Forex Calculators vs Forex Academy Usage & Stats

Essential Calculators for Forex Traders Forex Calculators include: +Position Size Calculator +Stop Loss & Take Profit Calculator +Risk Reward Calculator +Margin Calculator +Pip Value Calculator +Fibonacci Calculator +Pivot Points Calculator +Profit/Loss Calcualtor +Compound Profit Calculator Risk management consider to be one of the most important skills in Forex trading. Forex Calculators provide you the necessary tools to develop your risk management skills for Forex traders. Proper position sizing is the key to managing risk in trading Forex. Position Size Calculator help you calculate the amount of units/lots to put on a single trade based on your risk percentage/amount and stop loss pips/price. Stop Loss & Take Profit Calculator help you calculate the appropriate stop loss price and take profit price according your position size, risk amount/pips, and risk reward ratio. Pip Value Calculator help you calculate the single pip value in your account currency based on position size and pip amount. Margin Calculator help you calculate margin requirements of a trade position based on the position size and the account leverage. Fibonacci Calculator help you calculate the key levels of Fibonacci retracement and Fibonacci extensions by the input of high and low price. Pivot Point Calculator help you calculate the support and resistance levels based on varies Pivot Point calculation methods. Compound Profit Calculator calculates the potential returns on profitable trades over a set period of time. All Forex calculations are based on near real time market price. Custom price option is also available in case you want to use your own price for calculation. Forex Calculators includes most of the commonly traded Currency Pairs as well as Indices, Commodities and Crypto currencies. Use above tools to plan your trades and always trade with a plan, this will help you go a long way as a Forex trader. If you have any questions or feedback please feel free to write in the comments or contact me through email.

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Forex Academy

Master the basics of trading and put your knowledge into practice as you go with Forex Academy — a free learning app for trading enthusiasts. Whether you want to expand your knowledge and get to grips with the most common trading notions, learn technical analysis techniques, or develop your own trading strategy, Forex Academy can be your one-stop guide to all those things. Anyone can become a trader — that’s what we at Forex Academy believe in. We want trading knowledge to be as clear and straightforward as possible. 💥Forex Academy is: ✔️a curated trading course ✔️beginner-friendly, bite-sized lessons ✔️fun quizzes ✔️risk-free trading simulator ✔️motivative reward system We make complex notions easy to understand and try to make the learning process non-intrusive and fun. An advanced in-app trading simulator allows our students to put their newly gained knowledge to practice and hone their skills while demo trading. Take your first steps into the world of financial markets with Forex Academy! Fear not, we got you;) So if you're ready to learn about forex and join a supportive community of traders, download Forex Academy today and start your journey towards becoming a successful trader.