Different forex calculators will help you to generate pivot points for any given time period, find out the value of 1 pip in USD for any lot size and any major or cross currency pair, generate basic Fibonacci retracement values for any given trend, find out the risks and rewards associated with your possible position's targets and many more.
Spread Betting Size Calculator
This calculator works with any trading tool that offers your spread betting broker. Make sure that you enter the correct amount for the stop-loss in points of your broker. Calculator uses the pound sterling for calculation, but the results are correct even if your account for any reason not in GBP.
You need to know the exact amount you are risking before opening positions in the market. This is the only way to follow the money management strategy. Professional traders always know the amount that they could lose.
You can also try our Fibonacci calculator. With its help you can easily calculate the optimal levels for stop-loss and take-profit, based on the recent trend extremes.
This calculator can work with any trading instrument offered by your spread betting broker. Make sure you are entering correct stop-loss amount in your broker's points. The calculator form uses pounds, but the results are accurate even if your account currency is not in GBP for some reason.
It is very important to know the amount you are risking before engaging into a trade. It is the only way to follow a money management strategy. It is a good routine to perform before placing your bets. Professional traders always control the amount they might lose in a given spread betting position.