The Pivot Point analysis is a technique commonly used by day traders, which helps you determinine key levels that a price of an asset may react to. Pivot points tend to be used by traders as support or resistance levels. There are several methods of identifying the exact points. We have added the most common types of pivot points to our calculator, to help you with your strategies. These are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM.
Most traders use a variety of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine the points they want. For more calculated decisions, you can also calculate additional support and resistance levels alongside the pivot points, which can be used to determine when to enter or exit trades or to determine the range of a market. Whether used on their own or in combination with other techniques, pivot points are an extremely useful tool to a trader.
Our margin calculator helps you determine the amount needed to keep any position open, based on your trading account’s margin ratio. The result is based on the real-time rate of the currency. When trading on leveraged instruments, you are only required to put up a small amount of capital to open and maintain a new position, otherwise known as the margin. For example, if you want to buy $100,000 worth of EUR/USD, you don’t need to put up the full amount, you only need to put up a portion, and depending on the level of leverage it can be as low as $100. Margin is not a fee or a transaction cost, it is simply a portion of your funds set aside to keep your trade open and ensure to cover potential losses of the trade.
pip value calculator
The pip value calculator will give you the value per pip in your account currency, for all major currency pairs. All values are based on real-time currency rates. A pip, short for point in percentage, is a very small measure of change in a currency pair. A pip is a standardized unit and it is usually the fourth decimal of a currency quote, or $0.0001 for U.S.-dollar related currency pairs. This standardized size helps to protect investors from huge losses, as if change was measured in a higher decimal number it would cause greater volatility in currency values.
The profit calculator allows you to compute profits or losses for all major and cross currency pair trades or futures trades, giving results in one of eight major currencies. Customize the calculator according to your account settings and preferences and determine pip value, commission and other points, which can help you enter the markets.