Calculate pips, pip value, and potential profit/loss for your Forex trades. Get AI-powered insights for risk management, position sizing, and more.
Paste any Forex or trading-related term for a simpler explanation.
Save your trades and track your performance over time.
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Select your currency pair, account currency, trade size (lots), and enter your entry, exit, stop loss, and take profit prices.
Instantly get the number of pips moved, the value of each pip in your account currency, and your total potential profit or loss.
Receive AI-powered general advice on the risk-reward profile of your trade, helping you make informed decisions.
Input your account balance and desired risk percentage to get AI-recommended lot sizes for optimal risk management.
Hypothetically change your exit price or trade size to see the immediate impact on your potential profit or loss.
Access simulated insights into the historical volatility of your chosen currency pair to better understand market movements.
Instantly clarify any confusing Forex or trading-related terms with simple, AI-powered explanations.
Save your individual trades to a private tracker, monitor your overall performance, and analyze trends over time.
Before entering a trade, quickly calculate potential profit/loss and assess risk to ensure it aligns with your strategy.
Use AI-powered advice and position sizing to define appropriate stop-loss levels and trade sizes, protecting your capital.
Run "What If" scenarios with historical data to see how different entry/exit points or lot sizes would have performed.
Understand complex Forex concepts like pips, pip value, and risk management in a practical, interactive way.
Save detailed trade records and analyze overall performance trends to identify successful patterns and areas for improvement.
Get simulated insights into a currency pair's typical movement range to adjust your trading expectations and targets.
Those new to Forex who need to understand fundamental concepts and practice risk management.
For quick calculations, advanced risk analysis, and comprehensive trade journaling.
To teach students practical application of pips, pip value, and risk management concepts.
For backtesting strategies and analyzing hypothetical trade outcomes with different parameters.
To quickly assess the exposure and potential impact of various trade sizes and price movements.
For quick calculations and understanding the mechanics of currency pair movements.
A: This advanced tool provides AI-powered risk management advice, position sizing recommendations, interactive 'What If' scenario analysis, simulated currency pair volatility insights, a 'Jargon Buster' for Forex terms, and a private trade history tracker with export/import options. It also includes core pips, pip value, and profit/loss calculations.
A: Based on your entered trade details (entry, exit, stop loss, lot size, account currency), the AI analyzes the potential risk-reward ratio and provides general advice on managing your trade effectively, highlighting potential areas of concern or good practice. This is general guidance and not financial advice.
A: By inputting your account balance and desired risk percentage per trade, the AI calculates and recommends an appropriate lot size for your trade, ensuring you don't risk more than you're comfortable with. This helps in maintaining consistent risk management. This is general guidance and not financial advice.
A: After calculating your initial trade, the 'What If' feature allows you to hypothetically change your exit price or trade size. The tool then instantly shows you how your potential profit or loss would change, helping you visualize different trade outcomes and strategies.
A: Please note that the 'Currency Pair Volatility Insights' are *simulated* to demonstrate the potential of such a feature. As an AI, I do not have real-time access to live market data. Always consult a reputable financial data provider for current and accurate volatility information.
A: Absolutely. All your input trade details and calculated results are processed exclusively in your browser. No sensitive personal information or trade data is ever sent to our servers, ensuring complete privacy and data security. Your trade history is saved in your browser's local storage, and you can securely export/import it.
Trade smarter with precise calculations and AI insights!