What is the Forex calculator?
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The Forex Calculator is an essential tool for traders in the foreign exchange market (Forex). This tool helps in calculating the financial value of Forex trades and estimating the margin calculation, pip price and swaps with ease.
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Simply select the currency, financial instrument, and leverage to be used, and the calculator will compute the swap, margin, and pip value. The calculator can also be used to compute the value of potential profit.
OW Markets Currency converter
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OW Markets also provides our traders with a currency converter that allows you to use the current market exchange rates to convert between the different currencies.
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All results are calculated in real time, and the calculator provides all data based on live and updated market prices.
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OW Markets offers you all the tools you need to enhance your success in the investment world. Now is the time for you to join us and take advantage of the most up-to-date investment tools available today.
How to use the Forex calculator?
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Select a currency pair: Start by selecting the currency pair you intend to trade, such as EUR/USD or GBP/JPY.
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Enter the trade size: Select the desired trade size, which can be in standard units (lots) and depends on the account size and leverage level.
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Select the leverage: Choose the leverage used on your account, starting from 1:50 and up to 1:1000.
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Choose your account currency: Select from multiple options: EUR, GBP, and USD.
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Click on "Calculate": The calculator will calculate the value of each point and the margin required for this trade.