
STEP 4
Tap/Click Calculateย
4
EXAMPLE:
Convert USD to EURย | Amount $1.00 |ย From USD ย To EURย
Calculate:ย
1 USD = 0.96909 EURย
1 EUR = 1.0319 USDย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.ย
Fibonacci Calculator
Fibonacci levels are a popular metric in trading as they can help determine potential support and resistance areas levels. Many advanced traders use it to also determine favorable entry and exit points.ย ย ย
Enter a high and low value below to calculate the Fibonacci levels using our free calculator.ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Uptrend or Downtrendย
1
STEP 2
Enter the High and Low valuesย
2
STEP 3
Hit calculate
3
EXAMPLE:
Uptrend ย
High 10ย
Low 5ย
Retracementsย
0% (b) – 10.000ย
23.6% – 8.820ย
Extensionsย
261.8% – 23.090ย
200% – 20.000
Downtrend Retracements
0% (b) – 5.000ย
23.6% – 6.180ย
Extensionsย
261.8%ย –ย -8.090ย
200%ย –ย -5.000ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.ย
Pivot point Calculator
Pivot points can be used in identifying reversal or breakout areas. You can calculate significant daily, weekly, and monthly support and resistance levels with the help of our pivot point calculator.ย ย
Pivot points are especially useful for short-term traders who are looking to take advantage of small price movements in the market. As with normal support and resistance levels, traders can choose to trade the bounce or the break of these levels.ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select your pivot – Classic, Woodie, Camarilla, DeMark’sย ย
1
STEP 2
Enter the High and Low Priceย
2
STEP 3
Enter the Open and Close Priceย
3
STEP 4
Hit Calculateย
4
EXAMPLE:
Classicย
High Price -5.00 |ย Low Price – 1.00 |ย Open Price – 2.00 |ย Close Price – 3.00ย
ย 4th Resistance – |ย 3rd Resistance – 9.0000 |ย 2nd Resistance – 7.0000 |ย 1st Resistance – 5.0000
Pivot Point – 3.0000ย
1st Support – 1.0000 |ย 2nd Support -1.0000 |ย 3rd Support -3.0000 |ย 4th Support –ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
Pivot Points - What you need to know
1
Classicย
2
Woodieย
3
Camarillaย
Camarilla pivot points are a set of eight possible levels of support and resistance values for a current trend. The most important consideration is that these pivot points work for all traders and will help set correct stop-loss and profit-target positions.ย ย
4
DeMarksย
A very popular method of calculating pivots is Tom DeMark’s pivot points. While not quite pivot points they can be used to forecast the future of the trend. The main appeal of these pivot points is to predict the lows and highs of a trading period.ย
CFD - Profit/Loss calculator
Want to trade an asset at a lower cost and higher leverage? You should consider Contract for Difference (CFDs) trading. CFDs enable traders to speculate on the price movements of various assets without owning them.ย ย
You can profit regardless of whether an assetโs value increases or decreases. Whatโs more, you can increase your profit potential through leverage. Use our Stop/Loss calculator to accurately determine the outcome of a potential trade.ย ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Long or Sell/Shortย ย ย
1
STEP 2
Enter your open position, value/pips, and number of lotsย ย
2
STEP 3
Then enter your Stop and Loss limitsย ย ย
3
STEP 4
Hit Calculateย
4
EXAMPLE:
Open – 0.9 | Value/Pip – 0.01 | Lots – 5 | Stop – 0.8 | Limit – 1.5ย
Max Loss -50.00ย
Max Profit 300.00ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
What are CFDs?
