Each calculator is designed to work alongside the concepts covered in our risk management guide and pre-trade checklist — use them before opening a position, not after.
Available tools
Position Size Calculator
Calculates exactly how large a position to open based on your account balance, how much you're willing to risk, and your stop loss distance.
Open calculatorRisk/Reward Ratio Calculator
Enter your entry price, stop loss, and take profit to instantly see your risk-to-reward ratio and whether a trade setup is mathematically worth taking.
Open calculatorPip Value Calculator
Calculates how much one pip is worth for a given currency pair, trade size, and account currency — a required input for accurate position sizing in forex.
Open calculatorMargin Calculator
Shows how much margin is required to open a position at a given trade size and leverage, so you know exactly how much of your account will be committed.
Open calculatorStop Loss & Take Profit Calculator
Given your entry price, direction, and desired risk-to-reward ratio, this tool suggests the exact stop loss and take profit price levels for your trade.
Open calculatorHow to use these tools together
A typical workflow before placing a trade looks like this:
- 1Use the pip value calculator to know what a pip is worth for your instrument and trade size (forex).
- 2Use the position size calculator to determine how large a position keeps your risk within your defined percentage.
- 3Use the margin calculator to confirm you have enough free margin for that position size at your leverage.
- 4Use the stop loss & take profit calculator (or set these manually) to define your exact exit levels before entering.
- 5Double-check the setup with the risk/reward calculator to confirm the trade is worth taking before you click "buy" or "sell."
Frequently Asked Questions
Are these calculators a substitute for a risk management plan?
No — they're tools to execute a risk management plan accurately, not a plan on their own. See our risk management guide for the principles behind position sizing, stop losses, and risk-to-reward ratios.
Do these tools account for fees like spread or commission?
Each individual tool specifies exactly what it includes — check the tool's own page for details, and always confirm your broker's actual spread and commission separately, since these affect your real break-even point.
Can I use these tools for any market, or just forex?
Some, like the pip value calculator, are forex-specific. Others, like position sizing and risk/reward, apply to stocks, commodities, and other instruments as well — check each tool page for its intended use.
This content is for educational purposes only and does not constitute financial advice. This tool provides estimates and should not be your sole basis for trading decisions.