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,...)
Your details are strictly protected, safe and never be sold or shared. We hate spam as much as you do.
Any articles, systems, strategies, reviews, ratings, news, research, analyses, prices or other information contained on this website, by Aboutcurrency.com, its partners or contributors, is provided as general market commentary and does not constitute investment advice. Aboutcurrency.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.