CFDs are bought and sold like any tradable asset, the difference is you don’t have to own the underlying asset or instrument you’re trading.ย ย ย
It is a contract between two parties, described as โbuyerโ and โsellerโ.ย ย ย
If you believe the price of Gold is going up, you would buy a Gold CFD and you would then close the position by selling the CFD. Your profit (or loss) would be the difference in the price of the CFD between the time you entered and closed your position.ย ย ย
CFD trading also allows traders to leverage their capital by trading amounts far higher than the funds in their accounts.ย ย ย
ย For more information regarding CFD Trading Click Hereย
Stop Loss/Take Profit Levels calculator
Want to find out how much you stand to gain from a trade? By using our Stop Loss/Take Profit calculator you can find out exactly how much you could potentially gain or lose or gain if your respective Stop Loss/Take profit levels are reached.ย ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Sellย
1
STEP 2
Enter your open position, value/pips, and number of lotsย
2
STEP 3
Then enter your Stop and Loss limitsย
3
STEP 4
Hit Calculateย
4
EXAMPLE:
Open – 1.087 | Value/Pip – 0.118 | Lots – 5 | Amount to Risk 200 | Amount to Gain 100 | Stop Loss at 1.0531ย
Take Profit at 1.1039 | Stop Loss (Pips) 339 | Take Profit (Pips) 169ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
Manage your Risk
The global markets can be extremely volatile. The last thing you want as a trader is to blow all capital on a disastrous trade. Good risk management is key to being a successful trader.ย ย
Regardless of how well your research a trade sometimes the market doesn’t go your way. From elections to rate hikes, many factors can influence the market, sometimes unpredictably.ย ย
Using Stop Loss is an effective way to limit your losses in the event the market doesn’t go your way.ย ย
Think of it as your trading safety net.ย ย
Margin calculator
When trading, you are only required to put up a small amount of capital to open and maintain a new position. This capital is called the margin.ย
For example, if you want to buy $1000 worth of USD/EUR, you donโt need to put up the full amount to trade. You only need to put up a small percentage like $300 depending on the amount and conditions set by your broker.ย
Think of margin as a deposit/collateral needed to open a position.ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Enter your base currency
1
STEP 2
Select the currency pair you wish to trade
2
STEP 3
Select your account type (Standard or Micro)
3
STEP 4
Enter your volume in Lots
4
STEP 5
Enter your Leverage amountย
5
EXAMPLE:
Account Base Currency: USD | Currency Pair: EUR/USDย
Account Type: Standard | Volume in Lots: 5 | Leverage: 100ย
Current Conversion Price (EUR/USD) – 0.97ย
Required Margin (EUR)ย
Account Base Currency – 5000.00ย
Required Margin (EUR)ย
Converted Currency –ย 4857.40ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
Margin - a "good faith" assurance
Margin is often referred to as a โgood faithโ assurance that you can afford to hold the trade until it is closed. Margin is NOT a fee or a transaction cost of a trade.ย
It’s simply a portion of the remaining equity that can be set aside from your account. This is to ensure that you can cover the potential loss of trade.ย
ย Learn Moreย
Currency Converter โ easily compare global currencies
Need to see the value of the Euro vs the US Dollar? Perhaps youโre curious about how far you can stretch the South African ZAR compared to the Japanese Yen. Our currency calculator can quickly check the rates of all globally traded currencies.ย ย
The currency converter below is easy to use and rates are frequently updated. Every Forex trader needs this given the extreme volatility in global currenciesย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Enter the currency amountย
1
STEP 2
Set your preferred currencyย
2
STEP 3
Set the currency you wish to compare againstย
3
STEP 4
Tap/Click Calculateย
4
EXAMPLE:
Convert USD to EURย | Amount $1.00 |ย From USD ย To EURย
Calculate:ย
1 USD = 0.96909 EURย
1 EUR = 1.0319 USDย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.ย
Fibonacci Calculator
Fibonacci levels are a popular metric in trading as they can help determine potential support and resistance areas levels. Many advanced traders use it to also determine favorable entry and exit points.ย ย ย
Enter a high and low value below to calculate the Fibonacci levels using our free calculator.ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Uptrend or Downtrendย
1
STEP 2
Enter the High and Low valuesย
2
STEP 3
Hit calculate
3
EXAMPLE:
Uptrend ย
High 10ย
Low 5ย
Retracementsย
0% (b) – 10.000ย
23.6% – 8.820ย
Extensionsย
261.8% – 23.090ย
200% – 20.000
Downtrend Retracements
0% (b) – 5.000ย
23.6% – 6.180ย
Extensionsย
261.8%ย –ย -8.090ย
200%ย –ย -5.000ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.ย
Pivot point Calculator
Pivot points can be used in identifying reversal or breakout areas. You can calculate significant daily, weekly, and monthly support and resistance levels with the help of our pivot point calculator.ย ย
Pivot points are especially useful for short-term traders who are looking to take advantage of small price movements in the market. As with normal support and resistance levels, traders can choose to trade the bounce or the break of these levels.ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select your pivot – Classic, Woodie, Camarilla, DeMark’sย ย
