What one pip is worth for your position, converted into your account currency.
VALUE OF ONE PIP
10.00
For EUR/USD in a USD account the rate is 1. For USD/JPY in a USD account it is 1 ÷ the USD/JPY price.
Pip value = units × pip size × conversion rate. It changes with the exchange rate, so recalculate it before sizing each trade. Module 3 — Forex market →
Risk-reward
Compare what the trade risks to the stop with what it aims for at the target.
REWARD TO RISK
1 : 2.00
Break-even win rate at this ratio: 33.3%, before costs.
The gain needed to get back to where you started after a loss.
GAIN NEEDED TO RECOVER
+25.0%
Because each gain is earned on a smaller balance.
Required gain = loss ÷ (1 − loss). A 50% loss needs a 100% gain, which is why limiting losses matters more than chasing returns. Module 0 — Before you trade →
Margin
How much of your balance the broker sets aside to open the position.
MARGIN REQUIRED
3,616.67
Position value: 108,500.00. A loss of 3.33% on that value would use up all of this margin.
Margin = units × rate ÷ leverage. Margin is a deposit, not the most you can lose: losses come out of the whole balance. Retail leverage is capped at 1:30 on major pairs in the UK, EU and Australia. Module 3 — Forex market →
Swap (overnight financing)
What holding the position overnight costs or pays, from the swap rate your broker quotes.
FINANCING FOR THE HOLD
−32.50
Per night: −6.50. A Monday-to-Friday hold usually counts 7 nights, because one night (often Wednesday) is charged three times for the weekend.
Swap = lots × 100,000 × point size × swap points × rate × nights. Rates differ for long and short positions and change with central bank rates. Swap-free (Islamic) accounts replace it with other fees. Module 3 — Forex market →
Pivot points
Classic floor-trader levels for today, from yesterday’s high, low and close.
LEVELS FOR TODAY
R3—
R2—
R1—
Pivot—
S1—
S2—
S3—
Pivot = (high + low + close) ÷ 3; R1 = 2 × pivot − low; S1 = 2 × pivot − high; R2 and S2 add or subtract the day’s range. Brokers set “yesterday” by their own daily close (often 22:00 GMT), so their levels can differ. Module 7 — Technical analysis →
Fibonacci retracement
Common retracement levels between a swing low and a swing high.
RETRACEMENT LEVELS
0%—
23.6%—
38.2%—
50%—
61.8%—
78.6%—
100%—
An up move retraces down from the high: level = high − (high − low) × ratio. A down move retraces up from the low. The levels mark where traders watch for a reaction; price respects them only some of the time. Module 7 — Technical analysis →
Risk of ruin
The chance that a run of losses takes the account down to a level you would call ruin.
CHANCE OF RUIN
—
Expectancy: — per trade. From 4,000 simulated sequences of trades with the same odds (the same inputs always give the same answer).
Raising risk per trade from 1% to 5% can turn a near-zero chance of ruin into a likely one, even with the same win rate and reward to risk. With negative expectancy, ruin is only a matter of time. Module 9 — Risk management and capital protection →
Compounding
How a balance grows when each period’s return is added to it, with regular deposits if you make them.
FINAL BALANCE
—
You put in —; returns added —.
Each period: balance = balance × (1 + return) + deposit. Steady returns like these are an assumption, not a forecast: real returns vary and can be negative, and a loss compounds too. Module 17 — Long-term investing vs active trading →
Market hours
The four forex sessions in GMT, with their status right now (07:10 GMT). Brokers’ exact hours differ; daylight saving moves London and New York by an hour.
These calculators do arithmetic only. They are not advice on what to trade or how much to risk. Trading forex, stocks and CFDs carries a high level of risk.