SimpleFX has been delivering user-friendly, easy-to-use solutions for over a decade. This time, we’ve added a well-known feature for desktop users to the mobile app. Let us introduce you to the Trading Calculator.
Trading Calculator: Faster, more informed trading
Traders would love to analyze the potential of their trades. It’s impossible to predict the future, but it’s great to be more prepared before investing the money. The Trading Calculator gives the option to simulate potential trades by filling in basic data. This feature gives traders more information before making a final decision about trades.
The Trading Calculator has been available in the desktop version of the platform. Right now, traders can also use it in the mobile application to get informed about potential trades everywhere they go.
All you need in one feature
What information should the user fill in? Basic data, seen from the entrance panel:
- account currency,
- account leverage,
- symbol,
- volume or size
With these parameters, the Trading Calculator can analyze more advanced data, such as:
- trade value,
- required margin to open a trade (for account margin level at 100%),
- point value (the smallest price move after which a trader can notice profit/loss)
The Trading Calculator also provides information about the daily swap, depending on the user’s position (long/short).
If you want to prepare for future movements, you can simulate them by entering the open and close prices. Traders should keep in mind that the Trading Calculator is not a crystal ball – fill it to simulate the potential price fluctuations. Then the app will show potential profits or losses (in percentages as well).
The Trading Calculator is a useful tool to make trading more effective, less time-consuming, and more informed. Start using it on the SimpleFX mobile app to elevate your trading experience.
