Pivot points calculator Pro

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Pivot points calculator Pro
Version: 1.0
Platforms: Android
Developer: Raulitoy
Distribution Type: Freeware
Downloads: 253
File Size: 2271 Kb

Rating: 1.0/5 (Total votes: 3)

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Pivot points calculator Pro - This app is a Pivot points calculator: Simple, Woodie, Camarilla, Fibonacci and TomDemark.

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Pip Value:

Use this pip value calculator if you want to know a price of a single pip for any Forex traded currency. Use this free Forex tool to calculate and plan your orders when dealing with many or exotic currency pairs. All you need to do is to fill the form below and press the "Calculate" button:

Although knowing the actual value of a pip in the U.S. dollars is trivial for such currency pairs as EUR/USD, GBP/USD, it is quite hard to tell the pip value for these currency pairs if your account is denominated in other currencies, or for any other pairs, which have a base currency other than your account is. These currency pairs also require the knowledge of the bid/ask price to convert the pip value to the account currency.

Position Size:

Position size calculator — free Forex tool that lets you to calculate the size of the position in units and lots to accurately manage your risks. It works with all major currency pairs and crosses. It requires the minimum input values, but allows you to tune it finely to your specific needs. All you need to do is to fill the form below and press the "Calculate" button:

Calculating the amount you can risk is very important if you carefully follow money management strategy. I advise using it every time you manually open a new Forex position. It will take a minute of your time, but it will also save you from losing money you don't want to lose. Position size calculation is also a first step to the organized Forex trading, which in its turn is definite property of the professional Forex trader.

Importance of the thorough position size calculation is stressed out in many influent Forex books. Sizing a position should be done in line with setting the right stop-loss and take-profit levels. And it's hard to lose all the account's money if you manage risk and position size every time you enter the Forex market.

Risk:

The risk and reward calculator will help you to calculate the position's best targets and their respective reward-to-risk ratios based on the Fibonacci retracements from the local peak and bottom. It's a powerful tool to determine the potential risks before entering any positions.

Note:

This application is not responsible for the decision making buying and selling of stocks through data calculated in this application.


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