Dear Fellows Traders !
A few days ago one of our colleagues, who is also a FX-trader, decided to find in App Store some app to calculate the potential Profit/Loss, Equity, Free Margin and Margin Level playing with different possible market prices and watching what will happen with he’s position if instrument price will go up or down, having at least basic Risk Management tool. He was really surprised, that he was not able to find the app like he wanted to have in App Store and Google Play.
It seems also, that there is no Margin Level calculators available on the web. Calculators from the brokers are mostly sales tools, and they are not really created to protect the trader from the losses.
So we decided to create such app for the traders, to help them to be more successful and safe on their trading. So we want to ask from you, traders, what is important for you to calculate in such application ?
Right now we are thinking about such parameters as:
[B]Current Price / Expected Price[/B] ( will allow you to play with the possible prices )
[B]Amount of instrument to trade,
Current Balance,
Leverage[/B]
And as a result of calculations you will get:
[B]Equity
Floating P/L
Margin Level
Initial Margin
Free Margin[/B]
Will this be useful and interesting for you? What else you want to see and calculate in such Trading Calculator ?
Thanks in Advance,
Forceful Solutions Team.