Forex Calculators for Android

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Developer’s Description

By Xiaobin Li

Essential Calculators for Forex Traders

Forex Calculators include:+Position Size Calculator+Stop Loss & Take Profit Calculator+Risk Reward Calculator+Margin Calculator+Pip Value CalculatorRisk management consider to be one of the most important skills in Forex trading. Proper position sizing is the key to managing risk in a single trade. Position Size Calculator will help you find out the amount of units/lots to put on a single trade based on your risk amount/percentage and stop loss pips/price.Stop Loss & Take Profit Calculator will help you determine the stop loss price from the input of position size, risk amount and the open price. Take profit price can be obtained from entering the risk reward ratio or inversely get risk reward ratio from a target price.Margin & Pip Value Calculators will help you calculate margin requirements and pip value respectively according to the inputs of trade size, leverage and pip amount.All Forex calculations are based on real time market price which includes most of the popular currency pairs plus gold and silver.With above tools you are well equipped to trade Forex with a solid foundation.If you have any suggestions please feel free to write in the comments or contact me through email.Content rating: Everyone