Currency Converter – easily compare global currencies
Need to see the value of the Euro vs the US Dollar? Perhaps you’re 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.
The currency converter below is easy to use and rates are frequently updated. Every Forex trader needs this given the extreme volatility in global currencies
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Enter the currency amount
1
STEP 2
Set your preferred currency
2
STEP 3
Set the currency you wish to compare against
3
STEP 4
Tap/Click Calculate
4
EXAMPLE:
Convert USD to EUR | Amount $1.00 | From USD To EUR
Calculate:
1 USD = 0.96909 EUR
1 EUR = 1.0319 USD
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.
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.
Enter a high and low value below to calculate the Fibonacci levels using our free calculator.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Uptrend or Downtrend
1
STEP 2
Enter the High and Low values
2
STEP 3
Hit calculate
3
EXAMPLE:
Uptrend
High 10
Low 5
Retracements
0% (b) – 10.000
23.6% – 8.820
Extensions
261.8% – 23.090
200% – 20.000
Downtrend Retracements
0% (b) – 5.000
23.6% – 6.180
Extensions
261.8% – -8.090
200% – -5.000
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 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.
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.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select your pivot – Classic, Woodie, Camarilla, DeMark’s
1
STEP 2
Enter the High and Low Price
2
STEP 3
Enter the Open and Close Price
3
STEP 4
Hit Calculate
4
EXAMPLE:
Classic
High Price -5.00 | Low Price – 1.00 | Open Price – 2.00 | Close Price – 3.00
4th Resistance – | 3rd Resistance – 9.0000 | 2nd Resistance – 7.0000 | 1st Resistance – 5.0000
Pivot Point – 3.0000
1st Support – 1.0000 | 2nd Support -1.0000 | 3rd Support -3.0000 | 4th Support –
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
Classic
2
Woodie
3
Camarilla
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.
4
DeMarks
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.
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.
You can profit regardless of whether an asset’s value increases or decreases. What’s more, you can increase your profit potential through leverage. Use our Stop/Loss calculator to accurately determine the outcome of a potential trade.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Long or Sell/Short
1
STEP 2
Enter your open position, value/pips, and number of lots
2
STEP 3
Then enter your Stop and Loss limits
3
STEP 4
Hit Calculate
4
EXAMPLE:
Open – 0.9 | Value/Pip – 0.01 | Lots – 5 | Stop – 0.8 | Limit – 1.5
Max Loss -50.00
Max Profit 300.00
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.
It is a contract between two parties, described as “buyer” and “seller”.
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.
CFD trading also allows traders to leverage their capital by trading amounts far higher than the funds in their accounts.
For more information regarding CFD Trading Click Here
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.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Sell
1
STEP 2
Enter your open position, value/pips, and number of lots
2
STEP 3
Then enter your Stop and Loss limits
3
STEP 4
Hit Calculate
4
EXAMPLE:
Open – 1.087 | Value/Pip – 0.118 | Lots – 5 | Amount to Risk 200 | Amount to Gain 100 | Stop Loss at 1.0531
Take Profit at 1.1039 | Stop Loss (Pips) 339 | Take Profit (Pips) 169
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.
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.
Using Stop Loss is an effective way to limit your losses in the event the market doesn’t go your way.
Think of it as your trading safety net.
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.
For example, if you want to buy $1000 worth of USD/EUR, you don’t 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.
Think of margin as a deposit/collateral needed to open a position.
*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 amount
5
EXAMPLE:
Account Base Currency: USD | Currency Pair: EUR/USD
Account Type: Standard | Volume in Lots: 5 | Leverage: 100
Current Conversion Price (EUR/USD) – 0.97
Required Margin (EUR)
Account Base Currency – 5000.00
Required Margin (EUR)
Converted Currency – 4857.40
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 “good faith” 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.
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.
Pip value calculator
A pip is a unit of measurement in trading to express the change in value between two currencies. If the EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
A PIP is what defines your profit or loss, the value of the pip is determined by the ‘volume’ or contract size you opened.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select the currency pair
1
STEP 2
Enter your Base Currency
2
STEP 3
Enter the number of Lots
3
STEP 4
Select the Account Type (Standard or Micro)
4
STEP 5
Hit calculate
5
EXAMPLE:
Currency Pair – EUR/USD | Account Base Currency – EUR | Volume in Lots – 5 | Account Type – Standard
Current Conversion Price (EUR/USD) 0.97148
Pip Value (EUR)
Account Base Currency – 51.47
Pip Value (USD)
Converted Currency – 50.00
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 Pips?
Each currency has a separate value from others, so it is necessary to calculate the value of the pip for each currency pair. We also want a constant so we will assume that we want to convert everything to US Dollars.
On all the majors, for a position of 1 lot (100.000 of the base currency) each pip is worth $10)
Example: EUR/USD
Open position: Buy 1 lot (100.000) EUR/USD at 1.29530
Close position: Sell 1 lot (100.000) EUR/USD at 1.29930
1.29930 – 1.29530 = 40 pips
40pips x $10 = $400 profit
Currency Converter – easily compare global currencies
Need to see the value of the Euro vs the US Dollar? Perhaps you’re 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.
