The trader’s calculator is a special function built in the xStation trading platform in the order window.
It helps in the automatic calculation of the parameters of your trade, such as pip value, margin, spread value and much more.
It instantly determines all aspects of your trade, allowing you to make more informed trading decisions at a quicker rate.
The trader’s calculator is a great tool that can help you in risk management.
One of the keys to successful and profitable trading is risk management. In order to analyse your risk for each trade, it’s important to understand how much you can potentially profit - or lose - with each position. With our advanced in-built trading calculator, aspects like pip value, margin, spread value, and potential profit or loss levels are instantly determined, so that you can make more informed trading decisions - without having to do any manual mathematics.
Take a look at the example above, where an order window has been opened on EURUSD and a 1 lot volume buy order has been selected.
When a 1 lot transaction is opened, the trader’s calculator made some helpful calculations that include:
So, with the trader’s calculator, you know that the spread cost of placing the trade is £8.31. You also know that £417.78 of your capital will be reserved as margin for the duration of the trade. Also, you know that you stand to profit or lose £7.56 with every pip movement in the market above or below your opening price.
Let’s say that the market moves 50 pips in your favour:
Profit = (Number of pips x Pip value) - Spread = (50 x 7.56) - 8.31 = £369.69
Let’s say that the market moves 50 pips against you:
Profit = (Number of pips x Pip value) - Spread = (-50 x 7.56) - 8.31 = -£386.31
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.