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Forex Trading Income Calulator
Written by Aboutcurrency
This forex calculator demonstrates possible income projections based on your choice of risk, your amount of capital, the type of lot size you are using and the PIP value for major USD pairs. It gives you 12 month of accurate data based on your inputs. (Excel document )
How the forex income calculator looks
How to use the FX income calculator
The fields that can be changed are highlighted in yellow. (Change the field and press ok to update the complete excel document)
Lot Size = The lot size you choose to trade.
PIP Value = Lot size divided by 10,000. For instance: 1 standard lot (100,000 units): 100,000/10,000: $10/pip
Risk % or % of Capital at Risk: This is the amount of money that you choose to risk per trade. (Keep this low)
Average PIP Stop Loss: You need to estimate the average stop loss for your chooses trading method/strategy.
PIPS Profit Per Day: You must estimate the number of pips you could be making on average/day (10 pips, 15 pips, 20 pips,...)
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