Tools
Trading calculators
Four numbers worth working out before every trade. Each one shows the rate it used and the steps it took, so you can check it, or do it in your head next time.
Pip Value Calculator
What one pip is worth in your account currency
Waiting for indicative rates.
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per pip at 1.00 lots
- Pip size
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- Contract size
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- Conversion rate
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Position Size Calculator
How many lots your stop distance and risk rule allow
Waiting for indicative rates.
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Standard lots
- Risk amount
- -
- Pip value per lot
- -
- Position in units
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Margin Calculator
What a position ties up before you can open anything else
Waiting for indicative rates.
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required to hold the position
- Notional value
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- Units of base currency
- -
- Margin as % of notional
- -
Brokers set margin rates per instrument and can raise them around news or into the weekend. The figure in your MetaTrader 5 order window is the one that applies.
Risk & Reward Calculator
What your stop and target are worth relative to each other
Waiting for indicative rates.
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reward for every 1 risked
- Break-even win rate
- -
- Risk / reward in pips
- -
- Direction
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Indicative rates
EUR/USD
GBP/USD
AUD/USD
USD/JPY
USD/CAD
USD/CHF
Gold · XAU/USD
Silver · XAG/USD
Indicative mid prices sourced once daily at the New York close, not a live quote and not dealable. Your MetaTrader 5 ticket is the only price that counts.
These calculators are educational tools using the inputs you provide. They don't account for spread, commission, swap or slippage.
Learn the theory behind them
A calculator gives you a number. These modules explain why it's the right number.
Forex risk management and position sizing
How position sizing, the 1% rule, and risk-to-reward work together to make survival the only strategy that compounds.
6 min read →
How to use MetaTrader 5 at TabTrade: setup, demo and first order
Set up a demo account, arrange the workspace, build watchlists and place your first test order.
5 min read →
What is Forex Trading?
A straightforward look at how the global currency market operates, who participates, and what happens when you execute a trade.
6 min read →