Foreign Exchange Trading
Currency Calculator
Professional foreign exchange trading currency calculator. Calculate forex profits, losses, pip values, and position sizing with real-time exchange rates for currency trading and comprehensive FX market analysis.
Forex Trading Calculator
Major Currency Pairs
EUR/USD
The Euro Dollar
Most traded pair | Tight spreads
GBP/USD
The Cable
High volatility | Brexit impact
USD/JPY
The Gopher
Safe haven flows | BoJ intervention
USD/CHF
The Swissie
Safe haven | SNB policy
AUD/USD
The Aussie
Commodity currency | China exposure
USD/CAD
The Loonie
Oil correlation | BoC policy
Forex Trading Strategy Guide
📊 Technical Analysis
Support & Resistance
Identify key price levels where currency pairs tend to reverse or consolidate for entry and exit points.
Moving Averages
Use simple and exponential moving averages to identify trend direction and potential crossover signals.
Momentum Indicators
Apply RSI, MACD, and stochastic oscillators to gauge overbought/oversold conditions and momentum shifts.
🌍 Fundamental Analysis
Economic Indicators
Monitor GDP, inflation, employment data, and central bank decisions that drive currency valuations.
Interest Rate Differentials
Analyze interest rate differences between countries to identify carry trade opportunities and capital flows.
Geopolitical Events
Consider political stability, trade relations, and global events that impact currency risk premiums.
Forex Risk Management
Position Sizing
Never risk more than 1-2% of account capital per trade. Calculate position size based on stop loss distance and account size.
Stop Loss Orders
Always use stop loss orders to limit downside risk. Place stops beyond key technical levels or at predetermined risk amounts.
Risk-Reward Ratio
Target minimum 1:2 risk-reward ratios. Ensure potential profits are at least twice the potential losses on each trade.
Global Forex Market Sessions
Asian Session (Tokyo)
Typically quieter with lower volatility. JPY pairs most active. Good for range trading strategies and consolidation patterns.
Time: 23:00-08:00 GMT | Active Pairs: USD/JPY, AUD/JPY, NZD/JPY | Characteristics: Lower volatility, range-bound
European Session (London)
Highest volume and volatility. EUR and GBP pairs most active. Major economic releases and central bank communications occur during this session.
Time: 07:00-16:00 GMT | Active Pairs: EUR/USD, GBP/USD, EUR/GBP | Characteristics: High volatility, trend continuation
American Session (New York)
High volume with USD pairs dominating. Overlaps with London session create peak trading opportunities. US economic data releases drive market movements.
Time: 12:00-21:00 GMT | Active Pairs: USD/CAD, USD/CHF, EUR/USD | Characteristics: High volume, breakout potential
Session Overlaps
London-New York overlap (12:00-16:00 GMT) offers highest liquidity and volatility. Best time for major currency pair trading and breakout strategies.
Peak Hours: London-NY overlap | Benefits: Tightest spreads, highest liquidity, major moves