Trading Tools
Calculators for the numbers the lessons teach, each with the formula, a worked example and links to the lessons, glossary terms and guides behind it. They run in your browser and need no account.
Position Size Calculator
How many lots to trade so that your stop loss risks exactly the share of the account you intend.
Lots = (Balance x Risk%) / Stop pips / Pip value per lotPip Value Calculator
What one pip is worth on a position, in the currency your account is held in.
Pip value = Units x Pip size, converted from the quote currency to the account currencyMargin Calculator
The deposit a position ties up at a given leverage, and the notional value it controls.
Margin = (Lots x 100,000 x Price in account currency) / LeverageProfit and Loss Calculator
The profit or loss between an entry and an exit price, in pips and in your account currency, after spread and commission.
Profit = (Exit - Entry) / Pip size x Pip value, for a buy; reversed for a sell; less spread and commissionRisk-to-Reward Calculator
The ratio between what a trade risks and what it targets, and the win rate needed to break even at that ratio.
Ratio = Target distance / Stop distance; Break-even win rate = 1 / (1 + Ratio)Drawdown Recovery Calculator
The gain needed to recover from a drawdown, and roughly how many trades it takes at a given expectancy and risk.
Gain needed = Drawdown / (1 - Drawdown); Trades = ln(1 / (1 - Drawdown)) / ln(1 + Expectancy x Risk%)Forex Market Hours
Which of the four sessions is open right now in your own time zone, when they overlap and when the next one opens.
Sessions follow each centre's local business hours, roughly 08:00 to 17:00 local time, and shift with daylight saving