The currency converter below is easy to use and rates are frequently updated. Every Forex trader needs this given the extreme volatility in global currencies
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Enter the currency amount
1
STEP 2
Set your preferred currency
2
STEP 3
Set the currency you wish to compare against
3
STEP 4
Tap/Click Calculate
4
EXAMPLE:
Convert USD to EUR | Amount $1.00 | From USD To EUR
Calculate:
1 USD = 0.96909 EUR
1 EUR = 1.0319 USD
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.
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.
Enter a high and low value below to calculate the Fibonacci levels using our free calculator.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Uptrend or Downtrend
1
STEP 2
Enter the High and Low values
2
STEP 3
Hit calculate
3
EXAMPLE:
Uptrend
High 10
Low 5
Retracements
0% (b) – 10.000
23.6% – 8.820
Extensions
261.8% – 23.090
200% – 20.000
Downtrend Retracements
0% (b) – 5.000
23.6% – 6.180
Extensions
261.8% – -8.090
200% – -5.000
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 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.
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.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select your pivot – Classic, Woodie, Camarilla, DeMark’s
1
STEP 2
Enter the High and Low Price
2
STEP 3
Enter the Open and Close Price
3
STEP 4
Hit Calculate
4
EXAMPLE:
Classic
High Price -5.00 | Low Price – 1.00 | Open Price – 2.00 | Close Price – 3.00
4th Resistance – | 3rd Resistance – 9.0000 | 2nd Resistance – 7.0000 | 1st Resistance – 5.0000
Pivot Point – 3.0000
1st Support – 1.0000 | 2nd Support -1.0000 | 3rd Support -3.0000 | 4th Support –
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
Classic
2
Woodie
3
Camarilla
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.
4
DeMarks
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.
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.
You can profit regardless of whether an asset’s value increases or decreases. What’s more, you can increase your profit potential through leverage. Use our Stop/Loss calculator to accurately determine the outcome of a potential trade.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Long or Sell/Short
1
STEP 2
Enter your open position, value/pips, and number of lots
2
STEP 3
Then enter your Stop and Loss limits
3
STEP 4
Hit Calculate
4
EXAMPLE:
Open – 0.9 | Value/Pip – 0.01 | Lots – 5 | Stop – 0.8 | Limit – 1.5
Max Loss -50.00
Max Profit 300.00
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.
It is a contract between two parties, described as “buyer” and “seller”.
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.
CFD trading also allows traders to leverage their capital by trading amounts far higher than the funds in their accounts.
For more information regarding CFD Trading Click Here
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.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select Buy/Sell
1
STEP 2
Enter your open position, value/pips, and number of lots
2
STEP 3
Then enter your Stop and Loss limits
3
STEP 4
Hit Calculate
4
EXAMPLE:
Open – 1.087 | Value/Pip – 0.118 | Lots – 5 | Amount to Risk 200 | Amount to Gain 100 | Stop Loss at 1.0531
Take Profit at 1.1039 | Stop Loss (Pips) 339 | Take Profit (Pips) 169
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.
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.
Using Stop Loss is an effective way to limit your losses in the event the market doesn’t go your way.
Think of it as your trading safety net.
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.
For example, if you want to buy $1000 worth of USD/EUR, you don’t 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.
Think of margin as a deposit/collateral needed to open a position.
*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 amount
5
EXAMPLE:
Account Base Currency: USD | Currency Pair: EUR/USD
Account Type: Standard | Volume in Lots: 5 | Leverage: 100
Current Conversion Price (EUR/USD) – 0.97
Required Margin (EUR)
Account Base Currency – 5000.00
Required Margin (EUR)
Converted Currency – 4857.40
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 “good faith” 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.
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.
Pip value calculator
A pip is a unit of measurement in trading to express the change in value between two currencies. If the EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
A PIP is what defines your profit or loss, the value of the pip is determined by the ‘volume’ or contract size you opened.
*Scroll down to view the calculation
How to use the currency calculator:
STEP 1
Select the currency pair
1
STEP 2
Enter your Base Currency
2
STEP 3
Enter the number of Lots
3
STEP 4
Select the Account Type (Standard or Micro)
4
STEP 5
Hit calculate
5
EXAMPLE:
Currency Pair – EUR/USD | Account Base Currency – EUR | Volume in Lots – 5 | Account Type – Standard
Current Conversion Price (EUR/USD) 0.97148
Pip Value (EUR)
Account Base Currency – 51.47
Pip Value (USD)
Converted Currency – 50.00
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 Pips?
Each currency has a separate value from others, so it is necessary to calculate the value of the pip for each currency pair. We also want a constant so we will assume that we want to convert everything to US Dollars.
On all the majors, for a position of 1 lot (100.000 of the base currency) each pip is worth $10)
Example: EUR/USD
Open position: Buy 1 lot (100.000) EUR/USD at 1.29530
Close position: Sell 1 lot (100.000) EUR/USD at 1.29930
1.29930 – 1.29530 = 40 pips
40pips x $10 = $400 profit
