Trading requires making informed decisions. Our free trading calculators help you work out key parameters, including position size, pip value, margin, profit and loss, key price levels, and crucially, what a broker will really cost you, in your chosen account currency with daily exchange rates.
- Currency Conversion Cost CalculatorWhat converting your money costs, and brokers with accounts in your currency.
- Drawdown & Risk of Ruin CalculatorHow hard losses are to recover, and the odds of a deep drawdown.
- Fibonacci CalculatorRetracement and extension levels from a swing high and low.
- Margin CalculatorThe margin a trade needs at your leverage, and its full value.
- Pip Value CalculatorWhat one pip is worth on any currency pair, in your account currency.
- Pivot Point CalculatorClassic, Fibonacci, Camarilla and Woodie pivot levels.
- Position Size CalculatorHow many lots or shares to trade for the risk you choose.
- Profit & Loss CalculatorProfit or loss of a trade, plus risk–reward and break-even win rate.
- Trading Cost CalculatorCompare what brokers would cost you per month for the way you trade.
- What Can I Trade With My Budget?Brokers you can open with your budget, and how far it goes.
Why Use A Trading Calculator?
We see some short-term retail traders, beginners especially, focus on a particular market or strategy, without fully understanding whether they’re trading too big, whether a move is worth shooting for, and how much costs will erode their profits. Our calculators, which take seconds to use, help remove the guesswork.
- Control your risk: The position size calculator tells you exactly how large a trade can be so that hitting your stop loss costs only the amount you chose.
- Understand what you are trading: The pip value and margin calculators show what each price move is worth and how much of your account a trade ties up.
- Plan entries and exits: The pivot point and Fibonacci calculators give you the price levels many active traders watch.
- Judge a strategy honestly: The profit and loss and drawdown calculators show the risk–reward of a trade and how a run of losses could affect your account.
- Keep costs down: The trading cost, currency conversion, and budget calculators compare the brokers available in your country using the spreads and minimum deposits we record in our hands-on broker tests. For day traders, in particular, who often make a large volume of trades, having a handle on costs is key.
How Our Calculators Work
All of DayTrading.com’s trading calculators update in real-time as you type – there’s no need to press a button. Results will be shown in the currency you pick, and the account currency is set to your local currency where possible.
Currency conversions use the European Central Bank’s daily reference rates, and you can type in your own price where a live price matters.
The broker comparisons only include brokers that accept traders from your country. Variable spreads change in response to market conditions, so use the results as a guide and check the latest figures.
Is one of our calculators not working properly or are our instructions unclear? Let us know at contact@daytrading.com so we can fix or update them.
More Resources
You may also find these resources designed for aspiring traders useful:
- A guide to day trading for beginners
- Risk management techniques for trading
- Short-term trading strategy tutorial
- Where to get an education in online trading
- Top-rated trading platforms for beginners
DayTrading.com’s free trading calculators are for education and planning only and are not financial advice. Trading with leverage is high risk, and you could lose any money you invest. Trade responsibly.