Exchange rate is the value of a currency in terms of another currency or the rate at which one currency will be swapped for another at a given moment.
Trade size (Lots): 1
Amount (in €): 100
Total (in $): 117.0840
*The currency exchange rates are updated hourly
Calculate the value per pip with accuracy to develop your risk management strategy.
Calculate the minimum balance required (margin) to open a trade.
Figure out which stop-loss and/or take-profit prices to set before activating the respective order.
Manage risk effectively by calculating the optimal position size.
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what you’re made of.