1
STEP 2
Enter the High and Low Priceย
2
STEP 3
Enter the Open and Close Priceย
3
STEP 4
Hit Calculateย
4
EXAMPLE:
Classicย
High Price -5.00 |ย Low Price – 1.00 |ย Open Price – 2.00 |ย Close Price – 3.00ย
ย 4th Resistance – |ย 3rd Resistance – 9.0000 |ย 2nd Resistance – 7.0000 |ย 1st Resistance – 5.0000
Pivot Point – 3.0000ย
1st Support – 1.0000 |ย 2nd Support -1.0000 |ย 3rd Support -3.0000 |ย 4th Support –ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
Pivot Points - What you need to know
1
Classicย
2
Woodieย
3
Camarillaย
Camarilla pivot points are a set of eight possible levels of support and resistance values for a current trend. The most important consideration is that these pivot points work for all traders and will help set correct stop-loss and profit-target positions.ย ย
4
DeMarksย
A very popular method of calculating pivots is Tom DeMark’s pivot points. While not quite pivot points they can be used to forecast the future of the trend. The main appeal of these pivot points is to predict the lows and highs of a trading period.ย
CFD - Profit/Loss calculator
Want to trade an asset at a lower cost and higher leverage? You should consider Contract for Difference (CFDs) trading. CFDs enable traders to speculate on the price movements of various assets without owning them.ย ย
You can profit regardless of whether an assetโs value increases or decreases. Whatโs more, you can increase your profit potential through leverage. Use our Stop/Loss calculator to accurately determine the outcome of a potential trade.ย ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Long or Sell/Shortย ย ย
1
STEP 2
Enter your open position, value/pips, and number of lotsย ย
2
STEP 3
Then enter your Stop and Loss limitsย ย ย
3
STEP 4
Hit Calculateย
4
EXAMPLE:
Open – 0.9 | Value/Pip – 0.01 | Lots – 5 | Stop – 0.8 | Limit – 1.5ย
Max Loss -50.00ย
Max Profit 300.00ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
What are CFDs?
CFDs are bought and sold like any tradable asset, the difference is you don’t have to own the underlying asset or instrument you’re trading.ย ย ย
It is a contract between two parties, described as โbuyerโ and โsellerโ.ย ย ย
If you believe the price of Gold is going up, you would buy a Gold CFD and you would then close the position by selling the CFD. Your profit (or loss) would be the difference in the price of the CFD between the time you entered and closed your position.ย ย ย
CFD trading also allows traders to leverage their capital by trading amounts far higher than the funds in their accounts.ย ย ย
ย For more information regarding CFD Trading Click Hereย
Stop Loss/Take Profit Levels calculator
Want to find out how much you stand to gain from a trade? By using our Stop Loss/Take Profit calculator you can find out exactly how much you could potentially gain or lose or gain if your respective Stop Loss/Take profit levels are reached.ย ย ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Sellย
1
STEP 2
Enter your open position, value/pips, and number of lotsย
2
STEP 3
Then enter your Stop and Loss limitsย
3
STEP 4
Hit Calculateย
4
EXAMPLE:
Open – 1.087 | Value/Pip – 0.118 | Lots – 5 | Amount to Risk 200 | Amount to Gain 100 | Stop Loss at 1.0531ย
Take Profit at 1.1039 | Stop Loss (Pips) 339 | Take Profit (Pips) 169ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
Manage your Risk
The global markets can be extremely volatile. The last thing you want as a trader is to blow all capital on a disastrous trade. Good risk management is key to being a successful trader.ย ย
Regardless of how well your research a trade sometimes the market doesn’t go your way. From elections to rate hikes, many factors can influence the market, sometimes unpredictably.ย ย
Using Stop Loss is an effective way to limit your losses in the event the market doesn’t go your way.ย ย
Think of it as your trading safety net.ย ย
Margin calculator
When trading, you are only required to put up a small amount of capital to open and maintain a new position. This capital is called the margin.ย
For example, if you want to buy $1000 worth of USD/EUR, you donโt need to put up the full amount to trade. You only need to put up a small percentage like $300 depending on the amount and conditions set by your broker.ย
Think of margin as a deposit/collateral needed to open a position.ย
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Enter your base currency
1
STEP 2
Select the currency pair you wish to trade
2
STEP 3
Select your account type (Standard or Micro)
3
STEP 4
Enter your volume in Lots
4
STEP 5
Enter your Leverage amountย
5
EXAMPLE:
Account Base Currency: USD | Currency Pair: EUR/USDย
Account Type: Standard | Volume in Lots: 5 | Leverage: 100ย
Current Conversion Price (EUR/USD) – 0.97ย
Required Margin (EUR)ย
Account Base Currency – 5000.00ย
Required Margin (EUR)ย
Converted Currency –ย 4857.40ย
Please note that the calculation above is only an example and may differ from actual calculations due to differences which may occur in the contract specifications unique to each instrument and asset.
Margin - a "good faith" assurance
Margin is often referred to as a โgood faithโ assurance that you can afford to hold the trade until it is closed. Margin is NOT a fee or a transaction cost of a trade.ย
It’s simply a portion of the remaining equity that can be set aside from your account. This is to ensure that you can cover the potential loss of trade.ย
ย Learn Moreย
