Yadix provides its clients a range of valuable forex calculators to help generate a more profitable forex trading strategy by using crucial Technical Analysis. Regardless of strategy or trading via an Expert Advisor, the selection calculators are valuable and effective when trading forex.
When implementing the forex calculators and trading tools into a trading strategy, clients are better prepared to manage their account risk and reward, setting stop loss and take profit and understanding profitability.
Profitability can be maximised by using the calculators to understand retracement, key pivot points and to identify profitable trends to trade. Implementing these key forex trading elements will ensure more control for your forex trading.
Below is a list of calculators available to be used for all clients of Yadix:
• Fibonacci Calculator
Fibonacci identifies retracements and market projections for all currency pairs. By entering either low high points (or opposite) based on trading an uptrend or downtrend. The calculator will return four retracement values - 23.8%, 38.2%, 50% and 61.8%
• Pivot Points Calculator
Understand where the market will pivot to better enter and exit the currency pair market to maximise your profitability and reduce your forex risk
• Pip Value Calculator
By calculating the value of the PIP on the currency pair you are trading, you can convert the PIP profit and loss to monetary values, essential to manage your forex trading account or portfolio
• Position Size Calculator
Calculate the size of traded forex position in units and lots to help efficiently manage your forex risks and exposure
• Risk and Reward Calculator
Based on Fibonacci retracements, the Risk and Reward calculator will return to you an accurate calculation on profit/loss of your forex trade.
All of the forex calculators are provided free of charge at Yadix Forex Broker to support all of our clients in developing profitable trading strategies on the STP forex model, please visit our Forex Tools section to learn more.
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