Forex Calculators vs WealthAxis

Essential Calculators for Forex Traders Forex Calculators includes: +Position Size Calculator +Stop Loss & Take Profit Calculator +Risk Reward Calculator +Margin Calculator +Pip Value Calculator +Fibonacci Calculator +Pivot Points Calculator +Profit & Loss Calculator +Compound Profit Calculator +Drawdown Calculator +Risk of Ruin Calculator In the dynamic world of Forex trading, effective risk management is paramount. Our Forex Calculators app is designed to equip traders with the essential tools needed to develop and refine their risk management strategy, making trading decisions both smart and secure. Proper position sizing is the key to managing risk in trading Forex. Position Size Calculator help you calculate the amount of units/lots to put on a single trade based on the risk amount and stop loss pips. Stop Loss & Take Profit Calculator help you calculate the appropriate stop loss price and take profit price according your position size, risk amount/pips, and risk reward ratio. Pip Value Calculator help you calculate the single pip value in your account currency based on position size and pip amount. Margin Calculator help you calculate margin requirements of a trade position based on the position size and the account leverage. Fibonacci Calculator help you identify the key areas of support and resistance on a price chart, these levels are based on the Fibonacci sequence. Pivot Point Calculator help you calculate the support and resistance levels based on varies Pivot Point calculation methods. Compound Profit Calculator calculates the potential returns on profitable trades over a set period of time. Risk of Ruin Calculator measures the statistical likelihood of hitting a serious drawdown or losing your trading capital based on your strategy’s win rate and risk parameters All Forex calculations are based on near real time market prices. For those looking to use their own price data, custom price option is readily available. Forex Calculators includes most of the commonly traded Currency Pairs as well as Indices, Commodities and Crypto currencies. Use above tools to plan your trades and always trade with a plan, this will help you go a long way as a Forex trader. Terms of Use: https://fxcore.org/forex-calculators-terms/ Privacy Policy: https://fxcore.org/forex-calculators-privacy-policy/

A losing streak in the market and a heavy month at home come out of the same pocket. They are almost never written down in the same place. WealthAxis is a trading journal and a private record of everything around it — what you own, what you owe, what you spend, what you trade, and what carrying it costs your health. Everything stays on your phone. There is no broker connection, no market data, and nothing is uploaded unless you ask for it. WHAT YOU RECORD Trading — log any instrument with the setup and the state of mind behind it, and the charges the trade actually cost. Win rate, profit factor, expectancy, average win against average loss, streaks and drawdown, all computed from your own entries and all net of what the broker took. Wealth — property, deposits, bank balances, funds and business, each as its own holding. See concentration, how much is actually liquid, and how many months your liquid sources would cover. What you owe — home, vehicle, personal and education loans, card balances and anything else you carry, with the monthly payment. Net worth is what is left after them, and it is allowed to be negative. Spending — a ledger with monthly and per-category limits you set. Burn pace against the month, category concentration, and how this month compares with the last. Goals — a car, a child's education, a home, a trip, an emergency fund. Each knows what it costs and works out when you reach it from the rate you are actually funding it. Health — weight, water, steps and medicines, with reminders for each dose. Building wealth under pressure is paid for in health, and that belongs beside the money. WHAT IT WILL NOT DO No tips, no signals, no predictions, no advice. Every figure comes from something you entered, and the app says which records each one came from. It will warn you when a trade crosses a limit you set for yourself, and it will never refuse to record a trade you actually took. YOUR DATA Everything lives on your device. Export a full backup or a spreadsheet whenever you like. Cloud backup is encrypted on your phone before it leaves — we cannot read it, and we cannot reset the passphrase. Choose your own currency; figures are relabelled, never converted. Market hours, trading sessions and the inflation used in projections follow the currency you keep your book in. WealthAxis is a record-keeping tool. It is not a broker, receives no market data, and is not registered as an investment adviser, broker or financial institution with any regulator. Nothing in it is a suggestion to buy, sell or hold any security.